Unicorn Dx Advisors Limited

Institutional venture firmpart of Unicorn Capital Partners 獨秀資本SEC exempt reporting adviserClassification probable· George Town, Grand Caymanunicorn-partners.com

Your China venture expert — connecting capital and the one percent. Unicorn Capital Partners is a leading fund-of-funds platform that focuses on venture capital fund and direct investment opportunities in China and Asia.

In the firm's own words, from its website.

Reported fund assets
$505M
sum of its funds' Form ADV filings, last 30 months
Investment team
11
Latest vintage
2023
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

2 additional team members, 1 additional co-investor or affiliate, 2 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days. Last change: 1 Apr 2026, A team member departed on 1 Apr 2026.

People to know

View all people
  • Director Of Unicorn Partners Gp Fund V Limited
    Why: Named with investment responsibility
    No route on file yet
  • Director Of Unicorn Partners Gp Fund V Limited
    Why: Named with investment responsibility
    No route on file yet
  • Director Of Unicorn Partners Gp Fund Iv Limited
    Why: Named with investment responsibility
    No route on file yet

Relationship network

7 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Unicorn Dx Advisors Limited: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Unicorn Dx Advisors Limited

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

0 companies on record, 0 new in 12 months

Investments on record

0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.

Stated thesis versus observed behaviour

no observed deals yet
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
asia, global
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

14 current, 5 departed

Decision makers

who to call first, and why; then everyone else by function
  • Kah Fai Low · Director Of Unicorn Partners Gp Fund V Limited
    Why this person: Named with investment responsibility
  • Lye Thiam Koh · Director Of Unicorn Partners Gp Fund V Limited
    Why this person: Named with investment responsibility
  • Suan Zin Zacchaeus Boon · Director Of Unicorn Partners Gp Fund Iv Limited
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

14 current, 5 departed
2 departed (kept with end dates)
  • Kong Wai Cheong · Director Of Unicorn Partners Gp Fund Iv Limited · Jan 1, 2021 to Mar 15, 2023 Inference
  • Yung Fung Teo · Director Of Unicorn Partners Gp Fund Iv Limited · Oct 1, 2022 to Apr 1, 2026 Fact

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

2 vehicles, 0 LPs disclosed

Funds and vehicles

2 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Unicorn Partners Fund V, L.P.Fund2023 adv first reportedActive deployment$119M
Apr 1, 2026
36unknownunknown
Unicorn Partners Fund IV, L.P.FundunknownUnknown$387M
Apr 1, 2026
85unknownunknown

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

3 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Richard King Mellon Foundation Dtd 01-01-47FOUNDATIONUnicorn Partners Fund V, L.P.$1.8M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Richard King Mellon Foundation Dtd 01-01-47FOUNDATIONUnicorn Partners Fund IV, L.P.$3.2M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
John D & Catherine T Macarthur FoundationFOUNDATIONUnicorn Partners Fund IV, L.P.$3.2M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

0 co-investors · on 1 other DFX graph

Co-investors

0 counted from shared deals, for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Across DFX and the capital chainon 1 other DFX graph · 2 capital paths Show
Across DFX
Across the graphs

Unicorn Dx Advisors Limited is the same institution as 1 record in Allocators.

Allocators1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

Unicorn Dx Advisors Limited sits on 2 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 2 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

