DFX Intelligence
TCP Exploration Fund 2021, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal, 4 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +369%reported GAV
Reported gross assets rose from $87.5M to $410M between the Form ADV filings of 28 Mar 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2021basis: 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
- $100Mwhat may be sold, not what was raised; file 021-399305, sworn by the adviser or filed under this vehicle
- Form D sold
- $52.4Mas of the filing of May 13, 2021, 6 investors
- First sale
- Mar 29, 2021
- Reported GAV
- $410Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 10
- Reported on ADV
- Mar 31, 2022 to Mar 31, 2026
Fundraising evidence
What counts as raisingA 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.Unknown
latest Form D 2021-05-13, older than 15 months (fr-1)
evidence dated May 13, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Mar 29, 2021vintage year: 2021adv gav as of: Mar 31, 2026vintage basis: Name yearform d sold: $52.4Mform d offering: $100Mform d latest filed at: May 13, 2021
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $48.3M | 9 | $33,000 | 0% | no | |
| Jun 22, 2022 | Venture Capital Fund | $48.3M | 9 | $33,000 | 0% | no | |
| Sep 7, 2022 | Venture Capital Fund | $48.3M | 9 | $33,000 | 0% | no | |
| Mar 31, 2023 | Venture Capital Fund | $76.3M | 10 | $33,000 | 0% | no | |
| Apr 28, 2023 | Venture Capital Fund | $76.3M | 10 | $33,000 | 0% | no | |
| May 1, 2023 | Venture Capital Fund | $76.3M | 10 | $33,000 | 0% | no | |
| Mar 28, 2024 | Venture Capital Fund | $87.5M | 10 | $33,000 | 0% | no | |
| Mar 31, 2026 | Venture Capital Fund | $410M | 10 | $33,000 | 0% |
Principals and agents
4 principals on Form D, 2 placement agents
- Landon Gyulay Executive Officer
- Joshua Berman Executive Officer
- Troy Capital Partners X GP, LLC Executive Officer
- Fnex Capital LLC placement agent
- Hollister Associates, LLC placement agent
Service providers
7 named on Form ADV Schedule D and Form D
- AdministratorSOCIUM, LLC D/B/A SUNTERA FUND SERVICES · SHORT HILLS, New Jersey, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianEQUITY TRUST COMPANY · FORT MYERS, Florida, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · MENLO PARK, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach 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).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
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
- Mar 31, 2022TCP Exploration Fund 2021, LP first reported on Form ADV by Quid Capital Group Holdings, LLC (Venture Capital Fund), GAV $48,259,417Fund first reported on Form ADV Fact Form ADV
- May 13, 2021TCP Exploration Fund 2021, LP filed Form D: $52,425,000 sold of $100,000,000, Pooled Investment FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 13, 2021 Fact Form D
- Form D industry group: Other May 13, 2021 Fact Form D
- Amendment: false May 13, 2021 Fact Form D
- Revenue range (Form D): No Revenues May 13, 2021 Fact Form D
- Incorporated: withinFiveYears May 13, 2021 Fact Form D
- Jurisdiction: Delaware May 13, 2021 Fact Form D
- Amount sold (Form D): $52.4M May 13, 2021 Fact Form D
- Offering amount (Form D): $100M May 13, 2021 Fact Form D
- Exemptions: 06b May 13, 2021 Fact Form D
- First sale: 2021-03-29 May 13, 2021 Fact Form D
- Investors (Form D): 6 May 13, 2021 Fact Form D
- Minimum investment (Form D): 0 May 13, 2021 Fact Form D
- Securities offered: equity May 13, 2021 Fact Form D
- Office address: May 13, 2021 Fact Form D
- Year of incorporation: 2021 May 13, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
TCP Exploration Fund 2021, LP is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-31source on record
- Form D filed2021-05-13source 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.