Los Angeles fund Fifth Wall says it will channel some capital from its new property fund into Asian start-ups

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Fifth Wall Ventures, a Los Angeles-based venture capital firm, plans to invest part of the proceeds from its new US$503 million property technology fund on start-ups in Asia, reflecting the first time it has channelled capital beyond US shores.The firm announced it had closed Fund II to new investors earlier this month after exceeding its initial funding target of US$400 million, drawing participation from 50 companies, including mainland developer China Vanke.Brendan Wallace, co-founder and…

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