Twelve Below I LP

Fundmanaged by Twelve Below· Delaware
Reported gross assets
$63.9M
Form ADV, Mar 5, 2026
UnknownFundraising status unknownADV: Venture Capital Fund
More
As of · the latest observation of this vehicle; each figure below carries its own filing date

What matters now

  1. +15%
    reported GAV

    Reported gross assets rose from $55.4M to $63.9M between the Form ADV filings of 14 Mar 2024 and 5 Mar 2026.

    The fund's assets as the adviser swears them, never its size or dry powder.

    Derivedtwo Form ADV Schedule D filingsFor LPs, secondaries buyersReporting →
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
indefinitewhat may be sold, not what was raised; file 021-407275, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of Jul 22, 2021
First sale
unknown
Reported GAV
$63.9Mon the Form ADV filed Mar 5, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
43
Reported on ADV
Jan 4, 2022 to Mar 5, 2026

Fundraising evidence

Unknown
latest Form D 2021-07-22, older than 15 months (fr-1)
evidence dated Jul 22, 2021.

Lifecycle

Unknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 5, 2026vintage basis: n/aform d sold: $0form d offering: n/aform d latest filed at: Jul 22, 2021

The fund's own reporting through time

4 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Jan 4, 2022Venture Capital Fund$49.7M
33$1.0M1%yes
Mar 29, 2023Venture Capital Fund$54.6M
431%yes
Mar 14, 2024Venture Capital Fund$55.4M
431%yes
Mar 5, 2026Venture Capital Fund$63.9M
431%

Principals and agents

1 principal on Form D, 0 placement agents

Service providers

3 named on Form ADV Schedule D and Form D

Limited partners and their reported performance

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

1 relationship, public pensions and the allocator graph, each counted once
AllocatorTypeAmountDateSource
Poses Family FoundationFOUNDATION$10.4M
fair value on the foundation's return
reported as of Dec 31, 2024Fact 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

2 events
  1. Jan 4, 2022
    Twelve Below I LP first reported on Form ADV by Twelve Below (Venture Capital Fund), GAV $49,692,000
    Fund first reported on Form ADV Fact Form ADV
  2. Jul 22, 2021
    Twelve Below I LP filed Form D: no sales yet (indefinite offering), Other Investment Fund
    Form D filed Fact Form D

Evidence

14 observations
Every observation on this vehicle
  • Entity type: Limited Partnership Jul 22, 2021 Fact Form D
  • Form D fund type: Other Investment Fund Jul 22, 2021 Fact Form D
  • Form D industry group: Pooled Investment Fund Jul 22, 2021 Fact Form D
  • Amendment: false Jul 22, 2021 Fact Form D
  • Incorporated: withinFiveYears Jul 22, 2021 Fact Form D
  • Jurisdiction: Delaware Jul 22, 2021 Fact Form D
  • Amount sold (Form D): $0 Jul 22, 2021 Fact Form D
  • Exemptions: 06b, 3C, 3C.1, 3C.7 Jul 22, 2021 Fact Form D
  • Indefinite offering: true Jul 22, 2021 Fact Form D
  • Investors (Form D): 0 Jul 22, 2021 Fact Form D
  • Minimum investment (Form D): 0 Jul 22, 2021 Fact Form D
  • Securities offered: Equity, pooled Jul 22, 2021 Fact Form D
  • Office address: Jul 22, 2021 Fact Form D
  • Year of incorporation: 2021 Jul 22, 2021 Fact Form D

Relationships across DFX

on 2 other DFX graphs
Across the graphs

Twelve Below I LP is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA 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

2 dated events on the change ledger, latest event first
  • Fund first reported on ADV
    2022-01-04source on record
  • Form D filed
    2021-07-22source 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.