China-focused venture capital fund manager Vision Plus Capital Partners has raised US$500 million in capital commitments for its second U.S. dollar- and renminbi-denominated funds. Commitments are split equally between the two funds. Investors in the funds include China-based internet and industrial companies, sovereign wealth funds, funds of funds, a U.S.-based public institution and several China-based family offices. The funds will focus on areas such as consumer internet, digital health care and advanced computing.