G-Resources Group Ltd said Well Advantage Global Ltd., a wholly owned subsidiary, has subscribed to Genesis Capital II LP for US$70 million, according to an Aug. 8 release.
Well Advantage Global will have a limited partner interest in the fund. Genesis Capital II Ltd. is the general partner.
The fund will invest in equity and equity-related securities of growth and late stage technology entities in China. It will have a term of 10 years after the final closing date, with an option to extend it up to two consecutive years.