DFX Intelligence
Venture Capital Intelligence
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Firms / B•••••••• L••
B•••••••• L••
Private equity with venture activity · probableNew York, NYSEC registered investment adviser
registered adviser; venture funds are 12% of 5 private funds
Importance
20
moderate
Active deployment
0
low
Emerging
0
low
Completeness
44
elevated
Freshness
95
high
Research priority
6
low
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 152 W 57TH ST, 48TH FLOOR, New York, NY, 10019adviserinfo.sec.gov
- Business phone
- 929-367-5390adviserinfo.sec.gov
- Website
- unknown
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Apr 18, 2022
- Private funds reported
- 5 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $121Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $152Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 6
- Owners on Schedule A
- B••••••• M••••••• L•• (M•••••• Of B•••••••• L••), NA; K•• S••• S•••••• T•••• U•••• J••• 4• 2••• (Member Of B•••••••• L••), C
- business phone
- 929-367-5390adviserinfo.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
- 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: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported, 3 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| B••••••• P••• L•• | Fund · ADV: Other P•••••• Fund | 2019 form d first sale | Mature | $13.6M Apr 18, 2022 | 23 | $13.0M of $13.8M | Sep 13, 2019 |
| B••••••• L••••• B• L•• | Fund · ADV: Other P•••••• Fund | 2019 form d first sale | Mature | $1.8M Apr 18, 2022 | 19 | $12.4M of $12.4M | Sep 13, 2019 |
| B••••••• L•••••• L•• | Fund · ADV: Other P•••••• Fund | 2019 form d first sale | Mature | $1.7M Apr 18, 2022 | 30 | $11.6M of $13.3M | Apr 9, 2019 |
| B••••••• F•• L•• | SPV or co-invest vehicle · ADV: Other P•••••• Fund | 2021 adv first reported | Wound down | $10.2M Jul 23, 2021 | 12 | unknown | unknown |
| B••••••• C••••••• I• Y•• C••• L•• | SPV or co-invest vehicle · ADV: Other P•••••• Fund | 2021 adv first reported | Wound down | $6.9M Jul 23, 2021 | 9 | unknown | unknown |
| P•••••• F••• • | Fund | unknown | Wound down | $95.3M Jan 14, 2020 | 3 | unknown | unknown |
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, 2 departed
K•••••• K•••••
Board or advisoryTrustee · since Jun 1, 2021
G•••••• P••••• H•••••
PartnerSole Member · since Oct 1, 2017
K•••• A•••• M••••••
PartnerMember Of B•••••••• L•• · since Nov 1, 2017
L•••••• P•••••••
Platform and operationsChief Compliance Officer · since Mar 1, 2022
2 departed (kept with end dates)
- A•••••••• M••••• K••••• · Member · Dec 1, 2009 to Jul 23, 2021 Inference
- A••• W• P••••• · Chief Compliance Officer And Chief Operating Officer · Nov 1, 2018 to Mar 31, 2022 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
- Mar 31, 2022A••• W• P••••• (Chief Compliance Officer And Chief Operating Officer) no longer on Schedule A of B•••••••• L••
- Mar 31, 2022B••••••• C••••••• I• Y•• C••• L•• no longer reported on Form ADV by B•••••••• L••Fund no longer reportedFundsInferenceB••••••• C••••••• I• Y•• C••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022B••••••• F•• L•• no longer reported on Form ADV by B•••••••• L••Fund no longer reportedFundsInferenceB••••••• F•• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2022L•••••• P••••••• joined Schedule A of B•••••••• L•• as Chief Compliance Officer
- Jul 23, 2021A•••••••• M••••• K••••• (Member) no longer on Schedule A of B•••••••• L••
- Jun 1, 2021K•••••• K••••• joined Schedule A of B•••••••• L•• as Trustee
- Mar 26, 2021B••••••• L••••• B• L•• first reported on Form ADV by B•••••••• L•• (Other P•••••• Fund), GAV $13,125,233Fund first reported on Form ADVFundsFactB••••••• L••••• B• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2021B••••••• C••••••• I• Y•• C••• L•• first reported on Form ADV by B•••••••• L•• (Other P•••••• Fund), GAV $6,871,270Fund first reported on Form ADVFundsFactB••••••• C••••••• I• Y•• C••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2021B••••••• P••• L•• first reported on Form ADV by B•••••••• L•• (Other P•••••• Fund), GAV $13,634,949Fund first reported on Form ADVFundsFactB••••••• P••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2021P•••••• F••• • no longer reported on Form ADV by B•••••••• L••Fund no longer reportedFundsInferenceP•••••• F••• •SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2021B••••••• L•••••• L•• first reported on Form ADV by B•••••••• L•• (Other P•••••• Fund), GAV $12,299,739Fund first reported on Form ADVFundsFactB••••••• L•••••• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2021B••••••• F•• L•• first reported on Form ADV by B•••••••• L•• (Other P•••••• Fund), GAV $9,864,644Fund first reported on Form ADVFundsFactB••••••• F•• L••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 8, 2020B•••••••• L•• 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)
- Jan 8, 2020P•••••• F••• • first reported on Form ADV by B•••••••• L•• (Venture Capital Fund), GAV $95,331,253Fund first reported on Form ADVFundsFactP•••••• F••• •SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 1, 2018A••• W• P••••• joined Schedule A of B•••••••• L•• as Chief Compliance Officer And Chief Operating Officer
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 12% of 5 private funds
Evidence
19 observations from 1 source