GGV Capital VII L.P.
GGV Capital and Granite Asia) · adviser of record: GGV Capital LLC · 2018 vintage
GGV Capital VII L.P. is a 2018 venture fund managed by GGV Capital and Granite Asia), with $1.88bn raised (Form D, amount sold). It reported $1.21bn in gross assets at year-end 2024, 0.64x its size, against a peak of $1.57bn in 2021.
- Latest value held
- $1.21bn year-end 2024
- Peak
- $1.57bn year-end 2021
- Fund size
- $1.88bn Form D, amount sold
- Held vs. size
- 0.64x peak 0.84x
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 | $1.21bn | 0.64x | +0% |
| 2023 | $1.21bn | 0.64x | -17% |
| 2022 | $1.45bn | 0.77x | -8% |
| 2021 | $1.57bn | 0.84x | +50% |
| 2020 | $1.05bn | 0.56x | +211% |
| 2019 | $337mm | 0.18x | – |
| 2018 | $0k | 0.00x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Oregon PERS | 2025-12-31 | $64mm | 0.05x | 1.08x | 1.03x |
| CalSTRS | 2025-06-30 | $48mm | 0.05x | 1.11x | 1.05x |
| University of California | 2021-06-30 | $44mm | 0.00x | 1.48x | 1.48x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| NB Crossroads Private Markets Fund V Holdings LP | 2026-06-30 | $3.7mm | 1.03x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
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 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
- GGV Capital Select L.P. 2015
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 805-3421129038. Data updated October 13, 2026.
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