BlueRun Ventures has recently finalized the fundraising process for its fourth dual-currency fund, which boasts a substantial total amount of approximately $560 million (equivalent to around RMB 3.9 billion). This achievement has elevated the firm's total assets under management to nearly RMB 20 billion. The dual-currency fund has garnered robust backing from long-term capital sources, both from domestic and international investors. Notably, the geographical distribution of the dollar fund's limited partners (LPs) is extensive, while the RMB fund witnessed a swift oversubscription and subsequent closure.

The new fund is set to maintain its commitment to an early-stage technology investment approach, with a particular emphasis on the AI and hard technology sectors. More specifically, the RMB fund will give precedence to investments in cutting-edge technologies that are in harmony with China's industrial policies. On the other hand, the dollar fund will concentrate on Chinese technology startups that are at the forefront globally, as well as projects centered around AI themes.