HONG KONG, July 27, 2022 – Monument Group, one of the industry’s leading global placement agents, today announced the firm has advised BAI Capital, a leading venture capital firm in China, on the successful raising of BAI Capital Fund I, L.P. (“Fund I”) and its related investment vehicles with approximately US$700 million of total capital raised, exceeding the target size.
Based in China, the BAI Capital team was originally established in 2008 by Founding and Managing Partner Annabelle Long, as Bertelsmann Asia Investments, the future-oriented investment arm of Bertelsmann´s investment businesses. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns.
Now independent and wholly owned, BAI Capital will adhere to a diverse Fund I portfolio with two main focuses: China-based global companies and China’s structural transformation. BAI Capital seeks to partner with and empower outstanding Chinese companies and entrepreneurs that can leverage the multiplier effect of China’s technology, talent, and supply chain advantages and to expand globally in consumer retail and services, fintech, media and content innovation, Web3 and metaverse. On the other hand, at the turning point of China’s structural transformation, the fund will also seize major cross-cycle disruption opportunities in frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrade driven by enterprise software development.
The investor base for Fund I and related investment vehicles includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann.
“We saw notable investor demand for BAI Capital Fund I, across the investor universe and geographies,” said Niklas Amundsson, a Partner at Monument Group. “Investor interest in the firm’s first independent fund is indicative of the BAI Capital team’s distinguished record of executing a returns-oriented strategy that has consistently generated meaningful returns for its investors. We thank the BAI Capital team for the opportunity to advise on the raising of Fund I and wish them continued success.”
About Monument Group
Monument Group is a leading, independent private placement agent managed by a senior team with significant buy-side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 119 funds, totaling more than US$120 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, growth, infrastructure, real estate, energy and natural resources. Monument Group also has a strategic alliance with boutique secondaries advisor Mozaic Capital. For more information on Monument Group’s primary and secondary capabilities, visit www.monumentgroup.com.
Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorized and regulated by the U.K. Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong.
About BAI Capital
BAI Capital is a leading venture capital fund in China. Since 2008, BAI Capital team has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital focuses on early to growth stage venture capital investments in frontier and infra tech, fintech, enterprise software, consumer retail and services, and media and content innovation. Supported by institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann, BAI Capital is committed to leveraging its global perspective and deep insights of China to invest in both China’s structural transformation and China based global companies. For more information about BAI Capital, please visit www.bai-cap.com.