Vivo Panda Fund, LP
Vivo Ventures · adviser of record: Vivo Ventures, LLC · 2015 vintage
Vivo Panda Fund, LP is a 2015 venture fund managed by Vivo Ventures, with $100mm raised (Form D, amount sold). It reported $51.4mm in gross assets at year-end 2025, 0.51x its size, against a peak of $134mm in 2020.
- Latest value held
- $51.4mm year-end 2025
- Peak
- $134mm year-end 2020
- Fund size
- $100mm Form D, amount sold
- Held vs. size
- 0.51x peak 1.34x
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 | $51.4mm | 0.51x | -16% |
| 2024 archived filing | $61.1mm | 0.61x | -18% |
| 2023 | $74.7mm | 0.74x | -10% |
| 2022 | $82.8mm | 0.83x | -24% |
| 2021 | $109mm | 1.09x | -18% |
| 2020 | $134mm | 1.34x | +12% |
| 2019 | $119mm | 1.19x | +8% |
| 2018 | $111mm | 1.11x | +13% |
| 2017 | $97.9mm | 0.98x | -1% |
| 2016 | $98.8mm | 0.99x | -1% |
| 2015 | $100mm | 1.00x | – |
Other funds from Vivo Ventures
- Vivo Innovation Fund II, L.P. 2020
- Vivo Super VIII Limited 2018
- Vivo Ventures Fund VII, LP 2011
- Vivo Ventures Fund VI, LP 2011
- Vivo Ventures Fund V, LP 2011
- Biotechnology Development Fund IV, LP 2011
- Biotechnology Development Fund II, LP 2011
- Bioasia Crossover Fund, LP 2011
- Biotechnology Development Fund, LP 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 805-2485363050. Data updated October 13, 2026.
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