# Vivo Capital, LLC

> 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.

- CRD: 159868
- Filed as: VIVO CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Palo Alto, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159868
- AdvisorCensus page: https://advisorcensus.com/firm/vivo-capital-llc-palo-alto-ca-159868

## Quick answers

**How is Vivo Capital, LLC compensated?**
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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Vivo Capital, LLC located?**
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).

**Is Vivo Capital, LLC registered with the SEC or a state?**
Vivo Capital, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 159868.

**How much does Vivo Capital, LLC manage?**
Vivo Capital, LLC reports $6,095,582,206 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Vivo Capital, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Vivo Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16).

**Does Vivo Capital, LLC 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/159868

**What changed in Vivo Capital, LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $6,095,582,206
- Discretionary: $6,095,582,206
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $6,095,582,206 |

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

### Firm details
- Registered since: 2014 (12 years)
- Employees: 62 total, 32 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- 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
- Beijing
- Central, Hong Kong
- Shanghai
- Singapore
- Taipei

### Websites listed on Form ADV (Item 1.I)
- vivocapital.com
- Facebook @VivoPaloAlto
- Instagram @vivo.capital
- LinkedIn @vivo-capital
- X @VivoCapitalLLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,826,293,632 | 53 | March 31, 2021 |
| October 2022 | $6,464,985,476 | 62 | March 31, 2022 |
| October 2023 | $5,418,240,993 | 73 | April 28, 2023 |
| October 2024 | $5,809,839,447 | 72 | September 19, 2024 |
| October 2025 | $5,319,933,012 | 67 | March 31, 2025 |
| October 2026 | $6,095,582,206 | 62 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Vivo Capital, LLC (CRD 159868): Form ADV filing data as of October 2026.