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Trident Capital enters into strategic partnership with Mustang Ventures to explore Chinese market

10/08/2005Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityTrident Capital is entering into a strategic partnership with Mustang Ventures, a new US venture capital firm investing in technology and technology-enabled service companies in China. Trident is investing $10m in Mustang I, the firm's initial venture capital fund.

Trident's co-founder and managing director Don Dixon will serve as a member of Mustang's investment committee. He said, 'China is rapidly emerging as a world power, and there's never been a better time to invest there.'

Trident is a venture capital and private equity firm with over $1.5bn of capital under management. Fund VI recently closed on $400m. Trident focuses on investments in the business services, information services and software sectors across a variety of industries. The firm has investment offices in Palo Alto, California and Westport, Connecticut.

Mustang Ventures was formed in 2004 by Rob McCormack and Leonard Liu to invest in technology and technology-enabled services companies that leverage China's attractive cost structure, large pool of intellectual talent and/or end market.

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