7 dated events, 37 observations from 3 sources

Timeline

7 dated events
  1. Apr 1, 2026
    Yung Fung Teo (Director Of Unicorn Partners Gp Fund Iv Limited) no longer on Schedule A of Unicorn Dx Advisors Limited
    Person leftPeopleInferenceYung Fung TeoForm ADV
  2. Mar 15, 2023
    Unicorn Partners Fund V, L.P. first reported on Form ADV by Unicorn Dx Advisors Limited (Venture Capital Fund), GAV $196,000,000
    Fund first reported on Form ADVFundsFactUnicorn Partners Fund V, L.P.Form ADV
  3. Mar 15, 2023
    Kong Wai Cheong (Director Of Unicorn Partners Gp Fund Iv Limited) no longer on Schedule A of Unicorn Dx Advisors Limited
    Person leftPeopleInferenceKong Wai CheongForm ADV
  4. Oct 1, 2022
    Yung Fung Teo joined Schedule A of Unicorn Dx Advisors Limited as Director Of Unicorn Partners Gp Fund Iv Limited
    Person joinedPeopleFactYung Fung TeoForm ADV
  5. Oct 1, 2022
    LYE Thiam Koh joined Schedule A of Unicorn Dx Advisors Limited as Director Of Unicorn Partners Gp Fund V Limited
    Person joinedPeopleFactLYE Thiam KohForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Apr 1, 2026 · 2 private fundsShow
Headquarters
George Town, Grand Cayman, Cayman Islandsadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Private fund adviseradviserinfo.sec.gov
Latest Form ADV
Apr 1, 2026
Private funds reported
2 (2 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$505Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
LOW, Kah Fai (Director Of Unicorn Partners Gp Fund V Limited), owns 50% to 75%; Alpha Finance Global Limited (Shareholder Of Unicorn Partners Gp Fund V Limited), owns 50% to 75%; BIG League Ventures Limited (Shareholder Of Unicorn Partners Gp Fund V Limited), owns 50% to 75%

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (probable, 80%)
    Venture manager, reported GAV $505M across 2 vehicles
  2. Sep 12, 2026
    Institutional venture firm (probable, 80%)
    Venture manager, reported GAV $698M across 2 vehicles

Evidence

38 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedPrivate fund adviserMar 26, 2024FactForm ADV
SEC adviser typeExempt reporting adviserApr 1, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 26, 2024FactForm ADV
First Form ADV filing2021-05-20Apr 1, 2026FactForm ADV
First Form ADV filing2021-05-20Mar 26, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-04-01Apr 1, 2026FactForm ADV
Latest Form ADV filing2024-03-26Mar 26, 2024FactForm ADV
Venture share of reported funds1Apr 1, 2026FactForm ADV
Venture share of reported funds1Mar 26, 2024FactForm ADV
Business phoneMar 26, 2024FactForm ADV
DescriptionSep 12, 2026Fact
HeadquartersGeorge Town, Grand Cayman, Cayman IslandsMar 26, 2024FactForm ADV
Office addressMar 26, 2024FactForm ADV
Self-described typeVenture capitalSep 12, 2026Fact
Legal formOther (specify)Mar 26, 2024FactForm ADV
Private funds reported2Apr 1, 2026FactForm ADV
Private funds reported2Mar 26, 2024FactForm ADV
Private fund gross assets (reported)$505MApr 1, 2026FactForm ADV
Private fund gross assets (reported)$698MMar 26, 2024FactForm ADV
Schedule a diffsadiff-1Apr 1, 2026FactForm ADV
Stated geographyAsia, global
“geography words on the home page”
Sep 12, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported2Apr 1, 2026FactForm ADV
Venture funds reported2Mar 26, 2024FactForm ADV
WebsiteMar 26, 2024FactForm ADV
Site titleSep 12, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probable · 2 filing advisers share this firmShow
Importance
25
moderate
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firm · probableSEC exempt reporting adviser

Venture manager, reported GAV $505M across 2 vehicles

One of 2 advisers that share unicorn-partners.com; the firm is Unicorn Capital Partners 獨秀資本. Unicorn Capital Partners. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

The inputs behind each score
importance
gav: 0.52 · funds: 0.17 · people: 0.32 · investments: 0 · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 2 · reported gav: $505M · first adv filing: 2021-05-20 · years since first filing: 5.4

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 identity change, 1 dated event on the change ledger, latest event first
  • Grouped with firm
    2026-09-12
  • Adviser's first ADV filing
    2021-05-20source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

Not yet on record: new companies, 12 mo.