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.

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Funds / U•• V••••••• F••• I••• L•••

U•• V••••••• F••• I••• L•••

MatureUnknownFundADV: Venture Capital FundU•• V••••••• M••••••••• C••••••• L••Delaware
Amounts, each with its basis
Vintage
2019basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$135Mwhat may be sold, not what was raised; file 021-353298, sworn by the adviser or filed under this vehicle
Form D sold
$122Mas of the filing of Jan 26, 2021, 55 investors
First sale
Nov 14, 2019
Reported GAV
$123Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
81
Reported on ADV
Mar 30, 2020 to Mar 27, 2024
Fundraising evidence
Unknown
latest Form D 2021-01-26, older than 15 months (fr-1)
evidence dated Jan 26, 2021. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Mature
vintage 4 to 7 years
age years: 7first sale: 2019-11-14vintage year: $2,019adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $122Mform d offering usd: $135Mform d latest filed at: 2021-01-26
The fund's own reporting through time
5 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 30, 2020Venture Capital Fund$59.6M
3117%yes
Apr 1, 2021Venture Capital Fund$128M
608%yes
Mar 30, 2022Venture Capital Fund$135M
807%yes
Mar 31, 2023Venture Capital Fund$129M
817%yes
Mar 27, 2024Venture Capital Fund$123M
817%yes
Principals and agents
3 principals on Form D, 1 placement agents
Limited partners and their reported performance
2 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
L•• A•••••• C••• E••••••••• R••••••••• S••••• lacers.org2020n/an/an/an/a-11.1%0.6xDec 31, 2025
L•• A•••••• C••• E••••••••• R••••••••• S••••• lacers.org2021$10.0Mn/an/an/anot meaningful yetunknownJan 8, 2021

Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).

Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
6 events
  1. Dec 31, 2025
    LACERS reports U•• V••••••• F••• I••: an undisclosed amount committed, vintage 2020, net IRR -11.1%, 0.64x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Jan 26, 2021
    U•• V••••••• F••• I••• L••• filed Form D/A: $122,255,222 sold of $135,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Jan 8, 2021
    LACERS commits $10,000,000 to U•• V••••••• F••• I•• (Ulu Ventures), closed 2021-01-08, new relationship
    LP commitment closed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  4. Nov 17, 2020
    U•• V••••••• F••• I••• L••• filed Form D/A: $80,780,000 sold of $100,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  5. Mar 30, 2020
    U•• V••••••• F••• I••• L••• first reported on Form ADV by U•• V••••••• M••••••••• C••••••• L•• (Venture Capital Fund), GAV $59,630,000
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Nov 13, 2019
    U•• V••••••• F••• I••• L••• filed Form D: no sales yet of $100,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
62 observations
Every observation on this vehicle