DFX Intelligence
Precursor Ventures Outgrowth, LP - Series 12
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -62%reported GAV
Reported gross assets fell from $544K to $207K 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
- 2022basis: 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
- $775,000what may be sold, not what was raised; file 021-428405, sworn by the adviser or filed under this vehicle
- Form D sold
- $775,000as of the filing of Jan 7, 2022, 1 investor
- First sale
- Jan 7, 2022
- Reported GAV
- $206,994on the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 1
- Reported on ADV
- Mar 31, 2023 to Mar 31, 2026
Fundraising evidenceWhat 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.
Closed to new capital
Form D filed or amended 2022-01-07: the stated $775,000 offering reported fully sold (fr-1)
evidence dated Jan 7, 2022.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: Jan 7, 2022vintage year: 2022adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $775,000form d offering: $775,000form d latest filed at: Jan 7, 2022
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Venture Capital Fund | $775,000 | 1 | 0% | no | ||
| Mar 28, 2024 | Venture Capital Fund | $543,741 | 1 | 0% | no | ||
| Mar 31, 2026 | Venture Capital Fund | $206,994 | 1 | 0% |
Principals and agents
1 principal on Form D, 0 placement agents
- LLC Precursor Ventures I GP Director
Service providers
2 named on Form ADV Schedule D and Form D
- AdministratorFLOW · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianApex Group · DALLAS, Texas, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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 allocatorsWhat 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
3 events
- Mar 28, 2025Custodian changed: Apex Group replaced First Republic Bank, first reported on the Form ADV filed March 28, 2025 (previous filing March 28, 2024)Custodian changed Fact Form ADV
- Mar 31, 2023Precursor Ventures Outgrowth, LP - Series 12 first reported on Form ADV by Precursor Ventures Management, LLC (Venture Capital Fund), GAV $775,000Fund first reported on Form ADV Fact Form ADV
- Jan 7, 2022Precursor Ventures Outgrowth, LP - Series 12 filed Form D: $775,000 sold of $775,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 7, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jan 7, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 7, 2022 Fact Form D
- Amendment: false Jan 7, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 7, 2022 Fact Form D
- Incorporated: withinFiveYears Jan 7, 2022 Fact Form D
- Jurisdiction: Delaware Jan 7, 2022 Fact Form D
- Amount sold (Form D): $775,000 Jan 7, 2022 Fact Form D
- Offering amount (Form D): $775,000 Jan 7, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jan 7, 2022 Fact Form D
- First sale: 2022-01-07 Jan 7, 2022 Fact Form D
- Investors (Form D): 1 Jan 7, 2022 Fact Form D
- Minimum investment (Form D): 10,000 Jan 7, 2022 Fact Form D
- Securities offered: pooled Jan 7, 2022 Fact Form D
- Office address: Jan 7, 2022 Fact Form D
- Year of incorporation: 2021 Jan 7, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Precursor Ventures Outgrowth, LP - Series 12 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 ADV2023-03-31source on record
- Form D filed2022-01-07source 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.