CIES IP (Parallel I) LPF is a venture capital fund based in Hong Kong Sar, Hong Kong. According to its most recent Form D, filed Sep 11, 2026, it has sold $5,350,318 of interests to 14 investors since its first sale in Jun 2025. The minimum investment it accepts from an outside investor is $382,165. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include CIES (Parallel Fund I) Limited; Wai Yun Vivien Man; Lai Wah Andrew Law.
- Total raised
- $5,350,318Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Jun 30, 2025
- Minimum investment
- $382,165
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- CIES (Parallel Fund I) Limited; Wai Yun Vivien Man; Lai Wah Andrew Law
- Latest Form D
- Sep 11, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about CIES IP (Parallel I) LPF
What is the minimum investment for CIES IP (Parallel I) LPF?
According to its latest Form D, filed Sep 11, 2026, the minimum investment CIES IP (Parallel I) LPF accepts from an outside investor is $382,165.
Who can invest in CIES IP (Parallel I) LPF?
CIES IP (Parallel I) LPF is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has CIES IP (Parallel I) LPF raised?
CIES IP (Parallel I) LPF reports $5,350,318 sold from 14 investors on its Form D filed Sep 11, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is CIES IP (Parallel I) LPF based?
CIES IP (Parallel I) LPF is based in Hong Kong Sar, Hong Kong.
When did CIES IP (Parallel I) LPF launch?
CIES IP (Parallel I) LPF reports its first sale in Jun 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 50% of the 8 venture capital funds based in Hong Kong, and more than 83% of all 15,180 that report sales.