DFX Intelligence

Venture Capital Intelligence

Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

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Funds / I••••••••• V•••••• P••••••• X••• L•••

I••••••••• V•••••• P••••••• X••• L•••

HarvestClosed to new capitalFundADV: Venture Capital FundI••••••••• V•••••• M••••••••• X••• L••Delaware

Amounts, each with its basis

Vintage: 2017basis: 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: $1.5Bwhat may be sold, not what was raised; file 021-295453, sworn by the adviser or filed under this vehicle
Form D sold: $1.5Bas of the filing of Sep 27, 2017, 181 investors
First sale: Sep 20, 2017
Reported GAV: $2.3Bon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
Owners (ADV): 181
Reported on ADV: Nov 21, 2017 to Mar 27, 2024
Structure: master

Fundraising evidence

Closed to new capital

Form D filed or amended 2017-09-27: the stated $1.5bn offering reported fully sold (fr-1)

evidence dated Sep 27, 2017. A 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.

Lifecycle

Harvest

vintage over 7 years, still reported

age years: 9first sale: 2017-09-20vintage year: $2,017adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $1.5Bform d offering usd: $1.5Bform d latest filed at: 2017-09-27

The fund's own reporting through time

9 Form ADV filings

Filed	Type	Gross asset value	Owners	Min. investment	Adviser-owned	Audit
Nov 21, 2017	Venture Capital Fund	$1.6B	182	$175,000	4%	yes
Mar 26, 2018	Venture Capital Fund	$1.6B	182	$175,000	4%	yes
Aug 20, 2018	Venture Capital Fund	$1.7B	181	$175,000	4%	yes
Mar 26, 2019	Venture Capital Fund	$548M	181	$175,000	4%	yes
Mar 27, 2020	Venture Capital Fund	$1.9B	181	$175,000	4%	yes
Mar 26, 2021	Venture Capital Fund	$3.2B	182	$175,000	4%	yes
Mar 25, 2022	Venture Capital Fund	$4.6B	183	$175,000	4%	yes
Mar 27, 2023	Venture Capital Fund	$2.9B	181	$175,000	4%	yes
Mar 27, 2024	Venture Capital Fund	$2.3B	181	$175,000	4%	yes

Principals and agents

10 principals on Form D, 0 placement agents

S••••• a• D••• Promoter
N••••• a• F•••••••• Promoter
T••• C• C•••••• Promoter
S•••••• J• H•••••• Promoter
E••• a• L••• Promoter
D••••• B• P••••• Promoter
J•••• a• M•••• Promoter
I••••••••• V•••••• M••••••••• X••• L•• Promoter
J• S•••••• M••••• Promoter
I••••••••• V•••••• M••••••••• H••••••• X••• L•• Promoter

Limited partners and their reported performance

1 public LP report

LP	Vintage (LP’s)	Committed	Paid in	Distributed	Remaining value	Net IRR	Multiple	As of
A••••• P•••••••• F••• C••••••••• apfc.org	2017	$50.0M	n/a	n/a	n/a	not meaningful yet	unknown	Dec 31, 2025

Each 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).

Investments attributed to this vehicle

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

Dec 31, 2025
APFC reports I••••••••• V•••••• P••••••• X•• L•: $50,000,000 committed, vintage 2017
LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
Nov 21, 2017
I••••••••• V•••••• P••••••• X••• L••• first reported on Form ADV by I••••••••• V•••••• M••••••••• X••• L•• (Venture Capital Fund), GAV $1,559,692,309
Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Sep 27, 2017
I••••••••• V•••••• P••••••• X••• L••• filed Form D: $1,500,000,000 sold of $1,500,000,000, Venture Capital Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)

Evidence

16 observations

Every observation on this vehicle

Entity type: Limited Partnership Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Venture Capital Fund Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: false Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Revenue range (Form D): Decline to Disclose Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $1.5B Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $1.5B Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06b, 3C, 3C.7 Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
First sale: 2017-09-20 Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 181 Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Office address: c/o I••••••••• Venture Partners, 3000 SAND HILL ROAD, BUILDING 2-250, MENLO PARK, CA, 94025 Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2017 Sep 27, 2017 Fact SEC EDGAR Form D data sets (quarterly)