Vivo Capital Fund X, L.P. is a private equity fund based in Palo Alto, California. According to its most recent Form D, filed Jan 20, 2026, it has sold $717,000,000 of interests to 20 investors since its first sale in Jul 2023. The filing does not set a minimum investment. 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. Related persons named in the filing include Frank Kung; Shan Fu; Michael Chang.
- Total raised
- $717,000,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Jul 31, 2023
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Frank Kung; Shan Fu; Michael Chang
- Latest Form D
- Jan 20, 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 Vivo Capital Fund X, L.P.
What is the minimum investment for Vivo Capital Fund X, L.P.?
Vivo Capital Fund X, L.P.'s latest Form D, filed Jan 20, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Vivo Capital Fund X, L.P.?
Vivo Capital Fund X, L.P. 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 Vivo Capital Fund X, L.P. raised?
Vivo Capital Fund X, L.P. reports $717,000,000 sold from 20 investors on its Form D filed Jan 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Vivo Capital Fund X, L.P. based?
Vivo Capital Fund X, L.P. is based in Palo Alto, California.
When did Vivo Capital Fund X, L.P. launch?
Vivo Capital Fund X, L.P. reports its first sale in Jul 2023.
Size compared with every private equity fund
Raised more than 97% of the 1,777 private equity funds based in California, and more than 92% of all 9,142 that report sales.