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.
Larry H Miller & Gail Miller Family Foundation: what the board decided
Read from the boards’ own minutes and meeting packets, each row with the stance the minutes give it. Approved is a vote or a commitment reported as made under delegated authority; recommended is staff or the consultant asking, with no vote in the record; proposed is an item presented for consideration. Every row carries the sentence that says so. A re-up prospect is arithmetic on the tape: the allocator holds Fund N, the manager has Fund N+1 open, and no commitment to it is on the graph; it is labelled an inference and says nothing about intent.
Same manager, same series and name stem, the next number (or a later vintage), open now on the venture or private equity graph, and no commitment to it on this graph. Dated at the successor’s first Form D sale when there is one. A row retires by itself when a commitment to the successor lands.
- Sep 16, 2026Re-up prospectreport dateinferenceLarry H Miller & Gail Miller Family Foundation holds Drive Capital Fund IV; the manager is raising: Drive Capital Fund V, L.P. (fundraising, seen 2026-09-16); no commitment to it on the graphwith Drive Capital LLCno URL
- Apr 20, 2026Re-up prospectinferenceLarry H Miller & Gail Miller Family Foundation holds Eclipse Fund V; the manager has a newer fund open: Eclipse Partners Fund VI, L.P. (newly closed, Form D first sale 2026-04-20); no commitment to it on the graphwith Eclipse Ventures, LLCno URL
- Mar 31, 2026Re-up prospectinferenceLarry H Miller & Gail Miller Family Foundation holds Eclipse Early Growth Fund II; the manager has a newer fund open: Eclipse Early Growth Fund III, L.P. (newly closed, Form D first sale 2026-03-31); no commitment to it on the graphwith Eclipse Ventures, LLCno URL