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(Bloomberg) -- Fresh off a split from its US counterpart, the Asia business of venture-capital firm GGV Capital is considering raising money to invest in private debt for the first time, according to people familiar with the matter..
GGV Capital, a global tech-investing powerhouse, has completed the separation of its US and Asia operations to form two standalone and independent partnerships, GGV said in a statement published Saturday on X, the social media site formerly known as Twitter..
GGV, which had $9.2 billion in assets when it unveiled the split last year, is known for being an early investor in Chinese technology giants including Alibaba Group Holding Ltd., ByteDance Ltd. and Xiaomi Corp. GGV, whose US headquarters are in Menlo Park, Calif., also invested in Airbnb Inc. and Slack before the latter was acquired by Salesforce Inc. ..
It said Thomas Ng, a GGV founding partner, Teh Kok Peng, former GIC president for Special Investments, and Teo Ming Kian, former chairman of Singapores National Science and Technology Board, will be on an advisory council to guide the Asian firms expansion. ..
The biggest global venture firms have long managed investments across the Pacific, deploying funds raised from US endowments, pensions, global sovereign wealth funds and other institutions into lucrative internet and technology companies in the worlds two largest economies..
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