DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Banyan Capital Partners Ltd.
Banyan Capital Partners Ltd.
高榕创投是中国最活跃的风险投资机构之一，致力于发现优秀创业者，与他们共建长期价值。高榕创投于2014年1月创立，专注于早期和成长期投资，重点投资新科技、互联网及新消费、医疗健康等创新创业领域。
venture manager, reported GAV $7,662M across 11 vehicles
Importance
47
elevated
Active deployment
4
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
10
low
Identity and regulatory footprint
- Headquarters
- George Town, Grand Cayman, Cayman Islandsadviserinfo.sec.gov
- Office address
- WALKERS CORPORATE LIMITED, 190 ELGIN AVENUE, George Town, Grand Cayman, KY1-9008adviserinfo.sec.gov
- Business phone
- +1 345 949 0100adviserinfo.sec.gov
- Website
- HTTP://WWW.BANYANVC.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 29, 2024
- Private funds reported
- 11 (11 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $13Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- WXY Holdings Limited (Shareholder Of Banyan Capital Partners Ltd.), E; WXY Holdings Limited (Shareholder Of Banyan Capital Partners Ltd.), E
- business phone
- +1 345 949 0100adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 1
Funds and vehicles
11 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Gaorong Partners Fund VI, L.P. | Fund | 2022 form d first sale | Active deployment | $1.9B Sep 14, 2026 | 104 | $1.7B of $1.7B | Mar 28, 2022 |
| Gaorong Partners Fund Vi-A, L.P. | Feeder or parallel | 2022 form d first sale | Active deployment | $231M Sep 14, 2026 | 26 | $185M of $185M | Mar 28, 2022 |
| Gaorong Partners Fund V, L.P. | Fund | 2020 form d first sale | Mature | $1.4B Sep 14, 2026 | 72 | $1.0B of $1.0B | Oct 9, 2020 |
| Gaorong Partners Fund V-A, L.P. | Feeder or parallel | 2020 form d first sale | Mature | $218M Sep 14, 2026 | 16 | $150M of $150M | Oct 9, 2020 |
| Gaorong Partners Fund IV, L.P. | Fund | 2018 form d first sale | Harvest | $977M Sep 14, 2026 | 41 | $450M of $450M | Nov 19, 2018 |
| Gaorong Partners Fund Iv-A, L.P. | Feeder or parallel | 2018 form d first sale | Harvest | $109M Sep 14, 2026 | 11 | $50.0M of $50.0M | Dec 6, 2018 |
| Banyan Partners Fund III, L.P. | Fund | 2017 form d first sale | Harvest | $524M Sep 14, 2026 | 33 | $350M of $350M | Mar 2, 2017 |
| Banyan Partners Fund Iii-A, L.P. | Feeder or parallel | 2017 form d first sale | Harvest | $83.9M Sep 14, 2026 | 18 | $50.0M of $50.0M | Mar 31, 2017 |
| Banyan Partners Fund II, L.P. | Fund | 2015 adv first reported | Harvest | $2.1B Sep 14, 2026 | 44 | $0 of $362M | Jan 7, 2015 |
| Banyan Partners Co-Invest 2015, L.P. | SPV or co-invest vehicle | 2015 name year | Harvest | $43.7M Sep 14, 2026 | 19 | $19.0M | May 11, 2015 |
| Banyan Partners Fund I, L.P. | Fund | unknown | Unknown | $93.4M Sep 14, 2026 | 44 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
5 current, 2 departed
Ying Wang
PartnerShareholder Of Wxy Holdings Limited · since Nov 1, 2019
Xiang Gao
PrincipalDirector Of Banyan Capital Partners Ltd. · since Oct 1, 2013
Xiang Gao
PrincipalDirector Of Banyan Capital Partners Ltd. · since Oct 1, 2013
Zhen Zhang
PrincipalDirector Of Banyan Capital Partners Ltd. · since Oct 1, 2013
Zhen Zhang
PrincipalDirector Of Banyan Capital Partners Ltd. · since Oct 1, 2013
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| 京ICP备14020814号 | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
8 relationships from shared deals, counted for the whole firm
HLC Vgc Management IV Limited 1 shared · one time01vc Advisor Ltd 1 shared · one timeMonolith Venture Advisory Limited 1 shared · one time5y Capital Management Limited 1 shared · one time6 Dimensions Capital 1 shared · one timeXiang He Management Services, Inc. 1 shared · one timeBLC Advisors, Ltd. 1 shared · one timeQiming 1 shared · one time
Limited partners
0 disclosed
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.
Timeline
15 dated events
- Mar 30, 2023Gaorong Partners Fund VI, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $1,642,679,000Fund first reported on Form ADVFundsFactGaorong Partners Fund VI, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023Gaorong Partners Fund Vi-A, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $184,849,000Fund first reported on Form ADVFundsFactGaorong Partners Fund Vi-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2021Gaorong Partners Fund V, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $998,115,000Fund first reported on Form ADVFundsFactGaorong Partners Fund V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2021Gaorong Partners Fund V-A, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $149,885,000Fund first reported on Form ADVFundsFactGaorong Partners Fund V-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 1, 2019Ying Wang joined Schedule A of Banyan Capital Partners Ltd. as Shareholder Of Wxy Holdings Limited
- Mar 28, 2019Gaorong Partners Fund Iv-A, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $50,000,000Fund first reported on Form ADVFundsFactGaorong Partners Fund Iv-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2019BIN Yue (Shareholder Of Banyan Partners Iii Ltd.) no longer on Schedule A of Banyan Capital Partners Ltd.
- Mar 28, 2019Gaorong Partners Fund IV, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $450,000,000Fund first reported on Form ADVFundsFactGaorong Partners Fund IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2018Banyan Partners Fund Iii-A, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $51,367,774Fund first reported on Form ADVFundsFactBanyan Partners Fund Iii-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2018Banyan Partners Fund III, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $347,862,095Fund first reported on Form ADVFundsFactBanyan Partners Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 1, 2017BIN Yue joined Schedule A of Banyan Capital Partners Ltd. as Shareholder Of Banyan Partners Iii Ltd.
- Mar 29, 2016Banyan Partners Co-Invest 2015, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $102,306,049Fund first reported on Form ADVFundsFactBanyan Partners Co-Invest 2015, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2015Banyan Partners Fund II, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $362,000,000Fund first reported on Form ADVFundsFactBanyan Partners Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 7, 2014Banyan Capital Partners Ltd. first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 7, 2014Banyan Partners Fund I, L.P. first reported on Form ADV by Banyan Capital Partners Ltd. (Venture Capital Fund), GAV $79,466,886Fund first reported on Form ADVFundsFactBanyan Partners Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 14, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $7,662M across 11 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $13,212M across 11 vehicles
Evidence
37 observations from 3 sources