Unicorn Capital Partners
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.
10 additional team members, 2 additional co-investors and affiliates, 4 additional investments, funds and LPs, 7 events, 3 verified contacts (2 general firm email, 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.
People to know
View all people- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
Relationship network
16 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.
- Fund or vehicle
- Person
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 Capital Partners: 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 Capital Partners
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
0 companies on record, 0 new in 12 months
- 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
Team
14 current, 5 departed
- Eric Chang · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Norman Tse · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Wen Wen · PartnerWhy this person: Partner: part of the investment decision; 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.
- Partner
- Partner
- Partner
4 departed (kept with end dates)
- Yuen Yee Jin · Director Of Unicorn Partners Gp Fund Ii Limited · Apr 1, 2017 to Oct 24, 2018 Inference
- Yung Fung Teo · Director Of Unicorn Partners Gp Fund Ii Limited · Oct 1, 2018 to Mar 26, 2024 Inference
- BAO Fan · Shareholder Of Cr Partners Limited · Jul 1, 2011 to May 14, 2019 Inference
2 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
4 vehicles, 0 LPs disclosed
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Unicorn Partners Fund III, L.P. | Fund | 2019 form d first sale | Mature | $433M Apr 1, 2026 | 75 | $354M | Jan 8, 2020 |
| Unicorn Partners Fund II, L.P. | Fund | 2017 form d first sale | Harvest | $384M Apr 1, 2026 | 54 | $97.9M | Mar 8, 2018 |
| Unicorn Partners Fund I, L.P. | Fund | 2015 form d first sale | Harvest | $222M Apr 1, 2026 | 25 | $64.5M | Oct 2, 2015 |
| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| John D & Catherine T Macarthur Foundation | FOUNDATION | Unicorn Partners Fund I, L.P. | $6.9M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| John D & Catherine T Macarthur Foundation | FOUNDATION | Unicorn Partners Fund II, L.P. | $7.3M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Richard King Mellon Foundation Dtd 01-01-47 | FOUNDATION | Unicorn Partners Fund III, L.P. | $6.0M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
0 co-investors · on 1 other DFX graph
Across DFX and the capital chainon 1 other DFX graph · 2 capital paths ShowHide
- The same institution is held on Allocators, matched by identifier. See which records
Unicorn Capital Partners is the same institution as 1 record in Allocators.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Unicorn Capital Partners sits on 2 traced paths of capital across the graphs.
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
12 dated events, 52 observations from 3 sources
- Mar 26, 2024Yung Fung Teo (Director Of Unicorn Partners Gp Fund Ii Limited) no longer on Schedule A of Unicorn Capital Partners
- May 14, 2019Unicorn Partners Fund III, L.P. first reported on Form ADV by Unicorn Capital Partners (Venture Capital Fund), GAV $115,000,000
- May 14, 2019
- May 14, 2019
- Oct 24, 2018Yuen Yee Jin (Director Of Unicorn Partners Gp Fund Ii Limited) no longer on Schedule A of Unicorn Capital Partners
Address, phone, Form ADV filing and ownersForm ADV filed Apr 1, 2026 · 4 private fundsShowHide
- Headquarters
- George Town, Cayman Islandsadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- unicorn-partners.com
- 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
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $1.2Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- BIG League Ventures Limited (Shareholder Of Unicorn Partners Gp Fund Iii Limited), owns 25% to 50%; Unicorn Dx Advisors Limited (Shareholder Of Unicorn Partner Advisors Limited), owns 75% or more; Grand Eternity Limited (Shareholder Of Unicorn Partners Gp Fund Ii Limited), owns 25% to 50%
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $1.2B across 4 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $1.4B across 4 vehicles
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC exemption claimed | Private fund adviser | Mar 26, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 1, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2024 | Fact | Form ADV |
| First Form ADV filing | 2015-08-05 | Apr 1, 2026 | Fact | Form ADV |
| First Form ADV filing | 2015-08-05 | Mar 26, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-01 | Apr 1, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-26 | Mar 26, 2024 | Fact | Form ADV |
| Venture share of reported funds | 1 | Apr 1, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 26, 2024 | Fact | Form ADV |
| Business phone | Mar 26, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | no URL | |
| Description | Sep 16, 2026 | Fact | no URL | |
| Headquarters | George Town, Cayman Islands | Mar 26, 2024 | Fact | Form ADV |
| Office address | Mar 26, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | no URL |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | no URL |
| Legal form | Other (specify) | Mar 26, 2024 | Fact | Form ADV |
| Private funds reported | 4 | Apr 1, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 26, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.2B | Apr 1, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.4B | Mar 26, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Apr 1, 2026 | Fact | Form ADV |
| Stated geography | Asia, global “geography words on the home page” | Sep 30, 2026 | Fact | no URL |
| Stated geography | Asia, global “geography words on the home page” | Sep 16, 2026 | Fact | no URL |
| Team page | Sep 30, 2026 | Fact | no URL | |
| Team page | Sep 16, 2026 | Fact | no URL | |
| Venture funds reported | 4 | Apr 1, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 26, 2024 | Fact | Form ADV |
| Website | Mar 26, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | no URL | |
| Site title | Sep 16, 2026 | Fact | no URL |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probable · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $1.2B across 4 vehicles
This firm files as 2 advisers on unicorn-partners.com: Unicorn Dx Advisors Limited. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0.63 · funds: 0.33 · people: 1 · investments: 0 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 4 · reported gav: $1.2B · first adv filing: 2015-08-05 · years since first filing: 11.2
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2015-08-05source 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.