Who can invest with Zhenzhen?
Individuals, family offices, trusts, and corporations that meet the SEC definition of an accredited investor under Rule 501 of Regulation D can participate. Our team will also assess whether a venture investment is suitable for your financial situation and goals. In general, an individual qualifies if they have earned income exceeding $200,000 (or $300,000 with a spouse) in each of the past two years with a reasonable expectation of the same this year, or hold $1M+ in net worth excluding primary residence.
What is the minimum commitment per deal?
The minimum per SPV is $25,000. Our typical LP commitment ranges from $50,000 to $150,000. We recommend investors build a diversified book across multiple SPVs and reserve dry powder for follow-ons.
What fees does Zhenzhen charge?
A management fee of 1.5–2.0% per year for the first three years, a one-time administrative reserve fee of 2.5–4.0% at subscription (covering legal, tax, and fund-administration costs), and a performance fee of 15% carried interest above a 100% return of contributed capital. Fees are disclosed in full in each SPV's offering documents.
How and when do I see a return?
LPs realize returns when the underlying company experiences a liquidity event — typically an acquisition or IPO. The median time-to-exit for late-stage deals we participate in is 3–5 years. Zhenzhen also operates a secondary matching program for LPs seeking interim liquidity, though a sale is never guaranteed.
Is Zhenzhen a registered investment advisor?
Zhenzhen Ventures Series LLC operates as an exempt reporting adviser under applicable federal and state securities laws. SPV offerings are made exclusively to accredited investors pursuant to Rule 506(c) of Regulation D. All subscription materials are reviewed by outside securities counsel.
How risky are these investments?
Venture investments — particularly in private, illiquid securities — carry a high risk of total loss. You should only commit capital you can afford to lose and only as part of a diversified portfolio. Past performance is not indicative of future results. A full risk disclosure is included in each offering's PPM.
How is Zhenzhen structured as a Series LLC?
Each SPV is a protected series under Zhenzhen Ventures Series LLC (Delaware). Each series is a legally-segregated pool with its own assets, liabilities, and LP register — so the outcome of one SPV is ring-fenced from every other.