DFX Intelligence
Alpaca
Institutional venture firmSEC-registered adviserClassification probable· New York, New Yorkalpacarealestate.com
Institutional venture firm, based in New York, New York, reporting $129M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
9 additional investments, funds and LPs, 10 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 departurepeople, 12 months
A team member departed on 1 May 2026.
A partner leaving or arriving changes who decides, and who a founder or LP should call.
InferenceIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)For Founders, LPs, recruitersTeam →
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
14 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
Reading the network
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Alpaca: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Alpaca
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
0 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.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.
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, marketplaces, space, data infrastructure, proptech, media
- Stages
- seed, series b
- Geography
- boston, global, michigan, new york, wisconsin
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- family office
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
Other 50%unknown 50%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0
Team
2 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
Who else at this firm · 1 person, grouped by function
Finance, operations and compliance (1)
- Raymond Andrew Updyke · Chief Compliance OfficerWhy this person: Chief Compliance Officer at the firm
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.2 current, 1 departed
- Member
- Chief Compliance Officer
1 departed (kept with end dates)
- David R Goldberg · Member · May 1, 2021 to May 1, 2026 Fact
Contacts
1 firm phone
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
12 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.12 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Corigin Minibar Spv II LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $32,487 May 1, 2026 | 2 | unknown | unknown |
| Alpaca Vc Spv #3 LLC | SPV or co-invest vehicle | 2022 form d first sale | Active deployment | $4.4M May 1, 2026 | 5 | $3.6M of $3.6M | Sep 21, 2022 |
| Alpaca Vc Spv #4 LLC | SPV or co-invest vehicle · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $1.2M May 1, 2026 | 5 | $1.6M of $1.6M | Sep 21, 2022 |
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.1 relationship across the firm's funds, from public pensions and the allocator graph
| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | Alpaca Vc Fund III LP | $7.5M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Relationships across DFX
0 co-investors · on 3 other DFX graphs
Co-investors
0 counted from shared deals, 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.
Across DFX and the capital chainon 3 other DFX graphs · 1 capital path ShowHide
Across DFX
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Independent Sponsors, Private Equity, RIA and Wealth, matched by identifier. See which records
Across the graphs
Alpaca is the same institution as 3 records in Independent Sponsors, Private Equity and RIA and Wealth.
Independent Sponsors1Private Equity1RIA and Wealth1
DFX found 3 relationships across 3 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Capital chain
Alpaca sits on 1 traced path of capital across the graphs.
Allocator commitments to a manager
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
15 dated events, 123 observations from 4 sources
Timeline
15 dated events
- May 1, 2026David R Goldberg (Member) no longer on Schedule A of Alpaca
- Mar 30, 2023Alpaca Kraken I, a Series of Alpaca Vc Master Direct Invest LLC first reported on Form ADV by Alpaca Vc (Private Equity Fund), GAV $4,600,000Fund first reported on Form ADVFundsFactAlpaca Kraken I, a Series of Alpaca Vc Master Direct Invest LLCForm ADV
- Mar 30, 2023Alpaca Vc Spv #1 LLC first reported on Form ADV by Alpaca Vc (Venture Capital Fund), GAV $260,100
- Mar 30, 2023Alpaca Vc Spv #2 LLC first reported on Form ADV by Alpaca Vc (Venture Capital Fund), GAV $900,000
- Mar 30, 2023Imperfect Spv, a Series of Alpaca Vc Master Direct Invest LLC first reported on Form ADV by Alpaca Vc (Venture Capital Fund), GAV $450,893Fund first reported on Form ADVFundsFactImperfect Spv, a Series of Alpaca Vc Master Direct Invest LLCForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed May 1, 2026 · 11 private fundsShowHide
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- alpacarealestate.com
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- May 1, 2026
- Private funds reported
- 11 (9 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $129Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $150Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 11
- Owners on Schedule A
- The Rdf Family Trust (Beneficial Owner), owns 75% or more; Corigin Vc Asset Group LLC (Member), owns 10% to 25%
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $129M across 12 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $184M across 12 vehicles
Evidence
124 observations from 4 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | May 1, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | May 1, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | May 1, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | May 1, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-10-22 | May 1, 2026 | Fact | Form ADV |
| First Form ADV filing | 2021-10-22 | May 1, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-05-01 | May 1, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-05-01 | May 1, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-05-01 | May 1, 2024 | Fact | Form ADV |
| SEC status | Approved | May 1, 2026 | Fact | Form ADV |
| SEC status effective | 2023-05-25 | May 1, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | May 1, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | May 1, 2024 | Fact | Form ADV |
| Business phone | May 1, 2026 | Fact | Form ADV | |
| Business phone | May 1, 2024 | Fact | Form ADV | |
| Employees | 11 | May 1, 2026 | Fact | Form ADV |
| Employees | 13 | May 1, 2024 | Fact | Form ADV |
| Headquarters | New York, NY | May 1, 2026 | Fact | Form ADV |
