DFX Intelligence
Kpcb China Fund, L.P.
Fundmanaged by Kpcb China
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
5 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -20%reported GAV
Reported gross assets fell from $416M to $334M between the Form ADV filings of 29 Mar 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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
- unknownwhat may be sold, not what was raised; file 021-103300, sworn by the adviser or filed under this vehicle
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $334Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 73
- Reported on ADV
- Mar 29, 2012 to Mar 31, 2026
Fundraising evidence
What counts as raisingA 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.Unknown
no Form D or close on record (fr-1)
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 31, 2026vintage basis: n/aform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
15 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2012 | Venture Capital Fund | $411M | 50 | 12% | yes | ||
| Apr 1, 2013 | Venture Capital Fund | $393M | 50 | 12% | yes | ||
| Mar 25, 2014 | Venture Capital Fund | $369M | 50 | 12% | yes | ||
| Mar 27, 2015 | Venture Capital Fund | $463M | 50 | 12% | yes | ||
| Apr 1, 2015 | Venture Capital Fund | $463M | 50 | 12% | yes | ||
| Mar 29, 2016 | Venture Capital Fund | $532M | 50 | 12% | yes | ||
| Mar 29, 2017 | Venture Capital Fund | $601M | 50 | 12% | yes | ||
| Mar 29, 2018 | Venture Capital Fund | $1.0B | 75 | 4% | yes | ||
| Mar 27, 2019 | Venture Capital Fund | $493M | 75 | 5% | yes | ||
| Mar 27, 2020 | Venture Capital Fund | $557M | 75 | 5% | yes | ||
| Mar 31, 2021 | Venture Capital Fund | $408M | 86 | 5% | yes | ||
| Apr 1, 2022 | Venture Capital Fund | $483M | 75 | 5% | yes | ||
| Mar 31, 2023 | Venture Capital Fund | $430M | 75 | 5% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $416M | 75 | 5% | yes | ||
| Mar 31, 2026 | Venture Capital Fund | $334M | 73 | 6% |
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
8 named on Form ADV Schedule D and Form D
- AuditorKPMG · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianYUANTA SECURITIES CO., LTD. · TAIPEI CITY, Taiwan, Republic of ChinaForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBNP PARIBAS SECURITIES (ASIA) LIMITED · HONG KONG, ChinaForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach 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).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
2 events
- Apr 1, 2022Auditor changed: KPMG replaced PwC, first reported on the Form ADV filed April 1, 2022 (previous filing March 31, 2021)Auditor changed Fact Form ADV
- Mar 29, 2012Fund 8099 first reported on Form ADV by Kpcb China (Venture Capital Fund), GAV $410,671,328Fund first reported on Form ADV Fact Form ADV
Evidence
0 observations
Every observation on this vehicle
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Kpcb China Fund, L.P. is the same institution as 2 records in RIA and Wealth and Family Offices.
RIA and Wealth1Family Offices1
DFX found 2 relationships across 2 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.
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