PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 5:16 AM ET

Sponsor Check › Person

YC
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Yi Cao

Named as an officer, director or promoter on SEC Form D filings · Cayman Islands (as filed: E9) · Feb 26, 2015 → Mar 12, 2021

8deals (issuers)
$15.3Mreported sold
3investors
8Form D filings
2015–2021years on file
Follow this personLook further ↓PDF

Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:33 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Yi Cao is listed as a director and promoter on 8 SEC Form D filings by 8 issuers between Feb 2015 and Mar 2021. Largest by amount reported sold: Canal Investment L.P. (Grand Cayman, Cayman Islands (as filed: E9) — pooled investment fund — 2018; $15.3M reported sold to 3 investors), Source Code Growth Fund II L.P. (Grand Cayman, Cayman Islands (as filed: E9) — pooled investment fund — 2021), Source Code Venture Fund V L.P. (Grand Cayman, Cayman Islands (as filed: E9) — pooled investment fund — 2021), Source Code Growth Fund I L.P. (Grand Cayman, Cayman Islands (as filed: E9) — pooled investment fund — 2019), Source Code Venture Fund IV L.P. (Grand Cayman, Cayman Islands (as filed: E9) — pooled investment fund — 2019) and 3 more (all listed below).

What this means A repeat sponsor — 8 separate companies raised money with this person listed as director and promoter, over about 6 years. Across those companies the filings report $15.3M sold in total.

Listed alongside Siying Liu (3 shared filings), SSC Holdings Co. (1 shared filing, management entity), Source Code Blossom Limited (1 shared filing, management entity), Source Code Capital (1 shared filing, management entity), Source Code G1 Management Co. (1 shared filing, management entity) and 10 others.

What this means These are the other officers, directors or promoters the companies named on the same forms — the team around Yi. Each name links to their own page.

7 of the issuers belong to the sponsor group Source Code (7 issuers, $0 reported sold, 2015–2021).

What this means A sponsor group is one team that sets up a new company for each deal. Source Code has 7 companies on file and $0 reported sold in total — the group page shows the whole track record in one place.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA) — 1 bankruptcy case matching the name listed in Key records below.

What this means 1 record came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 8 public filings for Yi Cao and found 2 differences: Form D filed 57 days after the first sale; No amendment in the last 12 months on an offering that may still be open.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Yi Cao has not run yet — it is joining a line of 11,567 names; searches run around the clock at the hosts' allowed rate. Searched so far: 27 names.

Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found in sources searched — federal courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:33 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: AZ, CA, DE, TX, WA (crawled Oct 23, 2026)

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Yi Cao..

State securities regulators searched: AZ (Corporation Commission Securities Division), CA (DFPI — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE (DOJ Investor Protection Unit), TX (State Securities Board), WA (DFI) — last crawled Oct 23, 2026, 9:57 PM ET. Other states are not covered.

3. Bankruptcies

1 case: 1 closed (disposition not in docket feed)

Yi Cao closed
United States Bankruptcy Court, N.D. California · No. 04-55405 · Filed Aug 27, 2004 · Closed Jan 4, 2005
Role of Yi Cao: Debtor · Outcome: Case closed 2005-01-04 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same full name (rare in federal dockets); court in CA (not a filing state)
What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:33 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

Comparisons cover issuers and sponsor groups — see the issuer pages under Deals

2 differences found between the filings for Yi Cao (compared 8 filings on Oct 24, 2026)

Note · Sep 12, 2018 – Nov 8, 2018

Form D filed 57 days after the first sale — Canal Investment L.P.

The filing says the first sale was Sep 12, 2018. The Form D was filed Nov 8, 2018 — 57 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 42 days past that.

What this means A late notice is common and carries no penalty by itself. It is worth asking the sponsor why the paperwork lagged.

