Vision Plus Capital
Vision Plus Capital last closed a fund in September 2022 — 50 months ago. By its own rhythm, that is already past its usual gap.
Vision Plus Capital has raised 3 times about every 31 months. The last was Vision Plus Capital Fund IV, L.P. That pointed to Apr 2025. It is 19 months past its own gap and has not filed a new fund.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
- Funds on file
- 5
- Capital raised
- $518M
- Latest close
- September 2022
- Based in
- non-US
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Vision Plus Capital Fund IV, L.P. | September 2022 | $238M | 0001936281 ↗ |
| Vision Plus Capital Growth Fund II, L.P. | September 2022 | $169M | 0001936282 ↗ |
| Vision Plus Capital Growth Fund I, L.P. | February 2020 | $38M | 0001803943 ↗ |
| Vision Plus Capital Fund III, L.P. | February 2020 | $36M | 0001803961 ↗ |
| Vision Plus Capital Fund II, L.P. | June 2017 | $38M | 0001730545 ↗ |
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
Yiran Liu, Danting Wang, Qi Wang, Yongming Wu, Derek Candy
What Vision Plus Capital invests in
- Typical fund
- $38M median, seed to early stage
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.