| Headquarters | New York, NY | May 1, 2024 | Fact | Form ADV |
| Office address | May 1, 2026 | Fact | Form ADV | |
| Office address | May 1, 2024 | Fact | Form ADV | |
| Self-described type | Family office | Sep 30, 2026 | Fact | |
| Self-described type | Family office | Sep 29, 2026 | Fact | |
| Self-described type | Family office | Sep 28, 2026 | Fact | |
| Self-described type | Family office | Sep 27, 2026 | Fact | |
| Self-described type | Family office | Sep 26, 2026 | Fact | |
| Self-described type | Family office | Sep 25, 2026 | Fact | |
| Self-described type | Family office | Sep 24, 2026 | Fact | |
| Self-described type | Family office | Sep 23, 2026 | Fact | |
| Self-described type | Family office | Sep 22, 2026 | Fact | |
| Self-described type | Family office | Sep 21, 2026 | Fact | |
| Self-described type | Family office | Sep 20, 2026 | Fact | |
| Self-described type | Family office | Sep 19, 2026 | Fact | |
| Self-described type | Family office | Sep 18, 2026 | Fact | |
| Self-described type | Family office | Sep 17, 2026 | Fact | |
| Self-described type | Family office | Sep 16, 2026 | Fact | |
| Self-described type | Family office | Sep 13, 2026 | Fact | |
| Legal form | Limited Liability Company | May 1, 2026 | Fact | Form ADV |
| PE funds reported | 2 | May 1, 2026 | Fact | Form ADV |
| Private funds reported | 11 | May 1, 2026 | Fact | Form ADV |
| Private funds reported | 11 | May 1, 2026 | Fact | Form ADV |
| Private funds reported | 12 | May 1, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $129M | May 1, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $129M | May 1, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $184M | May 1, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $150M | May 1, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $184M | May 1, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | May 1, 2026 | Fact | Form ADV |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 29, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 28, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 27, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 26, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 25, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 24, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 23, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 22, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 21, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 20, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 19, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 18, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 17, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Boston, global, michigan, new york, wisconsin “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, space, data infrastructure, proptech, media “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, space, data infrastructure, proptech, media “sector words on the home page” | Sep 29, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, space, data infrastructure, proptech, media “sector words on the home page” | Sep 28, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, space, data infrastructure, proptech, media “sector words on the home page” | Sep 27, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 26, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, space, data infrastructure, proptech, media “sector words on the home page” | Sep 26, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 25, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 24, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 23, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 22, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 21, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 20, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 19, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 18, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 17, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, marketplaces, data infrastructure, proptech, media “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | Seed, series b “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Seed, series b “stage words on the home page” | Sep 29, 2026 | Fact | |
| Stated stages | Seed, series b “stage words on the home page” | Sep 28, 2026 | Fact | |
| Stated stages | Seed, series b “stage words on the home page” | Sep 27, 2026 | Fact | |
| Stated stages | Seed, series b “stage words on the home page” | Sep 26, 2026 | Fact | |
| Venture funds reported | 9 | May 1, 2026 | Fact | Form ADV |
| Venture funds reported | 9 | May 1, 2026 | Fact | Form ADV |
| Venture funds reported | 10 | May 1, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | May 1, 2024 | Fact | Form ADV | |
| Website | May 1, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 29, 2026 | Fact | ||
| Site title | Sep 28, 2026 | Fact | ||
| Site title | Sep 27, 2026 | Fact | ||
| Site title | Sep 26, 2026 | Fact | ||
| Site title | Sep 25, 2026 | Fact | ||
| Site title | Sep 24, 2026 | Fact | ||
| Site title | Sep 23, 2026 | Fact | ||
| Site title | Sep 22, 2026 | Fact | ||
| Site title | Sep 21, 2026 | Fact | ||
| Site title | Sep 20, 2026 | Fact | ||
| Site title | Sep 19, 2026 | Fact | ||
| Site title | Sep 18, 2026 | Fact | ||
| Site title | Sep 17, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probableShowHide
Importance
27
moderate
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firm · probableSEC registered investment adviser
Venture manager, reported GAV $129M across 12 vehicles
The inputs behind each score
- importance
- gav: 0.34 · funds: 1 · people: 0.04 · investments: 0 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 12 · reported gav: $129M · first adv filing: 2021-10-22 · years since first filing: 4.9
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
36 scored matches, best firstas of
- score 42.7confidence 100%Why: sector fit; geography fit; activity; analogous
- score 42.7confidence 100%Why: sector fit; geography fit; activity; analogous
- score 42.7confidence 100%Why: sector fit; geography fit; activity; analogous
+33 more scored matches
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
1 dated event on the change ledger, latest event first
- Adviser's first ADV filing2021-10-22source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: new companies, 12 mo.