DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
D• G••••• V•••••••
Legal name D•••••• C•••••• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2020 · 13 filings
SEC status approved since Apr 30, 2020
RAUM
$2.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
23
13 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
8
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$2.7B as of Mar 31, 2026
Mar 31, 2021$1.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20210 then
Employees (5.A)23 as of Mar 31, 2026
Mar 31, 202118 then
Private funds8 as of Mar 31, 2026
Mar 31, 20215 then
RAUM +27% over the last fiscal year+15% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $273MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +27%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $2.6B, 10 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$2.7B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 10reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.6B for 10 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| D•••••• C•••••• C•••• L••• S••••••• U•• F••• I••• L••• | Venture Capital Fund | $612M | 34 | Jul 19, 2018 |
| D•••••• C•••••• G••••• L••• S••••••• F••• I•• L••• | Venture Capital Fund | $511M | 42 | Mar 31, 2021 |
| D•••••• C•••••• C•••• L••• S••••••• U•• F••• I•• L••• | Venture Capital Fund | $376M | 38 | Jul 19, 2018 |
| D•••••• C•••••• G••••• H••••••••• F••• •••••••• L• | Hedge Fund | $166M | 16 | Mar 31, 2021 |
| D•••••• C•••••• C•••• L••• S••••••• U•• F••• I• L••• | Venture Capital Fund | $126M | 21 | Jul 19, 2018 |
Owners and control persons
Schedule A and B, latest filing
- C••• X••••••• · Managing Directorcontrolsince 11/2011 · owns 75% or more
- B••• H•••••• N•• · Chief Compliance Officersince 08/2024 · owns less than 5%
Related persons
Schedule D 7.A
- D•••••• C•••••• C•••• M••••••••• I• •••••••• L••pooled vehicle sponsorn
- D•••••• C•••••• G••••• H••••••••• G•• L••pooled vehicle sponsorn
- D•••••• C•••••• M••••••••• I• •••••••• L••pooled vehicle sponsorn
- D•••••• C•••••• M••••••••• I•• •••••••• L••pooled vehicle sponsorn
- D•••••• C•••••• M••••••••• I• •••••••• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- Shanghai, China7 employees
- New York City, NY1 employees
What changed
consecutive filings, newest first
- Advisory employees · 14 to 13Mar 31, 2025 to Mar 31, 2026
- Business name · D•••••• C•••••• L•• to D• G••••• V•••••••Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $1.8B to $2.6BMar 31, 2025 to Mar 31, 2026
- Employees · 24 to 23Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $2.1B to $2.7BMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $2.1B to $2.7BMar 31, 2025 to Mar 31, 2026
- RAUM · $2.1B to $2.7BMar 31, 2025 to Mar 31, 2026
- Accounts · 7 to 10Aug 14, 2024 to Mar 31, 2025
- Pooled vehicle clients · 7 to 10Aug 14, 2024 to Mar 31, 2025
- Assets in custody · $1.8B to $1.8BAug 14, 2024 to Mar 31, 2025
- Employees · 21 to 24Aug 14, 2024 to Mar 31, 2025
- Financial planning clients · unset to Aug 14, 2024 to Mar 31, 2025
- Private funds · 5 to 8Aug 14, 2024 to Mar 31, 2025
- Discretionary RAUM · $2.0B to $2.1BAug 14, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $2.0B to $2.1BAug 14, 2024 to Mar 31, 2025
- RAUM · $2.0B to $2.1BAug 14, 2024 to Mar 31, 2025
- Accounts · 5 to 7Nov 6, 2023 to Mar 28, 2024
- Advisory employees · 12 to 14Nov 6, 2023 to Mar 28, 2024
- Pooled vehicle clients · 5 to 7Nov 6, 2023 to Mar 28, 2024
- Assets in custody · $296M to $1.8BNov 6, 2023 to Mar 28, 2024
- Employees · 18 to 21Nov 6, 2023 to Mar 28, 2024
- Discretionary RAUM · $1.8B to $2.0BNov 6, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $1.8B to $2.0BNov 6, 2023 to Mar 28, 2024
- RAUM · $1.8B to $2.0BNov 6, 2023 to Mar 28, 2024
- Assets in custody · $615M to $296MOct 26, 2022 to Mar 31, 2023
- Employees · 16 to 18Oct 26, 2022 to Mar 31, 2023
- Discretionary RAUM · $2.2B to $1.8BOct 26, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $2.2B to $1.8BOct 26, 2022 to Mar 31, 2023
- RAUM · $2.2B to $1.8BOct 26, 2022 to Mar 31, 2023
- Assets in custody · $369M to $615MDec 6, 2021 to Mar 29, 2022
- Employees · 18 to 16Dec 6, 2021 to Mar 29, 2022
- Discretionary RAUM · $1.7B to $2.2BDec 6, 2021 to Mar 29, 2022
- Pooled vehicle RAUM · $1.7B to $2.2BDec 6, 2021 to Mar 29, 2022
- RAUM · $1.7B to $2.2BDec 6, 2021 to Mar 29, 2022
- Accounts · 3 to 5Apr 9, 2020 to Mar 31, 2021
- Advisory employees · 11 to 12Apr 9, 2020 to Mar 31, 2021
- Pooled vehicle clients · 3 to 5Apr 9, 2020 to Mar 31, 2021
- Assets in custody · $965M to $369MApr 9, 2020 to Mar 31, 2021
- Employees · 14 to 18Apr 9, 2020 to Mar 31, 2021
- Private funds · 3 to 5Apr 9, 2020 to Mar 31, 2021
Signals
6 dated events
- D• G••••• V••••••• reported RAUM $2.7B, up 27% from $2.1B (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Laura Tse (Chief Compliance Officer) no longer on Schedule A of D• G••••• V••••••• (listed 2023-03-31, absent 2023-05-15)May 15, 2023 · Control person left · inference
- D• G••••• V••••••• reported RAUM $2.2B, up 32% from $1.7B (2021-12-06 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- Laura Tse (Chief Compliance Officer) appeared on Schedule A of D• G••••• V•••••••Dec 6, 2021 · Control person joined · fact
- D• G••••• V••••••• reported RAUM $1.7B, up 51% from $1.1B (2020-04-09 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- D•••••• C•••••• L•• filed its initial SEC registration (Form ADV)Mar 30, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- D•••••• C•••••• L•• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/decheng-capital-reportedpublic record, Form ADV, Sep 18, 2026
- Website
- D••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 650-382-5514reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026