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 / BLC Advisors, Ltd.
BLC Advisors, Ltd.
both early and growth/opportunity families, reported GAV $778M
Importance
37
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
56
elevated
Freshness
100
high
Research priority
16
moderate
Identity and regulatory footprint
- Headquarters
- Shanghai, Chinaadviserinfo.sec.gov
- Office address
- SUITE 3002, PINGAN RIVERFRONT FINANCIAL CENTER, NO.757, MENGZI ROAD, HUANGPU, Shanghai, 200023adviserinfo.sec.gov
- Business phone
- 8.61862E+12adviserinfo.sec.gov
- Website
- http://www.bluelakecap.com/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 30, 2024
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $778Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- bp@bluelakecap.combluelakecap.compublished by the subject
- business email
- pr@bluelakecap.combluelakecap.compublished by the subject
- business phone
- 8.61862E+12adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
26 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software
- Stages
- not stated or not yet read
- Geography
- not stated
- 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 26
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Blue Lake Capital Fund IV, L.P. | Fund | 2022 form d first sale | Active deployment | $211M Mar 30, 2024 | 28 | $211M of $400M | Apr 12, 2023 |
| Blue Lake Capital Opportunity Fund I, L.P. | Opportunity fund | 2022 adv first reported | Active deployment | $101M Mar 30, 2024 | 23 | $0 of $120M | Jun 29, 2021 |
| Blue Lake Capital Fund III, L.P. | Fund | 2019 form d first sale | Mature | $270M Mar 30, 2024 | 30 | $202M | Dec 18, 2020 |
| Blue Lake Capital Fund II, L.P. | Fund | 2017 form d first sale | Harvest | $196M Mar 30, 2024 | 25 | $139M of $200M | Jul 27, 2018 |
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
4 current, 0 departed
Shunhua Tang
Platform and operationsChief Financial Officer · since Jul 1, 2017
Shunhua Tang
Platform and operationsChief Financial Officer · since Jul 1, 2017
LEI Hu
PrincipalDirector · since Jul 1, 2017
LEI Hu
PrincipalDirector · since Jul 1, 2017
Investments on record
26 edges, 26 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
15 relationships from shared deals, counted for the whole firm
PWV Capital Management LLC 2 shared · recurringQiming 2 shared · recurring01vc Advisor Ltd 1 shared · one timeMonolith Venture Advisory Limited 1 shared · one time5y Capital Management Limited 1 shared · one timeBanyan Capital Partners Ltd. 1 shared · one timeHuman Capital 1 shared · one time6 Dimensions Capital 1 shared · one timeOmega Fund Management, LLC 1 shared · one timeXiang He Management Services, Inc. 1 shared · one timeBuentrip Ventures Capital Management, LLC 1 shared · one timeDV Partners Management 1 shared · one timeRockstart Management Company, LLC 1 shared · one timeIncubate 1 shared · one timeHLC Vgc Management IV Limited 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
5 dated events
- Mar 31, 2023Blue Lake Capital Fund IV, L.P. first reported on Form ADV by BLC Advisors, Ltd. (Venture Capital Fund), GAV $211,130,000Fund first reported on Form ADVFundsFactBlue Lake Capital Fund IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Blue Lake Capital Opportunity Fund I, L.P. first reported on Form ADV by BLC Advisors, Ltd. (Venture Capital Fund), GAV $48,756,188Fund first reported on Form ADVFundsFactBlue Lake Capital Opportunity Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 30, 2020BLC Advisors, Ltd. first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 30, 2020Blue Lake Capital Fund III, L.P. first reported on Form ADV by BLC Advisors, Ltd. (Venture Capital Fund), GAV $201,600,000Fund first reported on Form ADVFundsFactBlue Lake Capital Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 30, 2020Blue Lake Capital Fund II, L.P. first reported on Form ADV by BLC Advisors, Ltd. (Venture Capital Fund), GAV $158,000,000Fund first reported on Form ADVFundsFactBlue Lake Capital Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $778M
Evidence
27 observations from 2 sources