Morningside China TMT Top Up Fund, L.P
Morningside Venture Capital · adviser of record: Morningside Venture Capital Limited · 2014 vintage
Morningside China TMT Top Up Fund, L.P is a 2014 venture fund managed by Morningside Venture Capital, with $50.9mm raised (Form D, amount sold). It reported $27.9mm in gross assets at year-end 2025, 0.55x its size, against a peak of $600mm in 2015.
- Latest value held
- $27.9mm year-end 2025
- Peak
- $600mm year-end 2015
- Fund size
- $50.9mm Form D, amount sold
- Held vs. size
- 0.55x peak 11.79x
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 |
|---|---|---|---|
| 2025 | $27.9mm | 0.55x | -65% over 2 yrs |
| 2023 | $79mm | 1.55x | +0% |
| 2022 | $79mm | 1.55x | -59% |
| 2021 | $191mm | 3.75x | -44% |
| 2020 | $343mm | 6.73x | +111% |
| 2019 | $162mm | 3.18x | -14% |
| 2018 | $188mm | 3.70x | +68% |
| 2017 | $112mm | 2.20x | -81% |
| 2016 | $600mm | 11.79x | +0% |
| 2015 | $600mm | 11.79x | – |
Other funds from Morningside Venture Capital
- MSVC SPF II, L.P. 2018
- MSVC SPF I, L.P. 2018
- Morningside China TMT Fund IV, L.P 2015
- Morningside China TMT Special Opportunity Fund II, L.P. 2015
- Morningside China TMT Fund IV CO-Investment, L.P. 2015
- Morningside China TMT Special Opportunity Fund, L.P. 2014
- Morningside China TMT Fund III, L.P. 2014
- Morningside China TMT Fund III CO-Investment, L.P. 2014
- Morningside China TMT Fund I, L.P. 2011
- Morningside China TMT Fund II, L.P. 2011
All Morningside Venture Capital 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 805-9300682491. Data updated October 13, 2026.
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