TCP Exploration Fund 2021, LP

Fundmanaged by Quid Capital Group Holdings, LLC· Delaware
Vintage
2021
Form D sold
$52.4M
Reported gross assets
$410M
Form ADV, Mar 31, 2026
MatureFundraising status unknownADV: Venture Capital Fund
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Ask DFX about thisView relationshipsAmountsLimited partners
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

  1. +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.

    Derivedtwo Form ADV Schedule D filingsFor LPs, secondaries buyersReporting →
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

Unknown
latest Form D 2021-05-13, older than 15 months (fr-1)
evidence dated May 13, 2021.

Lifecycle

Mature
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
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2022Venture Capital Fund$48.3M
9$33,0000%no
Jun 22, 2022Venture Capital Fund$48.3M
9$33,0000%no
Sep 7, 2022Venture Capital Fund$48.3M
9$33,0000%no
Mar 31, 2023Venture Capital Fund$76.3M
10$33,0000%no
Apr 28, 2023Venture Capital Fund$76.3M
10$33,0000%no
May 1, 2023Venture Capital Fund$76.3M
10$33,0000%no
Mar 28, 2024Venture Capital Fund$87.5M
10$33,0000%no
Mar 31, 2026Venture Capital Fund$410M
10$33,0000%

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

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

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
  1. Mar 31, 2022
    TCP Exploration Fund 2021, LP first reported on Form ADV by Quid Capital Group Holdings, LLC (Venture Capital Fund), GAV $48,259,417
    Fund first reported on Form ADV Fact Form ADV
  2. May 13, 2021
    TCP Exploration Fund 2021, LP filed Form D: $52,425,000 sold of $100,000,000, Pooled Investment Fund
    Form 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.

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Record history

2 dated events on the change ledger, latest event first
  • Fund first reported on ADV
    2022-03-31source on record
  • Form D filed
    2021-05-13source 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.