DFX Intelligence
Board records
Mcchord Foundation: what the board decidedHow board records are readRead 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.
- Jan 3, 2025Re-up prospectinferenceMcchord Foundation holds OUTSIDERS FUND II LP; the manager is raising: Outsiders Fund III, LP (fundraising, Form D first sale 2025-01-03); no commitment to it on the graphwith Outsiders Venture Partners, LLCno URL