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 / B••• C•••••• V•••••• F••• 2•••• L•••
B••• C•••••• V•••••• F••• 2•••• L•••
Amounts, each with its basis
- Vintage
- 2022basis: name year
- 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 021-448710, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 9, 2022
- First sale
- unknown
- Reported GAV
- $1.4Bon the Form ADV filed Jul 31, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 203
- Reported on ADV
- Mar 31, 2023 to Jul 31, 2024
- Structure
- master
Fundraising evidence
Unknown
latest Form D 2022-06-09, older than 15 months (fr-1)
evidence dated Jun 9, 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2024-07-31vintage basis: name_yearform d sold usd: 0form d offering usd: n/aform d latest filed at: 2022-06-09
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Venture Capital Fund | $1.2B | 198 | $5.0M | 10% | yes | |
| Apr 29, 2023 | Venture Capital Fund | $1.2B | 198 | $5.0M | 10% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $1.4B | 203 | $5.0M | 8% | yes | |
| Jun 28, 2024 | Venture Capital Fund | $1.4B | 203 | $5.0M | 8% | yes | |
| Jul 31, 2024 | Venture Capital Fund | $1.4B | 203 | $5.0M | 8% | yes |
Principals and agents
2 principals on Form D, 1 placement agents
- A••• A•••••• Executive Officer
- E•••••• S•••• Executive Officer
- B••• C•••••• M••••••• L•• placement agent
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 |
|---|---|---|---|---|---|---|---|---|
| C••••••••• P••••• E••••••••• R••••••••• S••••• calpers.ca.gov | 2023 | $150M | $98.6M | $0 | $144M | 29.9% | 1.5x | 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
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
- Dec 31, 2025CalPERS reports B••• C•••••• V•••••• F••• 2•••• L•••: $150,000,000 committed, vintage 2023, net IRR 29.9%, 1.5xLP commitment disclosed Fact P••••• pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025CalPERS reports B••• C•••••• V•••••• F••• 2•••• L•••: $150,000,000 committed, vintage 2023, net IRR 29.9%, 1.5xLP commitment disclosed Fact P••••• pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2023B••• C•••••• V•••••• F••• 2•••• L••• first reported on Form ADV by B••• C•••••• V•••••••• L• (Venture Capital Fund), GAV $1,169,354,000Fund 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)
- Jun 9, 2022B••• C•••••• V•••••• F••• 2•••• L••• filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 200 CLARENDON STREET, BOSTON, MA, 02116 Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Jun 9, 2022 Fact SEC EDGAR Form D data sets (quarterly)