Sinovation Fund IV, L.P.
Sinovation Ventures · adviser of record: New Information Limited · 2018 vintage
Sinovation Fund IV, L.P. is a 2018 venture fund managed by Sinovation Ventures, with $500mm raised (Form D, amount sold). It reported $612mm in gross assets at year-end 2025, 1.22x its size, against a peak of $688mm in 2022.
- Latest value held
- $612mm year-end 2025
- Peak
- $688mm year-end 2022
- Fund size
- $500mm Form D, amount sold
- Held vs. size
- 1.22x peak 1.38x
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 | $612mm | 1.22x | +2% over 2 yrs |
| 2023 | $599mm | 1.20x | -13% |
| 2022 | $688mm | 1.38x | +0% |
| 2021 | $686mm | 1.37x | +116% |
| 2020 | $318mm | 0.64x | +120% |
| 2019 | $144mm | 0.29x | +7% |
| 2018 | $135mm | 0.27x | – |
Other funds from Sinovation Ventures
- Sinovation Disrupt Fund, L.P. 2020
- Innovation Works Development Fund II, L.P. 2014
- Sinovation Fund III LP 2012
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 805-7842479895. Data updated October 13, 2026.
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