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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Firms / F•••• P••••••••• G••••
F•••• P••••••••• G••••
At FPG, we believe in first principles thinking. Not only in the companies we invest in, but how we manage our business. Investing should be straightforward, transparent, and tailored to each individual.
registered adviser; venture funds are 38% of 23 private funds
Importance
31
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
50
elevated
Freshness
99
high
Research priority
14
low
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 847-668-7950adviserinfo.sec.gov
- Website
- f•••••••••.group
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- May 13, 2026
- Private funds reported
- 23 (11 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
- $1.6Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 2
- business phone
- 847-668-7950adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- chicago
- 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: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
20 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| F•• A• A•••• X•• L• | Fund | 2026 form d first sale | Newly closed | unknown | unknown | $9.3M of $9.3M | Jan 27, 2026 |
| F•• A• U•••• I•• L• | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $9.3M of $9.3M | May 15, 2025 |
| F•• A• C••••••• V•• L• | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $10.6M of $10.6M | Dec 22, 2025 |
| F•• A• A•••• X• L• | Fund | 2025 form d first sale | Fundraising | unknown | unknown | $25.5M | Nov 5, 2025 |
| F•• A• C••••••• I•• L• | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $10.1M of $10.1M | Jul 22, 2025 |
| F•• A• C••••••• I• L• | Fund | 2024 adv first reported | Early deployment | $33.8M Jun 30, 2024 | 81 | $0 | May 10, 2024 |
| F•• A• C••••••• I•• L• | Fund | 2024 adv first reported | Early deployment | $6.2M Jun 30, 2024 | 16 | $0 | May 13, 2024 |
| F•• A• U•••• I• L• | Fund | 2024 form d first sale | Early deployment | unknown | unknown | $13.0M | Sep 5, 2024 |
| F•• A• A•••• V• L•• | Fund · ADV: Private Equity Fund | 2023 form d first sale | Active deployment | $59.3M Jun 30, 2024 | 125 | $48.5M | Oct 10, 2023 |
| F•• A• A•••• I•• L•• | Fund · ADV: Private Equity Fund | 2023 form d first sale | Active deployment | $41.8M Jun 30, 2024 | 85 | $33.9M | Oct 10, 2023 |
| F•• H••• T•••• L•• | Fund | 2023 form d first sale | Active deployment | $32.5M Jun 30, 2024 | 100 | $33.3M of $33.3M | Sep 15, 2023 |
| F•• F••• I•• L•• | Fund · ADV: Private Equity Fund | 2023 form d first sale | Active deployment | $31.5M Jun 30, 2024 | 63 | $25.6M of $25.6M | Feb 7, 2023 |
| F•• B•• T•••• L•• | Fund | 2023 form d first sale | Active deployment | $19.8M Jun 30, 2024 | 10 | $21.3M of $21.3M | Sep 15, 2023 |
| F•• A• N•••• I• L• | Fund | 2023 form d first sale | Active deployment | $2.5M Jun 30, 2024 | 31 | $2.0M of $2.0M | Dec 27, 2023 |
| F•••• P••••••••• G•••• F••• I• O•••••• L•• | Fund · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $47.0M Jun 30, 2024 | 112 | $35.9M of $35.9M | Nov 14, 2022 |
| F•• F••• B••• F•••• L•• | Fund · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $11.0M Jun 30, 2024 | 59 | $13.0M of $13.0M | Nov 7, 2022 |
| F•••• P••••••••• G•••• F••• I• L•• | Fund · ADV: Private Equity Fund | 2021 form d first sale | Mature | $24.4M Jun 30, 2024 | 40 | $15.2M of $15.2M | Sep 27, 2021 |
| F•• A• N••• I••• L• | Fund | unknown | Fundraising | unknown | unknown | $0 | Sep 30, 2025 |
| F•• A• C••••••• V• L• | Fund | unknown | Fundraising | unknown | unknown | $0 | Dec 4, 2025 |
| F•• A• U•••• I••• L• | Fund | unknown | Fundraising | unknown | unknown | $0 | Mar 31, 2026 |
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
2 current, 1 departed
R••••• J••• M•••••
PartnerMember / Manager · since Dec 1, 2023
B••••••• H••••••
Platform and operationsMember / Manager / Chief Compliance Officer · since Dec 1, 2023
1 departed (kept with end dates)
- M•••••• R• F•••••••• · Manager · Aug 1, 2021 to Jan 12, 2024 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
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
15 dated events
- Jun 30, 2024F•• A• C••••••• I• L• first reported on Form ADV by F•••• P••••••••• G•••• (Venture Capital Fund), GAV $33,842,685Fund first reported on Form ADVFundsFactF•• A• C••••••• I• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 30, 2024F•• A• C••••••• I•• L• first reported on Form ADV by F•••• P••••••••• G•••• (Venture Capital Fund), GAV $6,157,320Fund first reported on Form ADVFundsFactF•• A• C••••••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2024F•• A• A•••• V• L•• first reported on Form ADV by F•••• P••••••••• G•••• (Private Equity Fund), GAV $59,733,100Fund first reported on Form ADVFundsFactF•• A• A•••• V• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2024F•• A• A•••• I•• L•• first reported on Form ADV by F•••• P••••••••• G•••• (Private Equity Fund), GAV $42,149,398Fund first reported on Form ADVFundsFactF•• A• A•••• I•• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2024F•• H••• T•••• L•• first reported on Form ADV by F•••• P••••••••• G•••• (Venture Capital Fund), GAV $32,614,785Fund first reported on Form ADVFundsFactF•• H••• T•••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2024F•• A• N•••• I• L• first reported on Form ADV by F•••• P••••••••• G•••• (Venture Capital Fund), GAV $2,500,009Fund first reported on Form ADVFundsFactF•• A• N•••• I• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2024F•• B•• T•••• L•• first reported on Form ADV by F•••• P••••••••• G•••• (Venture Capital Fund), GAV $19,835,730Fund first reported on Form ADVFundsFactF•• B•• T•••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 12, 2024M•••••• R• F•••••••• (Manager) no longer on Schedule A of F•••• P••••••••• G•••• Management, LLC
- Dec 1, 2023R••••• J••• M••••• joined Schedule A of F•••• P••••••••• G•••• Management, LLC as Member / Manager
- Dec 1, 2023B••••••• H•••••• joined Schedule A of F•••• P••••••••• G•••• Management, LLC as Member / Manager
- Mar 29, 2023F•• F••• I•• L•• first reported on Form ADV by F•••• P••••••••• G•••• Management, LLC (Private Equity Fund), GAV $25,625,000Fund first reported on Form ADVFundsFactF•• F••• I•• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023F•• F••• B••• F•••• L•• first reported on Form ADV by F•••• P••••••••• G•••• Management, LLC (Private Equity Fund), GAV $13,300,000Fund first reported on Form ADVFundsFactF•• F••• B••• F•••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 7, 2022F•••• P••••••••• G•••• Management, LLC 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)
- Dec 7, 2022F•••• P••••••••• G•••• F••• I• O•••••• L•• first reported on Form ADV by F•••• P••••••••• G•••• Management, LLC (Private Equity Fund), GAV $35,943,750Fund first reported on Form ADVFundsFactF•••• P••••••••• G•••• F••• I• O•••••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 7, 2022F•••• P••••••••• G•••• F••• I• L•• first reported on Form ADV by F•••• P••••••••• G•••• Management, LLC (Private Equity Fund), GAV $24,387,500Fund first reported on Form ADVFundsFactF•••• P••••••••• G•••• F••• I• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 38% of 23 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 38% of 26 private funds
Evidence
40 observations from 3 sources