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.

Board records

Hess Philanthropic Fund: 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.

all systems

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 dateinference
    Hess Philanthropic Fund holds DRIVE CAPITAL FUND IV L.P.; the manager is raising: Drive Capital Fund V, L.P. (fundraising, seen 2026-09-16); no commitment to it on the graph
    with Drive Capital LLCno URL
  • Sep 16, 2026Re-up prospectreport dateinference
    Hess Philanthropic Fund holds THIRD ROCK VENTURES VI, LP; the manager is raising: Third Rock Ventures VII, L.P. (fundraising, seen 2026-09-16); no commitment to it on the graph
    with Third Rock Ventures, LLC.no URL
  • Mar 31, 2026Re-up prospectinference
    Hess Philanthropic Fund holds ECLIPSE EARLY GROWTH FUND II, LP.; 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 graph
    with Eclipse Ventures, LLCno URL
  • May 29, 2025Re-up prospectinference
    Hess Philanthropic Fund holds FELICIS VENTURES IX, L.P.; the manager has a newer fund open: Felicis Ventures X, L.P. (newly closed, Form D first sale 2025-05-29); no commitment to it on the graph
    with Felicis Venturesno URL