# DC Global Ventures

> 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.

- CRD: 293073
- Filed as: DC GLOBAL VENTURES
- Legal name: Decheng Capital LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/293073
- AdvisorCensus page: https://advisorcensus.com/firm/dc-global-ventures-menlo-park-ca-293073

## Quick answers

**How is DC Global Ventures compensated?**
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.

**Where is DC Global Ventures located?**
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).

**Is DC Global Ventures registered with the SEC or a state?**
DC Global Ventures is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 293073.

**How much does DC Global Ventures manage?**
DC Global Ventures reports $2,728,192,342 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have DC Global Ventures' assets and staff changed since 2021?**
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.

**What types of clients does DC Global Ventures serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does DC Global Ventures report any disciplinary disclosures?**
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

**Does DC Global Ventures state an account minimum?**
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."

**What changed in DC Global Ventures' recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $5,000,000

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $2,728,192,342
- Discretionary: $2,728,192,342
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $2,728,192,342 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2020 (6 years)
- Employees: 23 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York City, NY
- Shanghai

### Websites listed on Form ADV (Item 1.I)
- decheng.com
- LinkedIn @decheng-capital-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,668,010,129 | 18 | March 31, 2021 |
| October 2022 | $2,209,685,789 | 16 | March 29, 2022 |
| October 2023 | $1,802,579,659 | 18 | May 15, 2023 |
| October 2024 | $1,977,628,753 | 21 | August 14, 2024 |
| October 2025 | $2,148,573,309 | 24 | March 31, 2025 |
| October 2026 | $2,728,192,342 | 23 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DC Global Ventures (CRD 293073): Form ADV filing data as of October 2026.