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.

Funds / HMC Needles II, LP

HMC Needles II, LP

Active deploymentUnknownFundADV: Venture Capital FundHaystack Management Company, LLCDelaware
Amounts, each with its basis
Vintage
2023basis: 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
$25.0Mwhat may be sold, not what was raised; file 021-488267, sworn by the adviser or filed under this vehicle
Form D sold
$16.1Mas of the filing of Jan 13, 2025, 25 investors
First sale
Jul 19, 2023
Reported GAV
$8.0Mon the Form ADV filed Mar 7, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
24
Reported on ADV
Mar 7, 2024 to Mar 7, 2024
Fundraising evidence
Unknown
latest Form D 2025-01-13, older than 15 months (fr-1)
evidence dated Jan 13, 2025. 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
Active deployment
vintage 2 to 4 years
age years: 3first sale: 2023-07-19vintage year: $2,023adv gav as of: 2024-03-07vintage basis: form_d_first_saleform d sold usd: $16.1Mform d offering usd: $25.0Mform d latest filed at: 2025-01-13
The fund's own reporting through time
1 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 7, 2024Venture Capital Fund$8.0M
240%no
Principals and agents
3 principals on Form D, 0 placement agents
  • Semil Shah Executive Officer
  • Haystack Management Company, LLC Director
  • Haystack Needles GP, LLC Director
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.
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. Jan 13, 2025
    HMC Needles II, L.P. filed Form D/A: $16,150,000 sold of $25,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Mar 7, 2024
    HMC Needles II, LP first reported on Form ADV by Haystack Management Company, LLC (Venture Capital Fund), GAV $7,979,427
    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)
  3. Aug 1, 2023
    HMC Needles II, L.P. filed Form D/A: $16,050,000 sold of $25,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Jul 31, 2023
    HMC Needles II, L.P. filed Form D: $16,050,000 sold of $125,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
48 observations
Every observation on this vehicle