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CGV FoF
CGV FoF is a venture fund-of-funds manager with offices in Menlo Park, Shanghai, Tokyo, Hong Kong, and Auckland, connecting Asian LPs to US VC funds.
CGV FoF
CGV FoF maintains a presence in five cities across the US and Asia-Pacific, with its Menlo Park office anchoring the firm's proximity to the Sand Hill Road venture ecosystem. The firm's founding details and current leadership are not publicly disclosed, reflecting a deliberately low profile consistent with many Asia-linked fund-of-funds operators. The geographic footprint — spanning California, mainland China, Japan, Hong Kong, and New Zealand — suggests a capital formation strategy built on relationships with institutional investors and large family offices across multiple Asian markets where access to premier US venture firms remains constrained by network density and fund minimums. The firm deploys capital almost exclusively through fund commitments to venture capital managers, covering both early-stage funds and select growth-stage vehicles. This fund-of-funds model provides Asian allocators with pooled access to venture firms that rarely accept new limited partners or have high minimum commitment thresholds. The multi-office structure also creates potential for co-investment deal flow and secondary transactions, though the firm's specific deployment history is not publicly documented. The fund-of-funds approach inherently layers an additional fee structure — typically management fees and carried interest at both the CGV FoF level and the underlying fund level — which institutional allocators weigh against the access value provided. Team size and total commitments are not publicly reported. The firm maintains no known separate philanthropic entity or adjacent vehicle. Its presence across five jurisdictions introduces regulatory complexity that likely requires segregated legal structures for different investor pools, though the specific fund domiciles and vehicle types remain undisclosed. No recent operational event within the last 24 months has been publicly reported. The structural differentiator is geographic: CGV FoF is one of a limited number of fund-of-funds managers with physical offices in both Silicon Valley and multiple Asian financial centers. This bilateral presence means the firm sits inside both the GP relationship networks in California and the LP check-writing networks in Shanghai, Tokyo, and Hong Kong simultaneously. For venture capital managers seeking diversified and sticky Asian limited partner bases, a fund-of-funds intermediary with boots on the ground in both regions solves a genuine distribution problem. For Asian allocators, it solves access. The durability of that value proposition depends on whether the underlying venture funds themselves eventually build their own Asia-based investor relations teams, compressing the intermediary's role over time.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Menlo Park
Corporate office
Menlo Park, CA, United States
Additional offices
Shanghai · Tokyo · Hong Kong · Auckland
Frequently asked questions
What is CGV FoF's core business model?
CGV FoF operates as a venture capital fund-of-funds, committing capital to early-stage and growth-stage venture capital managers on behalf of its limited partners. The firm does not make direct investments in startups. Its role is that of an intermediary and access provider, aggregating commitments from Asian institutional investors and family offices and deploying them into US-based VC funds that may be closed to new direct LP relationships.
How does CGV FoF source underlying fund managers?
The firm's Menlo Park office provides physical proximity to the Sand Hill Road venture community, which is the primary origination channel for identifying and evaluating fund managers. This local presence is supplemented by relationships maintained through Asian offices in Shanghai, Tokyo, and Hong Kong. The specific sourcing process is not publicly detailed, but the geographic footprint implies both inbound GP requests and proactive manager research conducted from the US office.
Where is CGV FoF based, and why does its location matter?
CGV FoF lists offices in Menlo Park, Shanghai, Tokyo, Hong Kong, and Auckland. The multi-hub structure is functionally relevant because it places the firm close to both the capital (Asian limited partners) and the product (Silicon Valley general partners). Most venture fund-of-funds are anchored in a single geography. This bilateral footprint is CGV FoF's primary structural differentiator.
Does CGV FoF manage direct investment vehicles or only fund commitments?
The firm's primary mandate is fund-of-funds commitments, not direct startup investing. There is no public record of CGV FoF operating a direct investment vehicle. Fund-of-funds managers in this segment occasionally add co-investment sleeves or secondary purchase capabilities alongside the core fund commitment strategy, but CGV FoF has not disclosed any such structures.
What types of investors commit capital to CGV FoF?
Based on the firm's office locations, its limited partner base is likely composed of Asian institutional investors, large family offices, and potentially sovereign-affiliated entities based in Greater China, Japan, and Southeast Asia. These investors typically use fund-of-funds structures to overcome minimum commitment thresholds and relationship barriers that prevent them from accessing top-quartile US venture funds directly. Specific named investors have not been publicly disclosed.
Is CGV FoF registered with the SEC or other regulatory bodies?
Given its US office in Menlo Park, California, CGV FoF likely maintains a filing with the Securities and Exchange Commission as an investment adviser, though the specific registration status is not confirmed in public records. The firm's operations across five jurisdictions — the US, China, Japan, Hong Kong, and New Zealand — imply a complex regulatory footprint with entity structures in multiple jurisdictions to accommodate different investor domiciles and regulatory regimes.
How does a fund-of-funds fee structure work at CGV FoF compared to direct VC investing?
A fund-of-funds structure adds a layer of fees on top of the underlying venture fund fees. Investors in CGV FoF would typically pay management fees (often 1-2% of committed capital) and carried interest (often 5-10% of profits) at the CGV FoF level, in addition to the standard 2% management fee and 20% carried interest charged by the underlying VC funds in the portfolio. The value proposition for limited partners rests entirely on whether the access to otherwise-closed funds and the manager selection skill justify this double-fee structure over a 24 to 30-year compounded period.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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