Monument Group Advises Unicorn Capital Partners on Successful US$350 Million Fundraise
HONG KONG, January 14, 2020 – Monument Group, one of the industry’s leading placement agents, has advised venture capital fund-of-funds manager Unicorn Capital Partners (“Unicorn”) on raising Unicorn Capital Partners Fund III, L.P. (“Fund III”). Fund III closed at its hard cap of US$350 million of commitments. Similar to the previous funds, Fund III will focus on China-based technology-enabled consumer, enterprise, broad TMT and healthcare investment managers.
The investor base for Fund III, which closed on December 31, 2019, includes both new and existing investors and is comprised of leading endowments, foundations, pension funds, family offices and successful technology entrepreneurs.
“It was a pleasure to work with the accomplished Unicorn team on the raising of Fund III,” said Robert Mast, a Managing Director at Monument Group. “As with its predecessor fund, we saw continued strong investor interest in Unicorn and in the venture capital sector in Asia. The close of Fund III helps ensure Unicorn will be able to continue building a portfolio of best-of-breed leading and emerging VC managers in China. We wish them continued success.”
“Monument Group proved instrumental in securing investors for Fund III and we thank them for their assistance,” said Tommy Yip, Managing Partner, Unicorn Capital Partners. “The Monument team brought significant buy-side and investment and consulting experience, as well as deep knowledge of, and experience in Asian private markets. With the raising of Fund III, we are well positioned to continue pursuing opportunities in China’s expansive technology-enabled market. We thank all of our investors for their confidence in Unicorn.”
In addition to Fund III, Monument Group advised Unicorn on the raising of its predecessor fund, USD$250 million Unicorn Capital Partners Fund II, L.P. (2018).
About Unicorn Capital Partners
Founded in 2015, Unicorn Capital Partners (“Unicorn” or the “Firm”) is a leading fund-of-funds manager primarily focused on China Venture Capital opportunities. Unicorn partners exclusively with best-of-breed leading and emerging venture capital managers who invest in the areas of technology, media and entertainment (“TME”), and healthcare in China’s New Economy. With its excellent network and resources in the venture ecosystem in China, Unicorn is uniquely positioned to access top-tier managers and identify up-and-comers. The Firm aims to deliver superior returns to investors and build a long-term venture capital platform by leveraging its 35 years of venture capital and private equity experience in China and Asia, including experience in fund investment, fund management, direct investment, and research.
About Monument Group
Monument Group is a leading, independent private fund 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 over 100 funds, totaling more than US$103 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London, Hong Kong and Tokyo. 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 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.
