Shanghai, China – August 15, 2007 – China Seed Ventures (www.csvcp.com), a private equity firm targeting early-stage growth capital investments in emerging companies with significant operations in Greater China, announces the second closing of its inaugural fund, China Seed Ventures, L.P. (the “Fund”). The Cayman Islands-registered Fund has now received over US$33 million in capital commitments, exceeding its original fundraising target of US$30 million.

Massachusetts Mutual Financial Group (“MassMutual”), a US Fortune 500 company based in Springfield, Massachusetts, was the lead investor in the Fund’s recent second closing. This commitment was made through Babson Capital Management LLC, MassMutual’s investment management affiliate.

“We are extremely pleased to have the support and endorsement of a major US financial institution such as MassMutual,” said Earl Yen, founder and managing director of CSV. “We look forward to benefiting from the involvement of Babson Capital, which brings considerable experience and sophistication as a seasoned global LP and GP investor.”

“After considerable research into Asian private equity opportunities and the leading fund managers in this important market, we decided to back China Seed Ventures,” said Michael P. Hermsen, managing director of Babson Capital’s Mezzanine and Private Equity Group. The commitment represents the continuation of MassMutual’s investment program throughout Asia. “We have been thoroughly impressed with CSV’s strategy, the quality of its investment team, and the Fund’s encouraging early results.”

CSV employs a team of 11 professionals based primarily in Shanghai, China. The Fund has to date invested in a total of 11 portfolio companies in sectors including traditional media, Internet, wireless software and services, business process outsourcing, IC design, and marketing services. Seven of the Fund’s 11 portfolio companies have completed second rounds of funding led by other private equity funds, at valuations higher than the companies’ first rounds of funding.

CSV’s principals started investing in China in 2004 and completed the first closing of the Fund in 2006, receiving commitments of over US$17 million from corporate and individual investors from the US, Japan, Taiwan, and Hong Kong. Notable corporate investors in the first closing included The CSK Group, a publicly-traded Japanese IT services company, and Mizuho Financial Group, Japan’s second largest financial institution.

For further information about CSV, please contact Earl Yen at earl@csvcp.com.