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 / Independent Access Partners, LLC
Independent Access Partners, LLC
Private equity with venture activity · probableHunt Valley, MDindependentaccesspartners.comSEC registered investment adviser
Go beyond 60/40 portfolios to access more sophisticated private market investing. Independent Access Partners offer carefully curated, unique opportunities.
registered adviser; venture funds are 8% of 18 private funds
Importance
8
low
Active deployment
0
low
Emerging
0
low
Completeness
50
elevated
Freshness
100
high
Research priority
2
low
Identity and regulatory footprint
- Headquarters
- Hunt Valley, MDadviserinfo.sec.gov
- Office address
- 50 SCHILLING RD, SUITE 300, Hunt Valley, MD, 21031adviserinfo.sec.gov
- Business phone
- 410-828-5523adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Aug 12, 2026
- Private funds reported
- 18 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $257Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $257Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 5
- Owners on Schedule A
- Hunt Valley Partners, LLC (Member), E
- business phone
- 410-828-5523adviserinfo.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
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Independent Access Partners Venture Fund I, LLC | Fund | unknown | Unknown | $19.4M Jun 27, 2024 | 129 | $0 | May 16, 2022 |
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
8 current, 0 departed
Leo J. Kelly III
Managing partnerManaging Member
LEO Joseph Kelly
PartnerElected Manager · since Aug 1, 2019
Thomas John New
PartnerElected Manager · since Aug 1, 2019
Thomas New
PartnerManager
Kevin Cuff
Platform and operationsChief Compliance Officer
Kevin Michael Cuff
Platform and operationsChief Compliance Officer · since Jun 1, 2024
Matt Andrulot
PrincipalExecutive Director
Matthew a Andrulot
PrincipalElected Manager, Executive Director · since Apr 1, 2019
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
2 dated events
- Jun 27, 2024Independent Access Partners, LLC first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 27, 2024Independent Access Partners Venture Fund I, LLC first reported on Form ADV by Independent Access Partners, LLC (Venture Capital Fund), GAV $19,434,845Fund first reported on Form ADVFundsFactIndependent Access Partners Venture Fund I, LLCSEC 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 8% of 18 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 8% of 13 private funds
Evidence
39 observations from 3 sources