NEA Invests in China VC firm, Northern Light

Private EquityOnline reports that NEA has recently made an undisclosed investment into a new Chinese VC firm, Northern Light. General Partner Scott Sandell calls his firm's relationship to this company, one akin to a "special LP," whereby Northern Light will not only receive part of its institutional backing from NEA but will also provide NEA with deal flow. That appears to be the daily mantra of more Sandhill Road VCs after a careful reading of their tea leaves.

[China Venture News]