GGV Capital

FUNDS

MEDIAN NET IRR

7.1%

MEDIAN TVPI

1.30x

LP SOURCES

FUNDS

FUND	VINTAGE	COMMITMENT	NET IRR	TVPI	DPI	SOURCES
GGV Capital IX	2024	$90M	90.7%	1.73x	0.00x	3 sourcesOregon OPERF LACERS UTIMCO
GGV Discovery IV Asia	2024	$18.8M	—	0.97x	0.00x	Oregon OPERF
GGV Discovery IV US	2024	$18.8M	—	1.06x	0.00x	Oregon OPERF
GGV Capital IX Plus	2023	$22.5M	—	1.78x	0.00x	3 sourcesOregon OPERF LACERS UTIMCO
GGV Capital VIII, LP	2021	$72M	5.6%	1.18x	0.00x	5 sourcesCalSTRS Oregon OPERF MD MSRPS LACERS UTIMCO
GGV Capital VIII Plus, LP	2021	$18M	11.3%	1.34x	0.00x	5 sourcesCalSTRS Oregon OPERF MD MSRPS LACERS UTIMCO
GGV Discovery III, LP	2021	$30M	5.8%	1.18x	0.10x	4 sourcesCalSTRS Oregon OPERF MD MSRPS UTIMCO
GGV Capital VIII Plus, LP GGV Capital	2020	$18M	1.5%	1.04x	0.00x	LACERA
GGV Capital VIII, LP GGV Capital	2020	$72M	0.1%	1.00x	0.00x	LACERA
GGV Discovery III, LP GGV Capital	2020	$30M	8.5%	1.25x	0.10x	LACERA
GGV Capital VII L.P.	2019	$64M	1.9%	1.10x	0.05x	4 sourcesCalSTRS Oregon OPERF MD MSRPS UTIMCO
GGV Capital VII Plus L.P.	2019	$16M	5.2%	1.30x	0.10x	4 sourcesCalSTRS Oregon OPERF MD MSRPS UTIMCO
GGV Discovery II L.P.	2019	$20M	7.1%	1.41x	0.00x	3 sourcesCalSTRS Oregon OPERF MD MSRPS
GGV Capital VI Plus, L.P.	2018	$15M	15.0%	1.86x	1.30x	3 sourcesCalSTRS Oregon OPERF UTIMCO
GGV Capital VII L.P. GGV Capital	2018	$64M	1.9%	1.09x	0.05x	LACERA
GGV Capital VII Plus L.P. GGV Capital	2018	$16M	3.5%	1.18x	0.11x	LACERA
GGV Discovery II L.P. GGV Capital	2018	$20M	9.8%	1.53x	0.00x	LACERA
GGV Capital VI Plus, L.P. GGV Capital	2017	$15M	14.8%	1.81x	1.30x	LACERA
GGV Capital VI, L.P.	2016	$45M	7.1%	1.54x	0.64x	3 sourcesCalSTRS Oregon OPERF UTIMCO
GGV Capital VI, L.P. GGV Capital	2016	$45M	8.3%	1.61x	0.61x	LACERA
GGV Discovery I	2016	$20M	2.3%	1.18x	0.07x	Oregon OPERF
GGV Discovery I GGV Capital	2016	$15M	3.1%	1.23x	0.01x	LACERA
GGV Capital Select, L.P	2015	$50M	3.2%	1.23x	0.95x	2 sourcesCalSTRS Oregon OPERF
GGV Capital V L.P.	2014	$50M	24.9%	5.45x	2.92x	3 sourcesCalSTRS Oregon OPERF UTIMCO
GGV Capital V L.P. GGV Capital	2014	$50M	23.4%	4.54x	2.83x	LACERA
GGV Capital IV, L.P. GGV Capital	2012	$50M	8.3%	1.71x	1.66x	LACERA
GGV Capital IV, L.P.	2011	$50M	8.3%	1.71x	1.66x	2 sourcesCalSTRS Oregon OPERF

›3 FUNDS WITH LIMITED DATA

These funds appear in LP disclosures (typically commitment-only records) but lack reported performance metrics. Click any fund to see its underlying reports.

FUND	VINTAGE	COMMITMENT	NET IRR	TVPI	DPI	SOURCES
GGV DISCOVERY FUND I LP	—	—	—	—	—	UTIMCO
GGV DISCOVERY FUND II LP	—	—	—	—	—	UTIMCO
GGV DISCOVERY IV-ASIA LP	—	—	—	—	—	UTIMCO

DATA PROVENANCE

Every figure on this page comes from a public LP disclosure. The following pension systems reported on GGV Capital.

LP SOURCE	LATEST REPORT	REPORTS	DISCLOSURE
Oregon OPERF	Sep 2025	16	VIEW SOURCE ↗
UTIMCO	Aug 2025	13	VIEW SOURCE ↗
CalSTRS	Jun 2025	11	VIEW SOURCE ↗
LACERS	Jun 2025	4	VIEW SOURCE ↗
MD MSRPS	Jun 2025	6	VIEW SOURCE ↗
LACERA	Mar 2025	11	VIEW SOURCE ↗