Sherpa
Sherpa last closed a fund in May 2021 — 66 months ago.
2 funds on record — a rhythm needs three. No month is guessed; the filing will say.
No recent fund This firm has filed no new fund in over five years, so it either stopped raising or raises in a way Form D never sees.
- Funds on file
- 3
- Capital raised
- $237M+
- Latest close
- May 2021
- Based in
- CA, non-US
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| SHERPA HEALTHCARE FUND II, L.P. | May 2021 | not stated | 0001862953 ↗ |
| SHERPA HEALTHCARE FUND I, L.P. | April 2019 | $87M | 0001773697 ↗ |
| Sherpa Ventures Fund, LP | — | $150M | 0001580437 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Daqing Cai, Xiangyu Ouyang
What Sherpa invests in
- Typical fund
- $150M median, early stage, Series A-B scale
- Website
- en.sherpahp.com
Service providers
- Fund administrator
- Langham Hall (2 funds), Standish (1 fund)
- Auditor
- PwC (2 funds), BDO (1 fund)
From Form ADV filed by ACME, LLC CRD 168736 ↗, latest filing March 2026, covering 3 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.