DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Foundation

Croucher Foundation

FoundationHong Kong
Assets
$292M
Total assets, Sep 30, 2025 reported
Funded
n/a
not filed
Private markets target
n/a
policy Sep 30, 2024
Commitments
59
10 managers on Schedule C
Allocation policy
IRS 990, as of Sep 30, 2024
Actual allocation lines without a target (as filed)
  • S CAPITAL II, L.P. $2.2M
  • S CAPITAL III L.P. $734,527
  • S CAPITAL L.P. $2.7M
  • S CAPITAL OPPORTUNITY FUND II L.P. $103,342
  • S CAPITAL OPPORTUNITY FUND L.P. $2.4M
Consultants and advisers
No adviser relationship is on the tape for this allocator. Public systems name theirs in the ACFR; plans list them on Schedule C.
People
No investment staff or executives have been read for this allocator yet.
Manager roster
10 managers on the commitment tape
From the plan’s own commitment disclosures
Commitments
59 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Sep 30, 2024S CAPITAL OPPORTUNITY A FUND, L.P. - SERIES S3S Capital Vc Management Ltd.Private equity$501,406 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024STANDARD CRYPTO VENTURE FUND I LPStandard Crypto Management LPVenture$590,000 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KLINE HILL PARTNERS FUND II LPKline Hill Partners LPPrivate equity$1.7M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SILVER LAKE PARTNERS VII, L.P.Silver Lake Technology Management, LLCPrivate equity$609,393 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024LONE STAR FUND IX ( BERMUDA) LPLone Star FundsPrivate equity$629,397 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SIGULER GUFF DISTRESSED OPPORTUNITIES FUND IV (F), LPSiguler Guff Advisers, LLCPrivate credit$283,440 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024TRUE VENTURE VI, L.P.True VentureVenture$1.7M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024TRUE VENTURE VII, L.P.True VentureVenture$1.3M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024TRUE VENTURE VIII, L.P.True VentureVenture$628,080 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024VALIONER CAPITAL PARTNERS OFFSHORE, LTDValioner CapitalPrivate equity$227,866 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024VARDE INVESTMENT PARTNERSVarde InvestmentPrivate equity$469,616 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024VICTORIA S.AMERICAN PARTNERS II (KILNE HILL PROJECT VICTORY)Victoria AmericanPrivate equity$733,274 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ABERDEEN INTERNATIONAL PARTNERS II, LIMITED PARTNERSHIPAberdeenPrivate equity$524,018 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ABERDEEN INTERNATIONAL PARTNERS, LIMITED PARTNERSHIPAberdeenPrivate equity$104,570 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ABERDEEN PRIVATE EQUITY IV, LIMITED PARTNERSHIPAberdeen Private EquityPrivate equity$252,876 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ABERDEEN VENTURE PARTNERS V, LIMITED PARTNERSHIPAberdeen VentureVenture$205,382 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ABERDEEN VENTURE PARTNERS VII, LIMITED PARTNERSHIPAberdeen VentureVenture$818,569 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ANACACIA PRIVATE EQUITY III LPAnacacia Private EquityPrivate equity$1.9M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ARROWSTREET GLOBAL EQUITY CCFArrowstreet Global Equity CcfPublic equity$11.0M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ASEAN CHINA INVEST FUND III L.PAsean China InvestPrivate equity$1.1M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024ASEAN CHINA INVEST FUND VAsean China InvestPrivate equity$1.2M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024BOYU CAPTIAL FUND V LPBoyu CaptialPrivate equity$1.4M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024CHERRY VENTURES FUND IV (US), L.P.Cherry VenturesPrivate equity$749,829 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024DEERFIELD PRIVATE DESIGN FUND IIIDeerfield Private DesignPrivate equity$1.4M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024DOVER STREET IX FUNDDover StreetPrivate equity$1.7M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024DOVER STREET X FUNDDover StreetPrivate equity$2.4M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024FRANCHISE PARTNERS US EQUITY FUNDFranchise US EquityPublic equity$41.9M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KING STREET CAPITAL LIMITEDKing Street CapitalPrivate equity$6,546 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KLINE HILL PARTNERS CORE FUND V, LPKline Hill CorePrivate equity$179,339 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KLINE HILL PARTNERS III LPKline HillPrivate equity$1.8M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KLINE HILL PARTNERS IV LPKline HillPrivate equity$2.1M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KLINE HILL PARTNERS LPKline HillPrivate equity$2.1M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KLINE HILL PARTNERS OPPFUND IIIKline Hill OppfundPrivate equity$570,680 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KHP STRATEGIC 3 L.P.Kline Hill Partners LPPrivate equity$491,111 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024MGG SF DRAWDOWN FUND FUND II (CAYMAN) LPMGG Sf DrawdownPrivate equity$827,465 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024MGG SF DRAWDOWN FUND FUND III (CAYMAN) LPMGG Sf DrawdownPrivate equity$2.7M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024NITORUM OFFSHORE FUNDNitorumPrivate equity$5.0M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SILVER LAKE PARTNERS IV, L.P.Silver LakePrivate equity$3.5M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SILVER LAKE PARTNERS V, L.P.Silver LakePrivate equity$3.0M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SILVER LAKE PARTNERS VI, L.P.Silver LakePrivate equity$3.2M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024LONE STAR FUND VIII (BERMUDA) LPLone Star FundsPrivate equity$297,238 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024QIMING VENTURE PARTNERS VII, LPQiming Global Management, LLCVenture$2.9M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024KPS SPECIAL SITUATIONS FUND V(AKPS Capital Partners, LPPrivate credit$2.8M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024QIMING VENTURE PARTNERS VIII, LPQiming Global Management, LLCVenture$1.4M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024MCP PRIVATE CAPITAL FUND III SCSPMetric Capital Partners LLPPrivate equity$2.3M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SOUTHERN CROSS LATIN AMERICA PRVIATE EQUITY IV, L.P./SOUTHERN CROSS EXTENSIOSouthern Cross Latin America Prviate Equity Southern Cross ExtensioPublic equity$771,617 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS GROWTH EQUITY FUND III-B L.P.Summit Growth EquityVenture$492,045 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS GROWTH XSummit GrowthPrivate equity$953,634 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS GROWTH XISummit GrowthPrivate equity$990,002 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024THE OVERLOOK PARTNERS FUND, L.P.The OverlookPrivate equity$18.1M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024THE TAP FUND LTDThe TapPrivate equity$6.9M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS VENTURE CAPITAL FUND V-B L.P.Summit Venture CapitalVenture$1.8M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS VENTURE CAPITAL FUND IV-B L.P.Summit Venture CapitalVenture$2.4M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS REINVESTMENT FUND L.P.Summit Partners, L.P.Private equity$2.0M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS GROWTH EQUITY FUND IX-B L.P.Summit Partners, L.P.Venture$2.4M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024SUMMIT PARTNERS GROWTH EQUITY FUND VIII-B L.P.Summit Partners, L.P.Venture$466,702 heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024THE VARDE DISLOCATION FUND (OFFSHORE) LPThe Varde DislocationPrivate equity$1.8M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024TIKEHAU REAL ESTATE III FEEDERTikehau Real EstateReal estate$3.1M heldDisclosed holdingapps.irs.gov
as of Sep 30, 2024TRUE VENTURE V, L.P.True VentureVenture$1.7M heldDisclosed holdingapps.irs.gov
Size and funding
3 readings
Total assets
$292M Sep 30, 2025 reported IRS BMF
$384M (2024-09)
Income
$2.4M Sep 30, 2025 reported IRS BMF
What changed
No dated events yet.
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN 980066847
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.