DFX Intelligence
Palo Alto Growth Capital LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingEvergreen or indefinite offeringADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- Form Dfiled
Latest Form D filed on 31 Oct 2025: no amount sold reported. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2024basis: 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
- indefinitewhat may be sold, not what was raised; file 021-512156, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Oct 31, 2025
- First sale
- Jul 4, 2024
- Reported GAV
- $32.8Mon the Form ADV filed Sep 12, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 12
- Reported on ADV
- Sep 12, 2026 to Sep 12, 2026
Fundraising evidence
What 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.Evergreen or indefinite offering
Form D filed or amended 2025-10-31: offering indefinite, sold $0 (fr-1)
evidence dated Oct 31, 2025.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Jul 4, 2024vintage year: 2024adv gav as of: Sep 12, 2026vintage basis: Form d first saleform d sold: $0form d offering: n/aform d latest filed at: Oct 31, 2025
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 4, 2026 | Venture Capital Fund | $32.8M | 12 | $1.0M | 7% | ||
| Sep 12, 2026 | Venture Capital Fund | $32.8M | 12 | $1.0M | 7% |
Principals and agents
2 principals on Form D, 0 placement agents
- Alexander Lazovsky Executive Officer/Director
- PA Capital Management LLC general partner (ADV 7.B.(1).A.3)
Service providers
1 named on Form ADV Schedule D and Form D
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Feb 4, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose 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 allocators
What 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
4 events
- Sep 12, 2026Palo Alto Growth Capital LLC first reported on Form ADV by PA Capital Management LLC, GAV $32,765,185Fund first reported on Form ADV Fact Form ADV
- Oct 31, 2025Palo Alto Growth Capital LLC filed Form D/A: no sales yet (indefinite offering), Private Equity FundForm D filed Fact Form D
- May 10, 2024Palo Alto Growth Capital LLC filed Form D/A: no sales yet (indefinite offering), Private Equity FundForm D filed Fact Form D
- May 2, 2024Palo Alto Growth Capital LLC filed Form D: no sales yet (indefinite offering), Private Equity FundForm D filed Fact Form D
Evidence
47 observations
Every observation on this vehicle
- Adv pdf fund: PALO ALTO GROWTH CAPITAL LLC Sep 12, 2026 Fact Form ADV
- Entity type: Limited Liability Company Oct 31, 2025 Fact Form D
- Entity type: Limited Liability Company May 10, 2024 Fact Form D
- Entity type: Limited Liability Company May 2, 2024 Fact Form D
- Form D fund type: Private Equity Fund Oct 31, 2025 Fact Form D
- Form D fund type: Private Equity Fund May 10, 2024 Fact Form D
- Form D fund type: Private Equity Fund May 2, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 31, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund May 10, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund May 2, 2024 Fact Form D
- Amendment: true Oct 31, 2025 Fact Form D
- Amendment: true May 10, 2024 Fact Form D
- Amendment: false May 2, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Oct 31, 2025 Fact Form D
- Revenue range (Form D): Not Applicable May 10, 2024 Fact Form D
- Revenue range (Form D): Not Applicable May 2, 2024 Fact Form D
- Incorporated: withinFiveYears Oct 31, 2025 Fact Form D
- Incorporated: withinFiveYears May 10, 2024 Fact Form D
- Incorporated: withinFiveYears May 2, 2024 Fact Form D
- Jurisdiction: Delaware Oct 31, 2025 Fact Form D
- Jurisdiction: Delaware May 10, 2024 Fact Form D
- Jurisdiction: Delaware May 2, 2024 Fact Form D
- Amount sold (Form D): $0 Oct 31, 2025 Fact Form D
- Amount sold (Form D): $0 May 10, 2024 Fact Form D
- Amount sold (Form D): $0 May 2, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Oct 31, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.7 May 10, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1 May 2, 2024 Fact Form D
- First sale: 2024-07-04 Oct 31, 2025 Fact Form D
- Indefinite offering: true Oct 31, 2025 Fact Form D
- Indefinite offering: true May 10, 2024 Fact Form D
- Indefinite offering: true May 2, 2024 Fact Form D
- Investors (Form D): 0 Oct 31, 2025 Fact Form D
- Investors (Form D): 0 May 10, 2024 Fact Form D
- Investors (Form D): 0 May 2, 2024 Fact Form D
- Minimum investment (Form D): 1,000,000 Oct 31, 2025 Fact Form D
- Minimum investment (Form D): 5,000,000 May 10, 2024 Fact Form D
- Minimum investment (Form D): 1,000,000 May 2, 2024 Fact Form D
- Securities offered: pooled Oct 31, 2025 Fact Form D
- Securities offered: pooled May 10, 2024 Fact Form D
- Securities offered: pooled May 2, 2024 Fact Form D
- Office address: Oct 31, 2025 Fact Form D
- Office address: May 10, 2024 Fact Form D
- Office address: May 2, 2024 Fact Form D
- Year of incorporation: 2024 Oct 31, 2025 Fact Form D
- Year of incorporation: 2024 May 10, 2024 Fact Form D
- Year of incorporation: 2024 May 2, 2024 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Palo Alto Growth Capital LLC is the same institution as 3 records in RIA and Wealth and Private Equity.
RIA and Wealth2Private Equity1
DFX found 3 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
4 dated events on the change ledger, latest event first
- Fund first reported on ADV2026-09-12source on record
- Form D filed2025-10-31source on record
- Form D filed2024-05-10source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.