{ "crd_number": 293073, "slug": "dc-global-ventures-menlo-park-ca-293073", "primary_business_name": "DC GLOBAL VENTURES", "legal_name": "DECHENG CAPITAL LLC", "dbas": [], "city": "Menlo Park", "state": "CA", "country": "United States", "cbsa_code": "41860", "metro": { "cbsa_code": "41860", "common_name": "San Francisco", "msa_name": "San Francisco-Oakland-Fremont, CA", "path": "/advisors/ca/san-francisco" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2020-04-30", "years_registered": 6, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 2728192342.0, "raum_discretionary": 2728192342.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 23, "advisory_employees": 13, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 2728192342.0, "count": 10 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "NY" ], "websites": [ "https://decheng.com", "https://linkedin.com/company/decheng-capital-" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/293073", "city_as_filed": "MENLO PARK", "url": "https://advisorcensus.com/firm/dc-global-ventures-menlo-park-ca-293073", "display_name": "DC Global Ventures", "summary": "DC Global Ventures is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. DC Global Ventures (CRD 293073): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is DC Global Ventures compensated?", "a": "On its Form ADV (Item 5.E, October 2026), DC Global Ventures reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is DC Global Ventures located?", "a": "DC Global Ventures' principal office is in Menlo Park, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is DC Global Ventures registered with the SEC or a state?", "a": "DC Global Ventures is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 293073." }, { "q": "How much does DC Global Ventures manage?", "a": "DC Global Ventures reports $2,728,192,342 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have DC Global Ventures' assets and staff changed since 2021?", "a": "In the Form ADV data for DC Global Ventures: Regulatory assets under management: $1,668,010,129 in the October 2021 data and $2,728,192,342 in the October 2026 data, up 64%. Total employees: 18 in October 2021 and 23 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does DC Global Ventures serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10)." }, { "q": "Does DC Global Ventures report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/293073" }, { "q": "Does DC Global Ventures state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"As disclosed in other areas of this Brochure, investment in the Funds is only available to Qualified Purchasers and the minimum initial commitment is $5 million.\"" }, { "q": "What changed in DC Global Ventures' recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 14 to 13. Regulatory assets under management went from $2,148,573,309 to $2,728,192,342 (+27%). Changed its office addresses in Shanghai." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1668010129.0, "total_employees": 18, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2209685789.0, "total_employees": 16, "filing_date": "2022-03-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1802579659.0, "total_employees": 18, "filing_date": "2023-05-15" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1977628753.0, "total_employees": 21, "filing_date": "2024-08-14" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2148573309.0, "total_employees": 24, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2728192342.0, "total_employees": 23, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 14 to 13.", "Regulatory assets under management went from $2,148,573,309 to $2,728,192,342 (+27%).", "Changed its office addresses in Shanghai." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$5,000,000", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $5,000,000" ], "quotes": [ "As disclosed in other areas of this Brochure, investment in the Funds is only available to Qualified Purchasers and the minimum initial commitment is $5 million." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 5000000.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "As disclosed in other areas of this Brochure, investment in the Funds is only available to Qualified Purchasers and the minimum initial commitment is $5 million." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/dc-global-ventures-menlo-park-ca-293073.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 10, "fewer_than_5": false, "raum": 2728192342.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/293073", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }