Inception Capital Faces Fund Liquidation Amid Founder’s Absence

According to Foresight News, Inception Capital founder David Gan lost contact with investors after traveling to China to assist his father with an investigation, leading to a fund liquidation crisis. Inception Capital manages nearly $100 million in assets, as per documents from the U.S. Securities and Exchange Commission (SEC). Gan reappeared at the end of June during a vote by investors to liquidate the fund and agreed to relinquish some key responsibilities within the company. Currently, Inception Capital is working with limited partners to develop a transition strategy.