DFX Intelligence
Lago Delta Nine Fund, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalother manager vehicleADV: Private Equity FundOutside venture scope
A private equity fund outside venture scope, shown because its manager is on the venture graph.
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: 12 Apr 2023, Latest Form D filed on 12 Apr 2023: $11.8M sold of $11.8M offered, 106 investors. A Form D amount is what was sold at the filing, never a final close.
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
- $11.8Mwhat may be sold, not what was raised; file 021-478619, sworn by the adviser or filed under this vehicle
- Form D sold
- $11.8Mas of the filing of Apr 12, 2023, 106 investors
- First sale
- Jun 25, 2021
- Reported GAV
- $10.6Mon the Form ADV filed Mar 25, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 100
- Reported on ADV
- Mar 30, 2022 to Mar 25, 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.Closed to new capital
Form D filed or amended 2023-04-12: the stated $11.8M offering reported fully sold (fr-1)
evidence dated Apr 12, 2023.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Jun 25, 2021vintage year: 2021adv gav as of: Mar 25, 2026vintage basis: Form d first saleform d sold: $11.8Mform d offering: $11.8Mform d latest filed at: Apr 12, 2023
The fund's own reporting through time
14 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Private Equity Fund | $6.4M | 90 | $150,000 | 1% | yes | |
| Jun 29, 2022 | Private Equity Fund | $6.4M | 90 | $150,000 | 1% | yes | |
| Jul 5, 2022 | Private Equity Fund | $6.4M | 90 | $150,000 | 1% | yes | |
| Jul 17, 2022 | Private Equity Fund | $6.4M | 90 | $150,000 | 1% | yes | |
| Jul 22, 2022 | Private Equity Fund | $6.4M | 90 | $150,000 | 1% | yes | |
| Mar 30, 2023 | Private Equity Fund | $12.1M | 100 | $150,000 | 1% | yes | |
| Apr 17, 2023 | Private Equity Fund | $12.1M | 100 | $150,000 | 1% | yes | |
| Apr 17, 2023 | Private Equity Fund | $12.1M | 100 | $150,000 | 1% | yes | |
| Aug 29, 2023 | Private Equity Fund | $12.1M | 100 | $150,000 | 1% | yes | |
| Dec 22, 2023 | Private Equity Fund | $12.1M | 100 | $150,000 | 1% | yes | |
| Mar 28, 2024 | Private Equity Fund | $11.3M | 100 | $150,000 | 1% | yes | |
| Apr 28, 2024 | Private Equity Fund | $11.3M | 100 | $150,000 | 1% | yes | |
| Nov 1, 2024 | Private Equity Fund | $11.3M | 100 | $150,000 | 1% | yes | |
| Mar 25, 2026 | Private Equity Fund | $10.6M | 100 | $150,000 | 1% |
Principals and agents
3 principals on Form D, 0 placement agents
- TIM Gottfried Executive Officer
- Heather la Freniere Executive Officer
- . LAGO Delta Nine GP, LLC Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorBENNETT THRASHER PC · ATLANTA, Georgia, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- AdministratorBIP CAPITAL, LLC · ATLANTA, Georgia, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- CustodianFLAGSTAR FINANCIAL, INC · HICKSVILLE, New York, United StatesForm ADV filed Mar 25, 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
3 events
- Mar 25, 2026Custodian changed: FLAGSTAR FINANCIAL, INC replaced NEW YORK COMMUNITY BANK, first reported on the Form ADV filed March 25, 2026 (previous filing April 21, 2025)Custodian changed Fact Form ADV
- Apr 12, 2023LAGO Delta Nine Fund, LP filed Form D: $11,807,500 sold of $11,807,500, Private Equity FundForm D filed Fact Form D
- Mar 30, 2022Lago Delta Nine Fund, LP first reported on Form ADV by Lago Asset Management (Private Equity Fund), GAV $6,445,854Fund first reported on Form ADV Fact Form ADV
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 12, 2023 Fact Form D
- Form D fund type: Private Equity Fund Apr 12, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 12, 2023 Fact Form D
- Amendment: false Apr 12, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 12, 2023 Fact Form D
- Incorporated: withinFiveYears Apr 12, 2023 Fact Form D
- Jurisdiction: Delaware Apr 12, 2023 Fact Form D
- Amount sold (Form D): $11.8M Apr 12, 2023 Fact Form D
- Offering amount (Form D): $11.8M Apr 12, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Apr 12, 2023 Fact Form D
- First sale: 2021-06-25 Apr 12, 2023 Fact Form D
- Investors (Form D): 106 Apr 12, 2023 Fact Form D
- Minimum investment (Form D): 50,000 Apr 12, 2023 Fact Form D
- Securities offered: Equity, pooled Apr 12, 2023 Fact Form D
- Office address: Apr 12, 2023 Fact Form D
- Year of incorporation: 2021 Apr 12, 2023 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Lago Delta Nine Fund, LP is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA 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
1 identity change, 2 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Form D filed2023-04-12source on record
- Fund first reported on ADV2022-03-30source 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.