Form D · Nov 8, 2018 ↗Canal Investment L.P. — PartnerFacts page ↗
Sources
Note · Sep 12, 2018 – Nov 8, 2018

No amendment in the last 12 months on an offering that may still be open — Canal Investment L.P. (latest filing Nov 8, 2018)

The latest filing for this offering is dated Nov 8, 2018 (first sale Sep 12, 2018). It reports $15,300,000 sold of an indefinite amount offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Form D · Nov 8, 2018 ↗Canal Investment L.P. — PartnerFacts page ↗
Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

None reported on 8 offerings — no sales commissions, finder's fees or proceeds to insiders

Per-offering detail
Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Mar 12, 2021 D
Source Code Growth Fund II L.P.
File 021-392050
$0$0$0
The designee of Issuer's General Partner is entitled to the payment of an advisory fee payable by the Issuer.
None listed on this filingEDGAR ↗
Mar 12, 2021 D
Source Code Venture Fund V L.P.
File 021-392048
$0$0$0
The designee of Issuer's General Partner is entitled to the payment of an advisory fee payable by the Issuer.
None listed on this filingEDGAR ↗
Mar 29, 2019 D
Source Code Growth Fund I L.P.
File 021-336055
$0$0$0
The designee of Issuer's General Partner is entitled to the payment of a management fee payable by the Issuer.
None listed on this filingEDGAR ↗
Mar 29, 2019 D
Source Code Venture Fund IV L.P.
File 021-336060
$0$0$0
The designee of Issuer's General Partner is entitled to the payment of a management fee payable by the Issuer.
None listed on this filingEDGAR ↗
Nov 8, 2018 D
Canal Investment L.P.
File 021-325354
$0$0$0None listed on this filingEDGAR ↗
May 17, 2018 D
Source Code SFP Growth Fund L.P.
File 021-312707
$0$0$0
The designee of Issuer's General Partner is entitled to the payment of a management fee payable by the Issuer.
None listed on this filingEDGAR ↗
Mar 17, 2017 D
Source Code Fund III L.P.
File 021-282870
$0$0$0
The Issuer?s General Partner or an affiliate of the Issuer?s General Partner is entitled to the payment of a management fee payable by the Issuer.
None listed on this filingEDGAR ↗
Feb 26, 2015 D
Source Code Fund II L.P.
File 021-234830
$0$0$0
The Issuer's General Partner or an affiliate of the Issuer's General Partner is entitled to the payment of a management fee payable by the Issuer.
None listed on this filingEDGAR ↗

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across every filing this person is listed on (latest filing per offering, per issuer).

Deals 8

Every issuer that named Yi Cao on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.

SC
Pooled Investment Fund · group: Source Code

Source Code Growth Fund II L.P.

Grand Cayman, Cayman Islands (as filed: E9) · Mar 12, 2021
  • Mar 12, 2021 · D · $0 sold of $580,000,000 · 0 investors · min. No minimum reported · role: Director (Director of General Partner of General Partner of Issuer) EDGAR ↗

No sales reported yet as of the latest filing. Yi is listed as director.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

SC
Pooled Investment Fund · group: Source Code

Source Code Venture Fund V L.P.

Grand Cayman, Cayman Islands (as filed: E9) · Mar 12, 2021
  • Mar 12, 2021 · D · $0 sold of $420,000,000 · 0 investors · min. No minimum reported · role: Director (Director of General Partner of General Partner of Issuer) EDGAR ↗

No sales reported yet as of the latest filing. Yi is listed as director.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

SC
Pooled Investment Fund · group: Source Code

Source Code Venture Fund IV L.P.

Grand Cayman, Cayman Islands (as filed: E9) · Mar 29, 2019
  • Mar 29, 2019 · D · $0 sold of $290,000,000 · 0 investors · min. No minimum reported · role: Director (Director of General Partner of General Partner of Issuer) EDGAR ↗

No sales reported yet as of the latest filing. Yi is listed as director.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

SC
Pooled Investment Fund · group: Source Code

Source Code Growth Fund I L.P.

Grand Cayman, Cayman Islands (as filed: E9) · Mar 29, 2019
  • Mar 29, 2019 · D · $0 sold of $260,000,000 · 0 investors · min. No minimum reported · role: Director (Director of General Partner of General Partner of Issuer) EDGAR ↗

No sales reported yet as of the latest filing. Yi is listed as director.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

CI
Pooled Investment Fund

Canal Investment L.P.

Grand Cayman, Cayman Islands (as filed: E9) · Nov 8, 2018
  • Nov 8, 2018 · D · $15,300,000 sold of Indefinite · 3 investors · min. No minimum reported · role: Promoter (The sole director of the general partner of the issuer) EDGAR ↗

Raised $15.3M from 3 investors as of the latest filing. Yi is listed as promoter.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

SC
Pooled Investment Fund · group: Source Code

Source Code SFP Growth Fund L.P.

