GGV Capital V L.P.

GGV Capital and Granite Asia) · adviser of record: GGV Capital LLC · 2014 vintage

GGV Capital V L.P. is a 2014 venture fund managed by GGV Capital and Granite Asia), with $622mm raised (Form D, amount sold). It reported $1.57bn in gross assets at year-end 2024, 2.53x its size, against a peak of $4.3bn in 2021.

Latest value held

$1.57bn year-end 2024

Peak

$4.3bn year-end 2021

Fund size

$622mm Form D, amount sold

Held vs. size

2.53x peak 6.89x

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

What public pensions report

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 805-1785162743. Data updated October 13, 2026.