Form D · Private Equity Fund

Vivo Capital Fund X, L.P.

Palo Alto, CA · CIK 0001938049

Offering snapshot reported Jan 20, 2026 · SEC filing

Reported sold: $717M
Investors reported: 20
Minimum accepted: $0
First sale: Jul 31, 2023

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$707,000,000 → $717,000,000
Reported investors19 → 20

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 20, 2026	Amendment	$717,000,000	$10,000,000vs Jan 8, 2025	20	SEC filing
Jan 8, 2025	Amendment	$707,000,000	No comparison	19	SEC filing
Jul 28, 2023	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $100K
Finders' fees: $0
Form D file number: 021-488238

Placement agent fees are to be paid on an established fee arrangement.

Sales compensation recipients

Scroll to see all columns →

Recipient	CRD	Associated broker-dealer
Avenue Alternatives Pte. Ltd.	None

Source: Form D, filed Jan 20, 2026. 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

VIVO CAPITAL FUND X, L.P.

Investment adviser: VIVO CAPITAL LLC

Gross asset value: $755M
Beneficial owners: 21
ADV minimum commitment: $25M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor ERNST & YOUNG LLP SAN FRANCISCO, California, United States

Custodian CITIBANK, N.A. SIOUX FALLS, North Dakota, United States Related to adviser: No

Custodian SILICON VALLEY BANK, A DIVISION OF FIRST CITIZENS BANK SANTA CLARA, California, United States Related to adviser: No

Marketer AVENUE ALTERNATIVE PTD. LTD SINGAPORE, Singapore Related to adviser: No

Provider details

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

ERNST & YOUNG LLP
PCAOB 42

Filing source

Form ADV 2072948 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-3456332460

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

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
Gaurav Aggarwal	Director
Michael Chang	Director
Edgar Engleman	Director
Shan Fu	Director
Frank Kung	Director
David Liu	Director
Hongbo Lu	Director
Jack Nielsen	Director
N/A Vivo Capital X, Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

192 Lytton Avenue
Palo Alto, CA, 94301