GGV Capital Select L.P.
GGV Capital and Granite Asia) · adviser of record: GGV Capital LLC · 2015 vintage
GGV Capital Select L.P. is a 2015 venture fund managed by GGV Capital and Granite Asia), with $450mm raised (Form D, amount sold). It reported $342mm in gross assets at year-end 2024, 0.76x its size, against a peak of $945mm in 2021.
- Latest value held
- $342mm year-end 2024
- Peak
- $945mm year-end 2021
- Fund size
- $450mm Form D, amount sold
- Held vs. size
- 0.76x peak 2.10x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2024 | $342mm | 0.76x | +0% |
| 2023 | $342mm | 0.76x | -20% |
| 2022 | $425mm | 0.94x | -55% |
| 2021 | $945mm | 2.10x | +9% |
| 2020 | $866mm | 1.92x | +55% |
| 2019 | $559mm | 1.24x | +16% |
| 2018 | $481mm | 1.07x | +56% |
| 2017 | $308mm | 0.68x | +67% |
| 2016 | $185mm | 0.41x | +126% |
| 2015 | $81.8mm | 0.18x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Oregon PERS | 2025-12-31 | $50mm | 0.95x | 1.23x | 0.28x |
| CalSTRS | 2025-06-30 | $50mm | 0.95x | 1.20x | 0.25x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from GGV Capital and Granite Asia)
- GGV Discovery IV-Asia, L.P. 2023
- GGV Discovery IV Sail-Asia, L.P. 2023
- GGV Discovery IV Kohl-Asia, L.P. 2023
- GGV Capital VIII L.P. 2020
- GGV Discovery III, L.P. 2020
- GGV Capital VIII Plus L.P. 2020
- GGV Capital VII L.P. 2018
- GGV Discovery II, L.P. 2018
- GGV Capital VII Plus L.P. 2018
- GGV Capital VI L.P. 2016
- GGV Capital VI Plus L.P. 2016
- GGV Discovery I, L.P. 2016
All GGV Capital and Granite Asia) funds
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-8360637958. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.