Qiming U.S. Healthcare Fund, LP
Qiming Venture Partners USA · adviser of record: Qiming U.S. Ventures Management, LLC · 2016 vintage
Qiming U.S. Healthcare Fund, LP is a 2016 venture fund managed by Qiming Venture Partners USA, with $125mm raised (Form D, amount sold). It reported $80.8mm in gross assets at year-end 2025, 0.65x its size, against a peak of $216mm in 2020.
- Latest value held
- $80.8mm year-end 2025
- Peak
- $216mm year-end 2020
- Fund size
- $125mm Form D, amount sold
- Held vs. size
- 0.65x peak 1.73x
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 | $80.8mm | 0.65x | +22% over 2 yrs |
| 2023 | $66.5mm | 0.53x | -9% |
| 2022 | $72.7mm | 0.58x | -54% |
| 2021 | $159mm | 1.27x | -26% |
| 2020 | $216mm | 1.73x | +119% |
| 2019 | $98.5mm | 0.79x | -22% |
| 2018 | $126mm | 1.01x | +55% |
| 2017 | $80.9mm | 0.65x | +10% |
| 2016 | $73.6mm | 0.59x | – |
Other funds from Qiming Venture Partners USA
All Qiming Venture Partners USA 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 805-1585023196. Data updated October 13, 2026.
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