Northern Light Venture Capital, a venture capital firm that backs Chinese companies, has raised its second fund with at least $236 million, according to regulatory filings cited by VentureWire (subscription required).

Northern Light Venture, based in Beijing and Shanghai, is partly backed by Greylock and NEA, and includes Flight Investment and Princeton University as investors.

The fund follows the firm’s $120 million fund, which was raised just last year, a sign of how hot the Chinese market is right now.