DFX Intelligence
Shield Capital Fund I, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +30%reported GAV
Reported gross assets rose from $189M to $246M between the Form ADV filings of 27 Mar 2024 and 31 Mar 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
- 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
- $240Mwhat may be sold, not what was raised; file 021-417538, sworn by the adviser or filed under this vehicle
- Form D sold
- $152Mas of the filing of Jan 24, 2023, 90 investors
- First sale
- Sep 30, 2021
- Reported GAV
- $246Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 99
- Reported on ADV
- Dec 1, 2021 to Mar 31, 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
latest Form D 2023-01-24, older than 15 months (fr-1)
evidence dated Jan 24, 2023.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Sep 30, 2021vintage year: 2021adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $152Mform d offering: $240Mform d latest filed at: Jan 24, 2023
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Dec 1, 2021 | Venture Capital Fund | $71.8M | 30 | 10% | no | ||
| Mar 31, 2022 | Venture Capital Fund | $80.1M | 36 | 10% | no | ||
| Mar 30, 2023 | Venture Capital Fund | $137M | 74 | 29% | yes | ||
| May 22, 2023 | Venture Capital Fund | $137M | 74 | 29% | yes | ||
| Mar 27, 2024 | Venture Capital Fund | $189M | 99 | 9% | yes | ||
| Mar 31, 2026 | Venture Capital Fund | $246M | 99 | 9% |
Principals and agents
4 principals on Form D, 0 placement agents
- Philip M. Bilden Director
- . Shield Capital, LLC Director
- . Shield Capital Fund I GP, LLC Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorKPMG · BOSTON, Massachusetts, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorGP FUND SOLUTIONS, LLC · LATHAM, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- MarketerDENNING AND COMPANY · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 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
- Mar 27, 2024Administrator changed: GP FUND SOLUTIONS, LLC replaced Carta, first reported on the Form ADV filed March 27, 2024 (previous filing May 22, 2023)Administrator changed Fact Form ADV
- Jan 24, 2023Shield Capital Fund I, L.P. filed Form D/A: $151,835,000 sold of $240,000,000, Venture Capital FundForm D filed Fact Form D
- Dec 1, 2021Shield Capital Fund I, L.P. first reported on Form ADV by Shield Capital, LLC (Venture Capital Fund), GAV $71,800,000Fund first reported on Form ADV Fact Form ADV
- Oct 19, 2021Shield Capital Fund I, L.P. filed Form D: $60,511,110 sold of $120,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 24, 2023 Fact Form D
- Entity type: Limited Partnership Oct 19, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Jan 24, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Oct 19, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 24, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 19, 2021 Fact Form D
- Amendment: true Jan 24, 2023 Fact Form D
- Amendment: false Oct 19, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 24, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 19, 2021 Fact Form D
- Incorporated: withinFiveYears Jan 24, 2023 Fact Form D
- Incorporated: withinFiveYears Oct 19, 2021 Fact Form D
- Jurisdiction: Delaware Jan 24, 2023 Fact Form D
- Jurisdiction: Delaware Oct 19, 2021 Fact Form D
- Amount sold (Form D): $152M Jan 24, 2023 Fact Form D
- Amount sold (Form D): $60.5M Oct 19, 2021 Fact Form D
- Offering amount (Form D): $240M Jan 24, 2023 Fact Form D
- Offering amount (Form D): $120M Oct 19, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jan 24, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Oct 19, 2021 Fact Form D
- First sale: 2021-09-30 Jan 24, 2023 Fact Form D
- First sale: 2021-09-30 Oct 19, 2021 Fact Form D
- Investors (Form D): 90 Jan 24, 2023 Fact Form D
- Investors (Form D): 22 Oct 19, 2021 Fact Form D
- Minimum investment (Form D): 0 Jan 24, 2023 Fact Form D
- Minimum investment (Form D): 0 Oct 19, 2021 Fact Form D
- Securities offered: Equity, pooled Jan 24, 2023 Fact Form D
- Securities offered: Equity, pooled Oct 19, 2021 Fact Form D
- Office address: Jan 24, 2023 Fact Form D
- Office address: Oct 19, 2021 Fact Form D
- Year of incorporation: 2021 Jan 24, 2023 Fact Form D
- Year of incorporation: 2021 Oct 19, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Shield Capital Fund I, L.P. 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.
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Record history
3 dated events on the change ledger, latest event first
- Form D filed2023-01-24source on record
- Fund first reported on ADV2021-12-01source on record
- Form D filed2021-10-19source 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.