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•••••• V••••••• X••• L•••
B•••••• V••••••• X••• L•••
Amounts, each with its basis
- Vintage
- 2018basis: 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
- $800Mwhat may be sold, not what was raised; file 021-305426, sworn by the adviser or filed under this vehicle
- Form D sold
- $800Mas of the filing of Feb 12, 2018, 115 investors
- First sale
- Feb 1, 2018
- Reported GAV
- $1.3Bon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 116
- Reported on ADV
- Mar 29, 2019 to Mar 29, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2018-02-12: the stated $800.0M offering reported fully sold (fr-1)
evidence dated Feb 12, 2018. 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
Harvest
vintage over 7 years, still reported
age years: 8first sale: 2018-02-01vintage year: $2,018adv gav as of: 2024-03-29vintage basis: form_d_first_saleform d sold usd: $800Mform d offering usd: $800Mform d latest filed at: 2018-02-12
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2019 | Venture Capital Fund | $784M | 116 | 1% | yes | ||
| Mar 30, 2020 | Private Equity Fund | $736M | 116 | 1% | yes | ||
| Apr 29, 2020 | Private Equity Fund | $783M | 116 | 1% | yes | ||
| Mar 31, 2021 | Private Equity Fund | $1.1B | 116 | 1% | yes | ||
| Mar 31, 2022 | Private Equity Fund | $2.2B | 114 | 1% | yes | ||
| Mar 30, 2023 | Private Equity Fund | $1.6B | 114 | 1% | yes | ||
| Apr 24, 2023 | Private Equity Fund | $1.6B | 114 | 1% | yes | ||
| Mar 29, 2024 | Private Equity Fund | $1.3B | 116 | 1% | yes |
Principals and agents
11 principals on Form D, 0 placement agents
- B•••••• P••••••• X••• L•• Executive Officer
- J•••• F•••••• Executive Officer
- D••••••• T•••••• Executive Officer
- M•••••• B•••• Executive Officer
- N••••• A•••••• Executive Officer
- R•••• L•• Executive Officer
- I•••• P••••••• Executive Officer
- R•••••• F•••••••• Executive Officer
- S•••• T•••• Executive Officer
- C•••••• S••••• Executive Officer
- M•••• E•••••• Executive Officer
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 |
|---|---|---|---|---|---|---|---|---|
| A••••• P•••••••• F••• C••••••••• apfc.org | 2018 | $23.0M | n/a | n/a | n/a | not meaningful yet | unknown | 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
3 events
- Dec 31, 2025APFC reports B•••••• V••••••• X•• L•: $23,000,000 committed, vintage 2018LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 29, 2019B•••••• V••••••• X••• L••• first reported on Form ADV by B•••••• M••••••••• C•••• (Venture Capital Fund), GAV $784,152,684Fund 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)
- Feb 12, 2018B•••••• V••••••• X••• L••• filed Form D: $800,000,000 sold of $800,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $800M Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $800M Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2018-02-01 Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 115 Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: ONE MARINA PARK DRIVE, SUITE 1100, BOSTON, MA, 02210 Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2018 Feb 12, 2018 Fact SEC EDGAR Form D data sets (quarterly)