Vivo Capital, LLC
Multi-stage venture firm, based in Palo Alto, California, reporting $6.5B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
27 additional team members, 29 additional co-investors and affiliates, 108 additional investments, funds and LPs, 49 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.
What matters now
- 1 companynew in 12 months
1 new company in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
174 connected entities26 observed rounds8 repeat counterparties2 dated rounds shown here, 2009 to 2014
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.
- Sponsor
- Company
- Capital provider
- 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 Vivo Capital, LLC: 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 Vivo Capital, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
83 companies on record, 1 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Seran Bioscience | portfolio listing | unknown | unknown | unknown | unknown | Sep 29, 2026 | Fact Company website |
| Ossium Health | portfolio listing | lead | unknown | unknown | unknown | Sep 21, 2026 | Fact Company website |
| HCMed Innovations | portfolio listing | unknown | unknown | unknown | unknown | Sep 19, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- Sectors
- healthcare, biotech
- Stages
- not stated or not yet read
- Geography
- global
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
34 current, 4 departed
Decision makers
- Edgar George Engleman · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Frank Fang-Chien Kung · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Gaurav Aggarwal · Managing PartnerWhy this person: Managing partner: runs the firm; 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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner
- Managing Partner
- Managing Partner
4 departed (kept with end dates)
- Albert Cha · Managing Partner · Jun 1, 2005 to Sep 9, 2020 Inference
- Chen Ming Yu · Managing Partner · Jan 1, 2015 to Aug 31, 2020 Inference
- Hongbo (nmn) Lu · Managing Partner · Jan 1, 2021 to Mar 28, 2024 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
15 vehicles, 2 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Vivo Co-Invest (c), L.P. | SPV or co-invest vehicle · ADV: Private Equity Fund | 2024 adv first reported | Early deployment | $150M Mar 31, 2026 | 2 | $0 | Oct 27, 2023 |
| Vivo Opportunity Fund Holdings, L.P. | Opportunity fund · ADV: Other Private Fund | 2023 adv first reported | Active deployment | $2.0B Mar 31, 2026 | 110 | unknown | unknown |
| Vivo Capital Fund X, L.P. | Fund · ADV: Private Equity Fund | 2023 form d first sale | Fundraising | $755M Mar 31, 2026 | 21 | $717M | Jan 20, 2026 |
Limited partners
- 2 commitments to 2 funds · $140M disclosed
- 1 commitment to 1 fund · $100M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | Vivo Capital Fund Ix, L.P. | $100M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | Vivo Opportunity Fund, L.P. | $100M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | Vivo Capital Fund Viii, L.P. | $40.0M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
Relationships across DFX
32 co-investors · on 5 other DFX graphs
Co-investors
- 2026-10-015 shared deals · strong · this firm led 1
- 2026-09-183 shared deals · recurring · this firm led 1
- 2026-10-012 shared deals · recurring
Across DFX and the capital chainon 5 other DFX graphs · 24 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Independent Sponsors (2 records), Private Equity, RIA and Wealth, Allocators, Private Credit, matched by identifier. See which records
Vivo Capital, LLC is the same institution as 6 records in Independent Sponsors, Private Equity, RIA and Wealth, Allocators and Private Credit.
DFX found 6 relationships across 5 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Vivo Capital, LLC sits on 24 traced paths of capital across the graphs.
DFX traced 24 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
54 dated events, 74 observations from 4 sources
Timeline
- Mar 31, 2026Jack Bech Nielsen (Managing Partner) no longer on Schedule A of Vivo Capital, LLC
- Mar 31, 2026Vivo Arrace Fund, L.P. first reported on Form ADV by Vivo Capital, LLC (Private Equity Fund), GAV $321,348,717
- Mar 28, 2024Vivo Co-Invest (c), L.P. first reported on Form ADV by Vivo Capital, LLC (Private Equity Fund), GAV $150,000,000
- Mar 28, 2024Vivo Ventures VI Affiliates Fund, LP no longer reported on Form ADV by Vivo Capital, LLC
- Mar 28, 2024Vivo Capital Fund X, L.P. first reported on Form ADV by Vivo Capital, LLC (Private Equity Fund), GAV $547,959,184
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 16 private fundsShowHide
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- VIVOCAPITAL.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 16 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $6.5Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $6.1Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 62
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 24, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $6.5B
- Sep 23, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $6.5B
- Sep 12, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $6.0B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Sep 19, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-28 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-28 | Sep 19, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | 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 | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-09-19 | Sep 19, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2014-06-18 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Sep 19, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Sep 19, 2024 | Fact | Form ADV | |
| Employees | 62 | Mar 31, 2026 | Fact | Form ADV |
| Employees | 72 | Sep 19, 2024 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Sep 19, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Sep 19, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Other funds reported | 3 | Mar 31, 2026 | Fact | Form ADV |
| PE funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Private funds reported | 16 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 16 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 15 | Sep 19, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $6.5B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $6.5B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $6.0B | Sep 19, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $6.1B | Mar 31, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $5.8B | Sep 19, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 31, 2026 | Fact | Form ADV |
| Stated geography | global “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Healthcare, biotech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Venture funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Sep 19, 2024 | Fact | Form ADV |
| Website | Sep 19, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShowHide
Both early and growth/opportunity families, reported GAV $6.5B
- importance
- gav: 0.85 · funds: 1 · people: 1 · investments: 0.75 · co investors: 0.61
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-04-09
- emerging manager
- fund count: 30 · reported gav: $6.5B · first adv filing: 2012-03-28 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 34.3confidence 90%Why: stage fit; activity; cap table
- score 34.3confidence 90%Why: stage fit; activity; cap table
- score 33.4confidence 100%Why: sector fit; activity; analogous; cap tableWatch: adjacent portfolio
+1 more scored match
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Fund refused2026-09-23
- Adviser's first ADV filing2012-03-28source 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.