Grand Cayman, Cayman Islands (as filed: E9) · May 17, 2018
  • May 17, 2018 · D · $0 sold of $160,000,000 · 0 investors · min. No minimum reported · role: Director (Director of General Partner of General Partner of Issuer) EDGAR ↗

No sales reported yet as of the latest filing. Yi is listed as director.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

SC
Pooled Investment Fund · group: Source Code

Source Code Fund III L.P.

Grand Cayman, Cayman Islands (as filed: E9) · Mar 17, 2017
  • Mar 17, 2017 · D · $0 sold of $260,000,000 · 0 investors · min. No minimum reported · role: Promoter (Director of General Partner of General Partner of Issuer) EDGAR ↗

No sales reported yet as of the latest filing. Yi is listed as promoter.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

SC
Pooled Investment Fund · group: Source Code

Source Code Fund II L.P.

Grand Cayman, Cayman Islands (as filed: E9) · Feb 26, 2015
  • Feb 26, 2015 · D · $0 sold of $150,000,000 · 0 investors · min. No minimum reported · role: Promoter (Director of General Partner of General Partner of Issuer) EDGAR ↗

No sales reported yet as of the latest filing. Yi is listed as promoter.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

People around Yi 15

Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.

SC
Management entity

Source Code Capital

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SC
Management entity

Source Code Venture L.P.

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SH
Management entity

SSC Holdings Co.

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SC
Management entity

Source Code Venture III L.P.

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SC
Management entity

Source Code Blossom Limited

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SC
Management entity

Source Code V4 Management Co.

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SC
Management entity

Source Code G1 Management Co.

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SC
Management entity

Source Code G2 Management Co.

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SC
Management entity

Source Code V5 Management Co.

Promoter · 1 shared filing (1 issuer)

Listed on the same filings as Yi Cao. Their page shows their other deals.

SL
No photo found yet (own website and image search run after this page is viewed)
Person

Siying Liu

Promoter, Executive Officer · 3 shared filings (3 issuers)

Listed on the same filings as Yi Cao. Their page shows their other deals.

The team behind the deals

SC
Sponsor group

Source Code

7 issuers · 7 filings · $0 reported sold · 2015–2021

One team, 7 deal companies. Yi Cao is listed on 7 of them.

Sources

Issuers are grouped when their Form D filings share related persons, a management entity or a business address (automatic match from the filings). "Listed" marks the issuers that name Yi Cao.

Same business address

47 other issuers file from the same address

A shared address can mean the same team, a shared office building or a registered agent. It is a lead, not a conclusion.

Registrations and other filings

Adviser registration (Form ADV)

None of the 8 issuers this person is listed on appears in Form ADV (searched 24,962 advisers as of Oct 2, 2026). A person is never an adviser firm; Form ADV is checked for the issuers and the management companies they are listed with.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Property records none — individuals are not matched

Property records are matched to companies only, never to individuals, so none are matched to Yi Cao by design. Searched property records in Hillsborough County FL (Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026 + FL DOR 2026 ownership roll), Miami-Dade County FL (FL DOR 2026 ownership roll), Harris County TX (HCAD 2026 ownership roll), Dallas County TX (DCAD 2026 ownership roll), New York City ACRIS documents and PLUTO ownership rows already retrieved for other issuers, Cook County IL sale and ownership rows already retrieved for other issuers (814,874 records as of Oct 23, 2026, 8:59 PM ET) for the 8 issuers this person is listed on — nothing matched.

Public profiles and social

Websites and social links of the issuers Yi Cao is listed on: none on file. No website or social profile named in Canal Investment L.P.'s SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #246,113 of 374,652 in line (14 issuers searched so far). One-tap searches: Look further ↓

Look further

One-tap searches on sites we do not index ourselves, with the name pre-filled (Grand Cayman, E9). Each opens in a new tab; what you find there is not verified by PartnerFacts.

Social and web

LinkedIn people search ↗Instagram ↗X (Twitter) ↗Facebook ↗YouTube ↗Google ↗Google Images ↗Google News ↗Meta Ad Library ↗

Courts

CourtListener / RECAP (federal) ↗PACER case locator (federal, login) ↗

Securities regulators

SEC EDGAR full-text search ↗SEC action look-up ↗FINRA BrokerCheck ↗SEC IAPD adviser search ↗

Business registries

OpenCorporates ↗

Change history

No corrections have been requested for this page.

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