DFX Intelligence
Blackhorn Ventures Industrial Impact Fund, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -19%reported GAV
Reported gross assets fell from $97.6M to $79.2M between the Form ADV filings of 28 Mar 2024 and 7 Aug 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
- unknownno dated first sale or first report yet
- 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
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $79.2Mon the Form ADV filed Aug 7, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 60
- Reported on ADV
- Mar 24, 2020 to Aug 7, 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.Unknown
no Form D or close on record (fr-1)
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Aug 7, 2026vintage basis: n/aform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 24, 2020 | Venture Capital Fund | $55.4M | 27 | $50,000 | 0% | yes | |
| Mar 31, 2021 | Venture Capital Fund | $48.8M | 34 | $50,000 | 1% | yes | |
| Apr 4, 2022 | Venture Capital Fund | $76.8M | 60 | $50,000 | 1% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $110M | 60 | $50,000 | 1% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $97.6M | 60 | $50,000 | 1% | yes | |
| Aug 7, 2026 | Venture Capital Fund | $79.2M | 60 | $50,000 | 1% |
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN FRANCISCO, California, United StatesForm ADV filed Aug 7, 2026 reports.adviserinfo.sec.gov
- AdministratorPETRA FUNDS GROUP, LLC · NEW YORK, New York, United StatesForm ADV filed Aug 7, 2026 reports.adviserinfo.sec.gov
- CustodianUMB FINANCIAL SERVICES, INC. · KANSAS CITY, Missouri, United StatesForm ADV filed Aug 7, 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.2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Surdna Foundation Inc | FOUNDATION | $857,587 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| The Grantham Foundation for the Protection of the Environment | FOUNDATION | $873,138 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
4 events
- Mar 31, 2025Administrator changed: PETRA FUNDS GROUP, LLC replaced Carta, first reported on the Form ADV filed March 31, 2025 (previous filing March 28, 2024)Administrator changed Fact Form ADV
- Mar 31, 2025Custodian changed: UMB FINANCIAL SERVICES, INC. replaced First Republic Bank, first reported on the Form ADV filed March 31, 2025 (previous filing March 28, 2024)Custodian changed Fact Form ADV
- Apr 4, 2022Administrator changed: Carta replaced CORNERSTONE FUND SERVICES, first reported on the Form ADV filed April 4, 2022 (previous filing March 31, 2021)Administrator changed Fact Form ADV
- Mar 24, 2020Blackhorn Ventures Industrial Impact Fund, LP first reported on Form ADV by Blackhorn Ventures Capital Management, LLC (Venture Capital Fund), GAV $55,410,000Fund first reported on Form ADV Fact Form ADV
Evidence
0 observations
Every observation on this vehicle
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Blackhorn Ventures Industrial Impact Fund, LP is the same institution as 3 records in Allocators, RIA and Wealth and Family Offices.
Allocators1RIA and Wealth1Family Offices1
DFX found 3 relationships across 3 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
1 dated event on the change ledger, latest event first
- Fund first reported on ADV2020-03-24source 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.