{ "crd_number": 159868, "slug": "vivo-capital-llc-palo-alto-ca-159868", "primary_business_name": "VIVO CAPITAL, LLC", "legal_name": "VIVO CAPITAL LLC", "dbas": [], "city": "Palo Alto", "state": "CA", "country": "United States", "cbsa_code": "41940", "metro": { "cbsa_code": "41940", "common_name": "San Jose", "msa_name": "San Jose-Sunnyvale-Santa Clara, CA", "path": "/advisors/ca/san-jose" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-06-18", "years_registered": 12, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 6095582206.0, "raum_discretionary": 6095582206.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 62, "advisory_employees": 32, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 6095582206.0, "count": 16 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA" ], "websites": [ "https://facebook.com/VivoPaloAlto", "https://instagram.com/vivo.capital", "https://linkedin.com/company/vivo-capital", "https://twitter.com/VivoCapitalLLC", "https://vivocapital.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159868", "city_as_filed": "PALO ALTO", "url": "https://advisorcensus.com/firm/vivo-capital-llc-palo-alto-ca-159868", "display_name": "Vivo Capital, LLC", "summary": "Vivo Capital, LLC is an SEC-registered investment advisory firm in Palo Alto, CA, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Vivo Capital, LLC (CRD 159868): 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 Vivo Capital, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Vivo Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Vivo Capital, LLC located?", "a": "Vivo Capital, LLC's principal office is in Palo Alto, CA, according to its Form ADV; the April 2026 filing also lists 5 other offices (Schedule D, Section 1.F)." }, { "q": "Is Vivo Capital, LLC registered with the SEC or a state?", "a": "Vivo Capital, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 159868." }, { "q": "How much does Vivo Capital, LLC manage?", "a": "Vivo Capital, LLC reports $6,095,582,206 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Vivo Capital, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Vivo Capital, LLC: Regulatory assets under management: $5,826,293,632 in the October 2021 data and $6,095,582,206 in the October 2026 data, up 5%. Total employees: 53 in October 2021 and 62 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Vivo Capital, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16)." }, { "q": "Does Vivo Capital, LLC 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/159868" }, { "q": "What changed in Vivo Capital, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 39 to 32. Regulatory assets under management went from $5,319,933,012 to $6,095,582,206 (+15%). Changed its office addresses in Singapore. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 5826293632.0, "total_employees": 53, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 6464985476.0, "total_employees": 62, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 5418240993.0, "total_employees": 73, "filing_date": "2023-04-28" }, { "period": "2024-10-01", "regulatory_assets_under_management": 5809839447.0, "total_employees": 72, "filing_date": "2024-09-19" }, { "period": "2025-10-01", "regulatory_assets_under_management": 5319933012.0, "total_employees": 67, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 6095582206.0, "total_employees": 62, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 39 to 32.", "Regulatory assets under management went from $5,319,933,012 to $6,095,582,206 (+15%).", "Changed its office addresses in Singapore.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/vivo-capital-llc-palo-alto-ca-159868.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 16, "fewer_than_5": false, "raum": 6095582206.0 } ], "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/159868", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }