DFX Intelligence
Rcapital Orbiter II, a Series of Republic Capital Master Fund, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital FundSingle-purpose vehicle
A single-purpose vehicle, usually formed for one deal.
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- +39%reported GAV
Reported gross assets rose from $8.32M to $11.6M between the Form ADV filings of 29 Jul 2024 and 22 Jun 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
- 2022basis: 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
- $6.7Mwhat may be sold, not what was raised; file 021-451830, sworn by the adviser or filed under this vehicle
- Form D sold
- $6.7Mas of the filing of Jul 11, 2022, 18 investors
- First sale
- Jul 7, 2022
- Reported GAV
- $11.6Mon the Form ADV filed Jun 22, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 15
- Reported on ADV
- Mar 31, 2023 to Jun 22, 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 2022-07-11: the stated $6.7M offering reported fully sold (fr-1)
evidence dated Jul 11, 2022.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: Jul 7, 2022vintage year: 2022adv gav as of: Jun 22, 2026vintage basis: Form d first saleform d sold: $6.7Mform d offering: $6.7Mform d latest filed at: Jul 11, 2022
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Venture Capital Fund | $6.6M | 15 | $100,000 | 50% | yes | |
| May 24, 2023 | Venture Capital Fund | $6.6M | 15 | $100,000 | 50% | yes | |
| Aug 30, 2023 | Venture Capital Fund | $6.6M | 15 | $100,000 | 50% | yes | |
| Feb 23, 2024 | Venture Capital Fund | $6.6M | 15 | $100,000 | 50% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $8.3M | 15 | $100,000 | 20% | yes | |
| May 17, 2024 | Venture Capital Fund | $8.3M | 15 | $100,000 | 20% | yes | |
| Jul 29, 2024 | Venture Capital Fund | $8.3M | 15 | $100,000 | 20% | yes | |
| Jun 22, 2026 | Venture Capital Fund | $11.6M | 15 | $100,000 | 20% |
Principals and agents
3 principals on Form D, 0 placement agents
- Richard Thoms Executive Officer
- LLC Assure Fund Management II Executive Officer
- LLC Republic Capital GP Director
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorHAYNIE & COMPANY · WEST VALLEY CITY, Utah, United StatesForm ADV filed Jun 22, 2026 reports.adviserinfo.sec.gov
- AdministratorNAV CONSULTING, INC. · OAKBROOK TERRACE, Illinois, United StatesForm ADV filed Jun 22, 2026 reports.adviserinfo.sec.gov
- CustodianGRASSHOPPER BANK, NATIONAL ASSOCIATION · NEW YORK, New York, United StatesForm ADV filed Jun 22, 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.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
5 events
- Mar 28, 2025Custodian changed: GRASSHOPPER BANK, NATIONAL ASSOCIATION replaced LEWIS & CLARK BANCORP, first reported on the Form ADV filed March 28, 2025 (previous filing July 29, 2024)Custodian changed Fact Form ADV
- Mar 29, 2024Administrator changed: NAV CONSULTING, INC. replaced REPUBLIC FUND ADMIN LLC, first reported on the Form ADV filed March 29, 2024 (previous filing February 23, 2024)Administrator changed Fact Form ADV
- Mar 29, 2024Custodian changed: LEWIS & CLARK BANCORP replaced EVOLVE BANCORP, INC., first reported on the Form ADV filed March 29, 2024 (previous filing February 23, 2024)Custodian changed Fact Form ADV
- Mar 31, 2023Rcapital Orbiter II, a Series of Republic Capital Master Fund, LP first reported on Form ADV by Republic Capital (Venture Capital Fund), GAV $6,619,740Fund first reported on Form ADV Fact Form ADV
- Jul 11, 2022RCapital Orbiter II, a Series of Republic Capital Master Fund, LP filed Form D: $6,703,000 sold of $6,703,000, Other Investment FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 11, 2022 Fact Form D
- Form D fund type: Other Investment Fund Jul 11, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 11, 2022 Fact Form D
- Amendment: false Jul 11, 2022 Fact Form D
- Incorporated: withinFiveYears Jul 11, 2022 Fact Form D
- Jurisdiction: Delaware Jul 11, 2022 Fact Form D
- Amount sold (Form D): $6.7M Jul 11, 2022 Fact Form D
- Offering amount (Form D): $6.7M Jul 11, 2022 Fact Form D
- Exemptions: 06b, 3C.1 Jul 11, 2022 Fact Form D
- First sale: 2022-07-07 Jul 11, 2022 Fact Form D
- Investors (Form D): 18 Jul 11, 2022 Fact Form D
- Minimum investment (Form D): 100,000 Jul 11, 2022 Fact Form D
- Securities offered: pooled Jul 11, 2022 Fact Form D
- Office address: Jul 11, 2022 Fact Form D
- Year of incorporation: 2022 Jul 11, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Rcapital Orbiter II, a Series of Republic Capital Master Fund, LP is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-03-31source on record
- Form D filed2022-07-11source 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.