Decheng Capital
Venture Capital SEC-registered adviser
Legal name: Decheng Capital LLC
AUM
$2.7B
Regulatory AUM
Private funds
8
Venture Capital 7 · Hedge Fund 1
Private fund assets
$2.7B
Gross asset value
Employees
23
Last Form D raise
Oct 2025
Most recent fund filing
From SEC Form ADV filing (filed Mar 31, 2026). View on SEC
Investment focus
As listed in industry directories; may be out of date.
- Geographies
- USAChina
People(1)
Owners and executive officers named on the firm's SEC Form ADV.
X
Funds(8)
Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.
| Fund | Type | Gross assets | Raised (Form D) | Investors | Last Form D | Recency |
|---|---|---|---|---|---|---|
| Decheng Capital Global Healthcare Fund (master), LP | Hedge Fund | $228.2M | $139.0M | 7 | Oct 2025 | Warm |
| Decheng Capital Global Life Sciences Fund V, L.P. | Venture Capital | $449.3M | $452.0M | 42 | Oct 2025 | Cool |
| Decheng Capital Global Life Sciences Fund V-A, L.P. | Venture Capital | $32.9M | $452.0M | 42 | Oct 2025 | Cool |
| Decheng Capital Global Life Sciences Fund V-B, L.P. | Venture Capital | $22.0M | $452.0M | 42 | Oct 2025 | Cool |
| Decheng Capital Global Life Sciences Fund IV, L.P. | Venture Capital | $825.3M | — | — | Dec 2020 | Cold |
| Decheng Capital China Life Sciences Usd Fund III, L.P. | Venture Capital | $625.9M | — | — | Apr 2018 | Cold |
| Decheng Capital China Life Sciences Usd Fund II, L.P. | Venture Capital | $480.6M | — | — | Aug 2015 | Cold |
| Decheng Capital China Life Sciences Usd Fund I, L.P. | Venture Capital | $78.9M | — | — | — |
Board seats(1)
Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.
Regulatory identifiers
- CRD number
- 293073
- SEC file number
- 801-118587
Sources
- SEC Form ADV Oct 14, 2026