Shunwei China Internet Fund III, L.P.
Shunwei Capital · adviser of record: Momentum Capital Partners Alpha Advisor Limited · 2015 vintage
Shunwei China Internet Fund III, L.P. is a 2015 venture fund managed by Shunwei Capital, with $500mm raised (Form D, amount sold). It reported $869mm in gross assets at year-end 2025, 1.74x its size, against a peak of $2.1bn in 2021.
- Latest value held
- $869mm year-end 2025
- Peak
- $2.1bn year-end 2021
- Fund size
- $500mm Form D, amount sold
- Held vs. size
- 1.74x peak 4.20x
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 | $869mm | 1.74x | -46% over 2 yrs |
| 2023 | $1.61bn | 3.21x | -5% |
| 2022 | $1.68bn | 3.36x | -20% |
| 2021 | $2.1bn | 4.20x | +16% |
| 2020 | $1.81bn | 3.62x | +102% |
| 2019 | $897mm | 1.79x | +1% |
| 2018 | $888mm | 1.78x | +32% |
| 2017 | $674mm | 1.35x | +10% |
| 2016 | $615mm | 1.23x | +1099% |
| 2015 | $51.3mm | 0.10x | – |
Other funds from Shunwei Capital
- Shunwei China Internet Opportunity Fund II, L.P. 2015
- Shunwei China Internet Fund II, L.P. 2014
- Shunwei China Internet Opportunity Fund, L.P. 2014
- Shunwei China Internet Fund, L.P. 2011
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 805-6093852092. Data updated October 13, 2026.
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