DFX Intelligence
Work-Bench Kelethin, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +25%reported GAV
Reported gross assets rose from $11.3M to $14M between the Form ADV filings of 26 Mar 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
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
- $79,000what may be sold, not what was raised; file 021-353284, sworn by the adviser or filed under this vehicle
- Form D sold
- $79,000as of the filing of Nov 13, 2019, 4 investors
- First sale
- Oct 23, 2019
- Reported GAV
- $14.0Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 4
- Reported on ADV
- Mar 27, 2020 to Mar 31, 2026
Fundraising evidenceWhat counts as raisingA 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.
Closed to new capital
Form D filed or amended 2019-11-13: the stated $79,000 offering reported fully sold (fr-1)
evidence dated Nov 13, 2019.
LifecycleMature
vintage 4 to 7 years
age years: 7first sale: Oct 23, 2019vintage year: 2019adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $79,000form d offering: $79,000form d latest filed at: Nov 13, 2019
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2020 | Venture Capital Fund | $83,083 | 4 | $5,250 | 0% | no | |
| Mar 31, 2021 | Venture Capital Fund | $5.0M | 4 | $5,250 | 0% | no | |
| Mar 24, 2022 | Venture Capital Fund | $18.7M | 4 | $5,250 | 0% | no | |
| Apr 5, 2023 | Venture Capital Fund | $14.8M | 4 | $5,250 | 0% | no | |
| Mar 26, 2024 | Venture Capital Fund | $11.3M | 4 | $5,250 | 0% | no | |
| Mar 31, 2026 | Venture Capital Fund | $14.0M | 4 | $5,250 | 0% |
Principals and agents
3 principals on Form D, 0 placement agents
- Jonathan Lehr Executive Officer
- Jessica Lin Executive Officer
- Work-Bench Management, LLC Executive Officer
Service providers
1 named on Form ADV Schedule D and Form D
- AdministratorNORTH MOUNTAIN FUND SERVICES · DANVILLE, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach 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).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Thomas L Kempner Jr Foundation Inc | FOUNDATION | $288,722 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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
3 events
- Mar 31, 2025Administrator changed: NORTH MOUNTAIN FUND SERVICES replaced ADURO ADVISORS, LLC, first reported on the Form ADV filed March 31, 2025 (previous filing March 26, 2024)Administrator changed Fact Form ADV
- Mar 27, 2020Work-Bench Kelethin, LLC first reported on Form ADV by Work-Bench Management, LLC (Venture Capital Fund), GAV $83,083Fund first reported on Form ADV Fact Form ADV
- Nov 13, 2019Work-Bench Kelethin, LLC filed Form D: $79,000 sold of $79,000, Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Fact Form D
- Entity type: Limited Liability Company Nov 13, 2019 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Nov 13, 2019 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Nov 13, 2019 Fact Form D
- Amendment: false Fact Form D
- Amendment: false Nov 13, 2019 Fact Form D
- Revenue range (Form D): Decline to Disclose Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 13, 2019 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Nov 13, 2019 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Nov 13, 2019 Fact Form D
- Amount sold (Form D): $79,000 Fact Form D
- Amount sold (Form D): $79,000 Nov 13, 2019 Fact Form D
- Offering amount (Form D): $79,000 Fact Form D
- Offering amount (Form D): $79,000 Nov 13, 2019 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Nov 13, 2019 Fact Form D
- First sale: 2019-10-23 Fact Form D
- First sale: 2019-10-23 Nov 13, 2019 Fact Form D
- Investors (Form D): 4 Fact Form D
- Investors (Form D): 4 Nov 13, 2019 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Nov 13, 2019 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Nov 13, 2019 Fact Form D
- Office address: Fact Form D
- Office address: Nov 13, 2019 Fact Form D
- Year of incorporation: 2019 Fact Form D
- Year of incorporation: 2019 Nov 13, 2019 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Work-Bench Kelethin, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2020-03-27source on record
- Form D filed2019-11-13source 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.