DC Global Ventures
Decheng Capital LLC
Menlo Park, CA WWW.DECHENG.COM Registered investment adviser
DC Global Ventures reports 7 venture funds on Form ADV among 8 private funds, with $2.7B in gross private fund assets.
The numbers
| Began raising | Raised |
|---|---|
| 2011 | $123M |
| 2024 | $452M |
Updates from DC Global Ventures
Funds on Form D
Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.
| Fund | Began raising | Target | Raised | Investors | Latest filing |
|---|---|---|---|---|---|
| Decheng Capital Global Life Sciences Fund V, L.P. | 2024 | $700M | $452M | 42 | October 3, 2025 |
| Decheng Capital Global Life Sciences Fund IV, L.P. | 2020 | $650M | — | — | December 15, 2020 |
| Decheng Capital China Life Sciences USD Fund III, L.P. | 2018 | $450M | — | — | April 30, 2018 |
| Decheng Capital China Life Sciences USD Fund II, L.P. | 2015 | $250M | — | — | August 17, 2015 |
| Decheng Capital China Life Sciences USD Fund I, L.P. | 2011 | $125M | $123M | 17 | June 5, 2013 |
LPs on the record
1 private foundation lists on their latest IRS Form 990-PF, and 1 other LP reports holding DC Global Ventures’s funds.
Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Registration
- Legal name
- Decheng Capital LLC
- Status
- Registered investment adviser since April 30, 2020
- CRD number
- 293073
Full Form ADV on the SEC’s Investment Adviser Public Disclosure site
About this data
Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.
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