# V Fund

V Fund is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Assets under management:** Undisclosed
- **Website:** www.cvfund.cn
- **LinkedIn:** https://www.linkedin.com/company/chinavfund

## About

China V Fund Management, dba V FUND, is a private equity fund based in Beijing. Founded by five former Goldman Sachs bankers, it invests in cross-border M&A, private equity, and private placement opportunities in sectors like TMT and consumer retail. V FUND has made 83 investments, including a Series C investment in DeepRobotics on December 09, 2025.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Healthcare Services
- Digital Health
- Mobility & Transportation
- Robotics & Automation

## Questions

### What investment stages does V Fund target?

V Fund operates across the full company lifecycle, from seed and start-up venture rounds through growth, expansion, and pre-IPO financings. The firm also executes buyout transactions in select situations. This stage-agnostic approach is unusual among Chinese private equity managers and allows V Fund to retain ownership and governance influence as companies mature.

### Which sectors does V Fund focus on?

The firm's investment activity concentrates on enterprise software, artificial intelligence and machine learning, industrial technology and robotics, healthcare services, digital health, and mobility and transportation. These sectors align closely with China's stated industrial policy priorities in advanced manufacturing and domestic technology self-sufficiency.

### How does V Fund source investment opportunities?

V Fund sources deals primarily through its domestic networks in Beijing, Shanghai, and Shenzhen, leveraging relationships with entrepreneurs, state-affiliated industrial planners, and the domestic venture ecosystem. As a multi-stage manager, the firm also generates proprietary deal flow through its existing portfolio — early-stage companies that demonstrate traction often receive follow-on capital from the firm's growth-stage vehicles before formally marketing to external later-stage investors.

### Does V Fund commit to external funds or only direct deals?

V Fund's investment activity is structured around direct equity investments into portfolio companies rather than fund-of-funds commitments or external manager allocations. The firm takes board seats and governance roles in select positions, operating as a principal investor.

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Last updated: 2026-06-03T20:00:00.000Z

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