Top private equity firm moves to tap venture capital globally

Leading private equity firm China Science and Merchants Investment Management Group said it plans to seek venture capital from partners in Israel, Germany, Japan, the United Kingdom and Russia in the current year to fulfill plans to expand internationally.

The company said on Tuesday it will seek deals with companies similar to AngelList rather than looking for single transactions.

In 2015 CSM Group invested $400 million in AngelList, a US website for connecting startups and angel investors, as well as helping job-seekers looking to work at startups. The platform helped startups complete more than 1,000 financing deals in 2016.