Hillhouse Venture Fund V, L.P.
Hillhouse · adviser of record: Hillhouse Investment Management, LTD. · 2020 vintage
Hillhouse Venture Fund V, L.P. is a 2020 venture fund managed by Hillhouse. It reported $1.78bn in gross assets at year-end 2025, against a peak of $1.93bn in 2023.
- Latest value held
- $1.78bn year-end 2025
- Peak
- $1.93bn year-end 2023
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $1.78bn | – | -8% over 2 yrs |
| 2023 | $1.93bn | – | +2% |
| 2022 | $1.9bn | – | +9% |
| 2021 | $1.75bn | – | +16% |
| 2020 | $1.51bn | – | – |
Other funds from Hillhouse
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 805-9423839281. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.