9AT: DC GLOBAL VENTURES

other names

DC GLOBAL VENTURES
DECHENG CAPITAL LLC

Adviser Profile

As of Date	03/31/2026
ADV Location	MENLO PARK, CA, United States
Adviser Type - Large advisory firm
Number of Employees	23 10%
of those in investment advisory functions	13 -7%
Registration	SEC, Approved, 04/30/2020
Other registrations (2)	SEC, ERA - Withdrawn, 03/30/2020 California, ERA - Withdrawn, 03/30/2020
Former registrations	DECHENG CAPITAL LLC

AUM^*	2,728,192,342 38%
of that, discretionary	2,728,192,342 38%
Private Fund GAV^*	2,742,928,656 28%
Avg Account Size	272,819,234 -3%
SMA’s	No
Private Funds	10 3
Contact Info	650 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$228,179,064
Fund TypeVenture Capital Fund	Count7	GAV$2,514,749,592

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser LOGOS GLOBAL MANAGEMENT, L.P.	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund722.2m	Other Fund-	Total Private Fund GAV3.0b	AUM2.3b	#Funds9
Adviser COINFUND MANAGEMENT LLC	Hedge Fund187.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.4b	Other Fund28.8m	Total Private Fund GAV3.0b	AUM932.5m	#Funds36
Adviser RA CAPITAL MANAGEMENT, LP	Hedge Fund14.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.8b	Other Fund-	Total Private Fund GAV18.2b	AUM16.4b	#Funds14
Adviser MADERA TECHNOLOGY ADVISORS, LLC	Hedge Fund24.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund68.6m	Other Fund-	Total Private Fund GAV162.0m	AUM-	#Funds9
Adviser BULL & BEAR, LP	Hedge Fund52.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund107.7m	Other Fund-	Total Private Fund GAV267.8m	AUM-	#Funds14
Adviser AMITY VENTURES	Hedge Fund43.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.8b	Other Fund200.0m	Total Private Fund GAV3.9b	AUM1.7b	#Funds34
Adviser STANDARD CRYPTO MANAGEMENT LP	Hedge Fund594.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund525.2m	Other Fund-	Total Private Fund GAV1.6b	AUM1.3b	#Funds10
Adviser ALTIMETER CAPITAL MANAGEMENT, LP	Hedge Fund9.6b	Liquidity Fund-	Private Equity Fund135.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund12.4b	Other Fund-	Total Private Fund GAV34.4b	AUM18.8b	#Funds60
Adviser CRCM L.P.	Hedge Fund453.8m	Liquidity Fund-	Private Equity Fund7.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund201.6m	Other Fund71.6m	Total Private Fund GAV936.2m	AUM746.7m	#Funds14
Adviser ADAMS WEALTH ADVISORS	Hedge Fund80.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund4.6m	Securitized Asset Fund-	Venture Capital Fund47.5m	Other Fund-	Total Private Fund GAV179.7m	AUM565.8m	#Funds14

Brochure Summary

Overview

Advisory Business A. Decheng was founded in 2011 and is principally owned by its Managing Member, Xiangmin (“Min”) Cui. Historically, the Firm’s venture-oriented strategy focused on providing capital and strategic support to early stage life science companies with revolutionary technologies and growth stage healthcare companies with strong market presence. Over the years, Decheng has evolved into a stage-agnostic investor, targeting companies of varying maturation – from incubation-phase businesses to publicly-traded issuers. B. Decheng provides investment management services to pooled investment vehicles (each a “Fund” or “Client” and collectively the “Funds” or “Clients”), which are sponsored by affiliates of Decheng that serve as the general partner to the limited partnerships (each a “General Partner” and collectively the “General Partners”). Interests in the Funds are privately offered to qualifying investors pursuant to Regulation D under the Securities Act of 1933, as amended (“Securities Act”), and each Fund qualifies for an exclusion from registration under Section 3(c)(7) of the Investment Company Act of 1940, as amended (“Investment Company Act”). As of the date of this Brochure, the Funds include: ▪ Decheng Capital China Life Sciences USD Fund I, L.P. ▪ Decheng Capital China Life Sciences USD Fund II, L.P. ▪ Decheng

Capital China Life Sciences USD Fund III, L.P. ▪ Decheng Capital Global Life Sciences Fund IV, L.P. ▪ Decheng Global Healthcare Fund (Master), LP The Funds are subject to the investment objectives, terms and conditions outlined in their respective offering documents which depending on the Fund include the summary of principal terms, limited partnership agreement, private placement memorandum, subscription documents and/or investment management agreement. Collectively, these documents are referred to herein as the “Governing Documents.” While Decheng focuses on the strategies discussed throughout the Brochure, the Firm does not necessarily limit the types of investments on which it advises. C. To the extent agreed upon in the Governing Documents, Decheng tailors its investment advisory services to be consistent with each Fund’s investment strategy, return profile, concentration limits, time horizon, liquidity mandates and other related objectives, as defined therein. Underlying investors may not impose restrictions on investing in certain securities or types of securities. D. Decheng does not participate as a sponsor of or portfolio manager to any wrap fee programs. E. As of December 31, 2023, the Firm had approximately $1,977,628,753 in assets under management, all of which was managed on a discretionary basis.

DC GLOBAL VENTURES

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