China-focused venture capital firm Lightspeed China Partners has completed fundraising for Lightspeed China Partners II with US$260 million in capital commitments, surpassing the vehicle’s target of US$220 million. The majority of investors in Lightspeed China Partners II were from the United States, including fund of funds manager Horsely Bridge Partners. Investors from Asia included Singapore’s sovereign wealth fund GIC. Lightspeed China Partners II will focus on investments in Chinese technology start-ups.