Yun Qi Partners
Yun Qi Partners last closed a fund in October 2022 — 49 months ago. By its own rhythm, that is already past its usual gap.
Yun Qi Partners has raised 3 times about every 27 months. The last was Yun Qi Partners IV, L.P. That pointed to Jan 2025. It is 22 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
- 4
- Capital raised
- $765M
- Latest close
- October 2022
- Based in
- non-US
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Yun Qi Partners IV, L.P. | October 2022 | $350M | 0001951119 ↗ |
| Yun Qi Partners III-A, L.P. | September 2020 | $30M | 0001822429 ↗ |
| Yun Qi Partners III, L.P. | August 2020 | $275M | 0001822037 ↗ |
| Yun Qi Partners II, L.P. | April 2018 | $110M | 0001738285 ↗ |
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
Yi Ng, Michael Mao
What Yun Qi Partners invests in
- Typical fund
- $275M median, multistage
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.