SBCVC AI Fund. L.P.
SB China Venture Capital · adviser of record: SBCVC Holdings Limited · 2020 vintage
SBCVC AI Fund. L.P. is a 2020 venture fund managed by SB China Venture Capital, with $152mm raised (Form D, amount sold). It reported $173mm in gross assets at year-end 2023, 1.14x its size, its highest reported value.
- Latest value held
- $173mm year-end 2023
- Peak
- $173mm year-end 2023
- Fund size
- $152mm Form D, amount sold
- Held vs. size
- 1.14x peak 1.14x
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 |
|---|---|---|---|
| 2023 | $173mm | 1.14x | +9% |
| 2022 | $159mm | 1.05x | +57% |
| 2021 | $101mm | 0.66x | +182% |
| 2020 | $35.8mm | 0.24x | – |
Other funds from SB China Venture Capital
- SBCVC Fund VI, L.P. 2018
- SBCVC Fund V, L.P. 2014
- SBCVC Fund IV, L.P. 2011
- SBCVC Fund III, L.P. 2011
- SBCVC Fund II, L.P. 2011
- SBCVC Fund II-Annex, L.P. 2011
All SB China 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 805-9933692583. Data updated October 13, 2026.
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