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.

Funds / Vivo Capital Fund Ix, L.P.

Vivo Capital Fund Ix, L.P.

HarvestClosed to new capitalFundADV: Private Equity FundVivo Capital, LLCCalifornia
Amounts, each with its basis
Vintage
2018basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$1.4Bwhat may be sold, not what was raised; file 021-319413, sworn by the adviser or filed under this vehicle
Form D sold
$1.4Bas of the filing of Oct 30, 2019, 44 investors
First sale
Aug 20, 2018
Reported GAV
$2.6Bon the Form ADV filed Sep 19, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
46
Reported on ADV
Mar 29, 2019 to Sep 19, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2019-10-30: the stated $1.4bn offering reported fully sold (fr-1)
evidence dated Oct 30, 2019. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Harvest
vintage over 7 years, still reported
age years: 8first sale: 2018-08-20vintage year: $2,018adv gav as of: 2024-09-19vintage basis: form_d_first_saleform d sold usd: $1.4Bform d offering usd: $1.4Bform d latest filed at: 2019-10-30
The fund's own reporting through time
14 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2019Venture Capital Fund$879M
29$25.0M2%yes
Nov 22, 2019Private Equity Fund$879M
29$25.0M2%yes
Mar 27, 2020Private Equity Fund$1.6B
44$25.0M3%yes
Aug 31, 2020Private Equity Fund$1.6B
44$25.0M3%yes
Sep 9, 2020Private Equity Fund$1.6B
44$25.0M3%yes
Nov 4, 2020Private Equity Fund$1.6B
44$25.0M3%yes
Jan 29, 2021Private Equity Fund$1.6B
44$25.0M3%yes
Mar 31, 2021Private Equity Fund$2.5B
44$25.0M3%yes
Mar 31, 2022Private Equity Fund$3.7B
44$25.0M3%yes
Mar 31, 2023Private Equity Fund$2.8B
44$25.0M3%yes
Apr 3, 2023Private Equity Fund$2.8B
44$25.0M3%yes
Apr 28, 2023Private Equity Fund$2.8B
44$25.0M3%yes
Mar 28, 2024Private Equity Fund$2.6B
46$25.0M3%yes
Sep 19, 2024Private Equity Fund$2.6B
46$25.0M3%yes
Principals and agents
6 principals on Form D, 5 placement agents
  • Chen Yu Director
  • Albert Cha Director
  • Edgar Engleman Director
  • Frank Kung Director
  • Vivo Capital IX, LLC Promoter
  • Shan Fu Director
  • Probitas Funds Group, LLC placement agent
  • China Concept Consulting Ltd. placement agent
  • Gold Eagle Enterprises Limited placement agent
  • Goldman Sachs & Co. LLC placement agent
  • XT Capital Partners, LLC placement agent
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
California State Teachers' Retirement System calstrs.com2018$100M$107M$74.8M$110M18.8%1.7xJun 30, 2025

Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).

Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
9 events
  1. Jun 30, 2025
    CalSTRS reports Vivo Capital Fund IX, L.P.: $100,000,000 committed, vintage 2018, net IRR 18.8%, 1.73x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Jun 30, 2025
    CalSTRS reports Vivo Capital Fund IX, L.P.: $100,000,000 committed, vintage 2018, net IRR 18.8%, 1.73x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Oct 30, 2019
    Vivo Capital Fund IX, L.P. filed Form D/A: $1,401,787,761 sold of $1,401,787,761, Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Aug 12, 2019
    Vivo Capital Fund IX, L.P. filed Form D/A: $1,304,978,261 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  5. Jun 3, 2019
    Vivo Capital Fund IX, L.P. filed Form D/A: $1,280,978,261 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  6. Mar 29, 2019
    Vivo Capital Fund Ix, L.P. first reported on Form ADV by Vivo Capital, LLC (Venture Capital Fund), GAV $879,107,034
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Jan 23, 2019
    Vivo Capital Fund IX, L.P. filed Form D/A: $863,978,261 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  8. Dec 6, 2018
    Vivo Capital Fund IX, L.P. filed Form D/A: $863,978,261 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  9. Aug 16, 2018
    Vivo Capital Fund IX, L.P. filed Form D: no sales yet (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
119 observations
Every observation on this vehicle