DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Rice Park Capital
Rice Park Capital
Rice Park’s investment focus is to deliver cycle-resistant returns to its limited partners by unlocking value in complex opportunities in the residential and commercial mortgage and real estate sectors.
venture manager, reported GAV $12.9M across 2 vehicles
Importance
12
low
Active deployment
51
elevated
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
15
moderate
Identity and regulatory footprint
- Headquarters
- Plymouth, MNadviserinfo.sec.gov
- Office address
- 505 WATERFORD PARK, 505 HWY 169 SUITE 550, Plymouth, MN, 55441adviserinfo.sec.gov
- Business phone
- 833-981-5595adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jun 25, 2026
- Private funds reported
- 7 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $1.4Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 21
- Owners on Schedule A
- Rice Park Capital Management LLC (General Partner), NA
- business phone
- 833-981-5595adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
7 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- minnesota
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 7
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| RPC Ventures Fund II LP | Fund | 2023 form d first sale | Active deployment | $1.9M Aug 13, 2024 | 29 | $12.6M of $50.0M | May 19, 2023 |
| RPC Ventures Fund I LP | Fund | 2019 form d first sale | Mature | $11.0M Aug 13, 2024 | 18 | $8.9M of $50.0M | Jun 17, 2020 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
6 current, 1 departed
Christopher Byron Bixby
PartnerManaging Director · since Jun 1, 2022
Craig Freel
PartnerHead Of Msr Investments; Limited Partner · since Mar 1, 2021
Matthias John Kennedy
PartnerCo-Chief Investment Officer; Limited Partner · since Oct 1, 2021
Nicholas Higgin Smith
PartnerMember · since Feb 1, 2019
Craig Allen Opp
Platform and operationsGeneral Counsel; Cco; Limited Partner · since Feb 1, 2020
Shawn Milton Kelly
Platform and operationsChief Operating Officer; Limited Partner · since Nov 1, 2019
1 departed (kept with end dates)
- Mark Filler · Partner (Non-Equity) · Jan 1, 2022 to Mar 28, 2024 Inference
Investments on record
7 edges, 7 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
39 relationships from shared deals, counted for the whole firm
GrandBanks Capital 1 shared · one timeToloka LLC 1 shared · one timeOrei Advisors LP 1 shared · one timeTritium Partners 1 shared · one timeUncommon Denominator Management LLC 1 shared · one timeDFJ Growth 1 shared · one timeGreat North Ventures 1 shared · one timeHivemind Capital Partners LLC 1 shared · one timeAlpha Partners Management, LLC 1 shared · one timeRockwood Equity Partners LLC 1 shared · one timeFTV Capital 1 shared · one timeOmega Venture Partners 1 shared · one timeCresta Fund Management LLC 1 shared · one timeYork Investments Holdings, LLC 1 shared · one timeGreenridge Growth Partners 1 shared · one timeArctaris Impact Investors 1 shared · one timeCota Capital Management, LLC 1 shared · one timeArboretum Ventures 1 shared · one timeSamsara Biocapital, LLC 1 shared · one timeBlueprint Local LLC 1 shared · one timeLAS Olas Venture Capital 1 shared · one timeSofinnova Investments, Inc. 1 shared · one timeOrbiMed 1 shared · one timeKamerra Holdings, LLC 1 shared · one timeNSV Management LLC 1 shared · one timeSUN Mountain Capital Advisors, LLC 1 shared · one timeHakluyt Capital Limited 1 shared · one timeRally Ventures Management, LLC 1 shared · one timeNCN 1 shared · one timePlexo Capital Management, LLC 1 shared · one timeUnless Management LP 1 shared · one timeNTI Managers, LLC 1 shared · one timePlural Uk Management 1 shared · one timeDN Capital (US), Inc 1 shared · one timeMcwhorter Ventures, LLC 1 shared · one time5th Century Partners 1 shared · one timeCarnelian Energy Capital Management, LP 1 shared · one time4x4 Capital 1 shared · one timeFGC Management Co., LLC 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
10 dated events
- Sep 16, 2026Cookiedatabase no longer listed on Rice Park Capital's portfolio pageRemoved from portfolio pagePortfolioInferenceCookiedatabaseVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 14, 2026Rice Park Capital: INSTITUTIONAL_VC -> MICRO_VC (venture manager, reported GAV $12.9M across 2 vehicles)Classification changedClassificationInferenceno URL
- Mar 28, 2024RPC Ventures Fund II LP first reported on Form ADV by Rice Park Capital (Venture Capital Fund), GAV $1,910,670Fund first reported on Form ADVFundsFactRPC Ventures Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2024Mark Filler (Partner (Non-Equity)) no longer on Schedule A of Rice Park Capital
- Jun 1, 2022Christopher Byron Bixby joined Schedule A of Rice Park Capital as Managing Director
- Jan 1, 2022Mark Filler joined Schedule A of Rice Park Capital as Partner (Non-Equity)
- Oct 1, 2021Matthias John Kennedy joined Schedule A of Rice Park Capital as Co-Chief Investment Officer; Limited Partner
- Mar 1, 2021Craig Freel joined Schedule A of Rice Park Capital as Head Of Msr Investments
- Sep 24, 2020Rice Park Capital first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 24, 2020RPC Ventures Fund I LP first reported on Form ADV by Rice Park Capital (Venture Capital Fund), GAV $8,720,000Fund first reported on Form ADVFundsFactRPC Ventures Fund I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 14, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $12.9M across 2 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $849M across 4 vehicles
Evidence
55 observations from 3 sources