Form D · Venture Capital Fund

ShangBay Capital, LLC

Palo Alto, CA · CIK 0001650380

Offering snapshot reported Aug 10, 2015 · SEC filing

Reported sold: $5M
Investors reported: 1
Minimum accepted: $0
First sale: Jul 24, 2015

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 10, 2015	Initial	$5,000,000	No comparison	1	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-245402

Source: Form D, filed Aug 10, 2015. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

SHANGBAY CAPITAL, LLC

Investment adviser: SHANGBAY CAPITAL MANAGEMENT COMPANY, LLC

Gross asset value: $30M
Beneficial owners: 20
ADV minimum commitment: $100K

Reported in Form ADV on May 4, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator LASKEY COSTELLO, LLC LAKEWOOD, Ohio, United States Investor statements: No (provided to no investors) Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: No
Administrator other than the adviser: Yes
External marketing: No

Filing source

Form ADV 2101762 · May 4, 2026 · Schedule D 7.B.(1), fund 805-5716876431

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
ShangBay Capital, LLC (this fund)	Aug 10, 2015	$5,000,000	1
Shangbay Capital II, LLC	Jan 25, 2019	$34,900,000	7
ShangBay Capital III, LLC	Apr 13, 2021	$48,180,000	Not reported

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
William Dai	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

530 Lytton Avenue, 2 Nd Floor
Palo Alto, CA, 94301