Private EquityRIA · CRD 305087SEC-RegisteredPrivate Fund Adviser

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Sky 9 Capital

Sky 9 Capital is an SEC-registered investment adviser in Dallas, TX, registered since 2019. The firm manages approximately $533 million in regulatory assets.

Sky 9 Capital logo

Sky 9 Capital

Sky 9 Capital is an SEC-registered investment adviser in Dallas, TX, registered since 2019. The firm manages approximately $533 million in regulatory assets. It has 14 employees and 12 investment advisers.

General information

Firm type

Private Equity

Year founded

2016

AUM

~$2 billion (Altss estimate)

Location

Region

Asia

Country

China

City

Dallas

Corporate office

Suite 1807, Tower 1, Raffles City Changning 1133 Changning Road, Changning District, Shanghai, China

Additional offices

Singapore · San Francisco, CA, United States

Principals

Ron Cao

Founder and Partner

Wei Hao

Partner

Yu Yuan

Partner

Matthew Tabbiner

Partner

Davy Shen

Partner

Sector focus

AI/MLFinTechEnterprise SoftwareRobotics & AutomationBlockchain / Digital Assets

Frequently asked questions

Who makes investment decisions at Sky 9 Capital?

The firm is led by Founder and Partner Ron Cao, with a partnership group that includes Wei Hao, Yu Yuan, Matthew Tabbiner, and Davy Shen. Investment decisions appear to be made through this partnership structure, supported by a broader investment team of managing directors and venture partners across Shanghai, Singapore, and San Francisco.

What is Sky9 Digital and how does it relate to the main fund?

Sky9 Digital is an internal global strategy focused on the two technology waves the firm considers most transformative this decade: AI and blockchain-enabled financial infrastructure. It functions as a dedicated mandate within the Sky 9 Capital platform, allocating capital to these themes with a focus that the firm positions as more concentrated than a generalist venture fund's sector exposure.

Does Sky 9 Capital invest in both early and growth stages?

Yes. The firm explicitly targets early-stage companies, including seed and formation-phase investments, as well as expansion-stage companies that are scaling teams, products, and operations. The contact page further specifies interest in companies at both early and growth stages.

Which sectors or themes does Sky 9 Capital consider core?

The firm concentrates on two primary domains: artificial intelligence, spanning foundation models, AI infrastructure, embodied AI, and AI for science; and fintech and digital infrastructure, including blockchain-based financial services, cross-border payments, stablecoin settlement, and next-generation decentralized finance. Consumer, enterprise, and emerging technology sectors are also mentioned as areas of interest.

What is the geographic focus of Sky 9 Capital's investment activity?

Sky 9 Capital invests across China, Southeast Asia, and North America. Its office network includes Shanghai, Singapore, and San Francisco, and the firm describes bridging ecosystems between these markets as a core part of its strategy, helping portfolio companies navigate international expansion.

Does Sky 9 Capital have a philanthropic or impact investing arm?

Yes. The firm's operations team includes a Head of Venture Philanthropy and Impact Investment, Faye Lo, indicating a dedicated function for philanthropic and impact-oriented capital deployment that operates alongside the commercial investment platform.

What is the relationship between Sky 9 Capital and other entities named Sky9?

Based on the firm's self-description, the "Sky9" name derives from "Yunjiu," honoring Ron Cao's grandfather. There is no public reference to other entities sharing the Sky9 brand; the platform encompasses the main venture funds and the Sky9 Digital strategy under the single Sky 9 Capital umbrella.

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