TheDeal.com - Sutter Hill's China hand

"Baker's alliance with Chengwei and Venture TDF China is informal, with no obligation for co-investments. In fact, Sutter so far has co-invested in only three of Chengwei's investments and only one of TDF China's deals ? although Baker gets regular updates from both firms about new deals. 'We don't want to force our way into a deal unless we can add value,' Baker says. "