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 / LAV Investment Adviser Limited
LAV Investment Adviser Limited
Multi-stage venture firmGrand Caymanlillyasiaventures.comSEC venture capital fund adviserpart of LAV
One of 4 advisers that share lillyasiaventures.com; the firm is LAV. LAV Management Company, Limited, LAV Advanced Management Company Limited, LAV Global Management Company Limited. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
both early and growth/opportunity families, reported GAV $1,956M
Importance
28
moderate
Active deployment
0
low
Emerging
0
low
Completeness
50
elevated
Freshness
98
high
Research priority
7
low
Identity and regulatory footprint
- Headquarters
- Grand Cayman, Cayman Islandsadviserinfo.sec.gov
- Office address
- WALKERS CORPORATE LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, Grand Cayman, KY1-9001adviserinfo.sec.gov
- Business phone
- +1 345 949 0100adviserinfo.sec.gov
- 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 25, 2024
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $2.0Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- LAV Holdings LLC (Shareholder), E
- business phone
- +1 345 949 0100adviserinfo.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
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| LAV Fund VI, L.P. | Fund | unknown | Unknown | $1.3B Mar 25, 2024 | 116 | $0 of $900M | Jan 21, 2021 |
| LAV Fund VI Opportunities, L.P. | Opportunity fund | unknown | Unknown | $642M Mar 25, 2024 | 116 | $0 of $450M | Jan 21, 2021 |
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, 0 departed
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
2 disclosed
Timeline
3 dated events
- Mar 19, 2021LAV Investment Adviser Limited 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)
- Mar 19, 2021LAV Fund VI, L.P. first reported on Form ADV by LAV Investment Adviser Limited (Private Equity Fund), GAV $929,266,667Fund first reported on Form ADVFundsFactLAV Fund VI, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 19, 2021LAV Fund VI Opportunities, L.P. first reported on Form ADV by LAV Investment Adviser Limited (Private Equity Fund), GAV $464,633,333Fund first reported on Form ADVFundsFactLAV Fund VI Opportunities, 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 $1,956M
Evidence
19 observations from 2 sources