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Funds / S••••••••• B••••• L•••

S••••••••• B••••• L•••

Early deploymentUnknownFundADV: Venture Capital FundG•••••••• C••••••Delaware
Amounts, each with its basis
Vintage
2024basis: adv first reported
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
$40.0Mwhat may be sold, not what was raised; file 021-461571, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of Oct 13, 2022
First sale
unknown
Reported GAV
$40.0Mon the Form ADV filed Mar 26, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
1
Reported on ADV
Mar 26, 2024 to Mar 26, 2024
Fundraising evidence
Unknown
latest Form D 2022-10-13, older than 15 months (fr-1)
evidence dated Oct 13, 2022. 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
Early deployment
vintage within 2 years
age years: 2first sale: n/avintage year: $2,024adv gav as of: 2024-03-26vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $40.0Mform d latest filed at: 2022-10-13
The fund's own reporting through time
1 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 26, 2024Venture Capital Fund$40.0M
11%yes
Principals and agents
2 principals on Form D, 0 placement agents
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
C••••••••• P••••• E••••••••• R••••••••• S••••• calpers.ca.gov2023$40.0M$18.7M$0$23.7M25.8%1.3xDec 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
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
  1. Dec 31, 2025
    CalPERS reports S••••••••• B••••• L•••: $40,000,000 committed, vintage 2023, net IRR 25.8%, 1.3x
    LP commitment disclosed Fact P••••• pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Dec 31, 2025
    CalPERS reports S••••••••• B••••• L•••: $40,000,000 committed, vintage 2023, net IRR 25.8%, 1.3x
    LP commitment disclosed Fact P••••• pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Mar 26, 2024
    S••••••••• B••••• L••• first reported on Form ADV by G•••••••• C•••••• (Venture Capital Fund), GAV $40,014,530
    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)
  4. Oct 13, 2022
    S••••••••• B••••• L••• filed Form D: no sales yet of $40,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
14 observations
Every observation on this vehicle