DFX Intelligence
5y Capital Evolution Fund II, L.P.
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
Nothing material in the last 365 days. Last change: 31 Mar 2025, 2 public LP reports name this vehicle; the latest, New York State Common Retirement Fund as of 31 Mar 2025, shows $3.29M committed.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2021basis: 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
- $653Mwhat may be sold, not what was raised; file 021-395454, sworn by the adviser or filed under this vehicle
- Form D sold
- $653Mas of the filing of Apr 12, 2021, 82 investors
- First sale
- Mar 26, 2021
- Reported GAV
- $741Mon the Form ADV filed Mar 24, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 80
- Reported on ADV
- Mar 30, 2022 to Mar 24, 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 2021-04-12: the stated $653.2M offering reported fully sold (fr-1)
evidence dated Apr 12, 2021.
LifecycleMature
vintage 4 to 7 years
age years: 5first sale: Mar 26, 2021vintage year: 2021adv gav as of: Mar 24, 2026vintage basis: Form d first saleform d sold: $653Mform d offering: $653Mform d latest filed at: Apr 12, 2021
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Venture Capital Fund | $647M | 82 | $100,000 | 1% | yes | |
| Feb 17, 2023 | Venture Capital Fund | $684M | 82 | $100,000 | 1% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $676M | 80 | $102,000 | 1% | yes | |
| Mar 24, 2026 | Venture Capital Fund | $741M | 80 | $102,000 | 1% |
Principals and agents
1 principal on Form D, 0 placement agents
- Limited 5y Capital GP Director
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorPwC · CAYMAN ISLANDS, Cayman IslandsForm ADV filed Mar 24, 2026 reports.adviserinfo.sec.gov
- AdministratorAlter Domus · HONG KONG, ChinaForm ADV filed Mar 24, 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).
2 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| New York State Common Retirement Fund osc.ny.gov | 2021 | $3.3M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Mar 31, 2025 |
| New York State Common Retirement Fund osc.ny.gov | 2021 | $3.3M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Mar 26, 2021 |
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 |
|---|---|---|---|---|
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | $3.3M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
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
- Mar 31, 2025NYSCRF reports 5Y Capital Evolution Fund II, LP: $3,291,852 committed, vintage 2021 via New York Co-Investment Pool Asia Investors III, LPLP commitment disclosed Fact Pension disclosure
- Mar 30, 20225y Capital Evolution Fund II, L.P. first reported on Form ADV by Evolution Capital Management Limited (Venture Capital Fund), GAV $647,056,363Fund first reported on Form ADV Fact Form ADV
- Apr 12, 20215y Capital Evolution Fund II, L.P. filed Form D: $653,158,000 sold of $653,158,000, Venture Capital FundForm D filed Fact Form D
- Mar 26, 2021NYSCRF commits $3,291,852 to 5Y Capital Evolution Fund II, L.P. through the NYAI Co-Investment Fund III, L.P., closed 2021-03-26, existing relationshipLP commitment closed Fact Pension disclosure
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 12, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Apr 12, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 12, 2021 Fact Form D
- Amendment: false Apr 12, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 12, 2021 Fact Form D
- Incorporated: withinFiveYears Apr 12, 2021 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Apr 12, 2021 Fact Form D
- Amount sold (Form D): $653M Apr 12, 2021 Fact Form D
- Offering amount (Form D): $653M Apr 12, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Apr 12, 2021 Fact Form D
- First sale: 2021-03-26 Apr 12, 2021 Fact Form D
- Investors (Form D): 82 Apr 12, 2021 Fact Form D
- Minimum investment (Form D): 0 Apr 12, 2021 Fact Form D
- Securities offered: pooled Apr 12, 2021 Fact Form D
- Office address: Apr 12, 2021 Fact Form D
- Year of incorporation: 2021 Apr 12, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
Across the graphs
5y Capital Evolution Fund II, L.P. 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.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Capital chain
5y Capital Evolution Fund II, L.P. sits on 5 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 5 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
4 dated events on the change ledger, latest event first
- LP commitment disclosed2025-03-31source on record
- Fund first reported on ADV2022-03-30source on record
- Form D filed2021-04-12source 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.