DFX Intelligence
Board records
What the boards decided, were recommended, and were askedHow 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.
- Jun 6, 2024Re-up prospectinferenceMark and Anla Cheng Kingdon Fund holds DIGITAL ALPHA FUND A, LP; the manager has a newer fund open: Digital Alpha Fund III, LP (unknown, Form D first sale 2024-06-06); no commitment to it on the graphwith Digital Alpha Advisors, LLCno URL
- May 23, 2024Re-up prospectinferenceMark and Anla Cheng Kingdon Fund holds SAVANO CAPITAL PARTNERS III, LP; the manager is raising: Savano Capital Partners IV, L.P. (fundraising, Form D first sale 2024-05-23); no commitment to it on the graphwith Savano Direct Capital Partners, LLCno URL