DFX Intelligence
IP Successor Fund 21 L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
5 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +13%reported GAV
Reported gross assets rose from $58.6M to $66.2M between the Form ADV filings of 26 Feb 2024 and 23 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
- unknownno dated first sale or first report yet
- 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
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $66.2Mon the Form ADV filed Mar 23, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 2
- Reported on ADV
- Aug 13, 2020 to Mar 23, 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
no Form D or close on record (fr-1)
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 23, 2026vintage basis: n/aform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
17 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Oct 17, 2016 | Venture Capital Fund | $40.0M | 1 | 13% | yes | ||
| Apr 3, 2017 | Venture Capital Fund | $64.4M | 1 | 13% | yes | ||
| Sep 8, 2017 | Venture Capital Fund | $64.4M | 1 | 13% | yes | ||
| Oct 6, 2017 | Venture Capital Fund | $92.1M | 1 | 0% | no | ||
| Oct 19, 2017 | Venture Capital Fund | $92.1M | 1 | 0% | no | ||
| Sep 11, 2018 | Venture Capital Fund | $92.1M | 1 | 0% | no | ||
| Mar 27, 2019 | Venture Capital Fund | $139M | 2 | 0% | yes | ||
| Jun 28, 2019 | Venture Capital Fund | $139M | 2 | 0% | yes | ||
| Sep 24, 2019 | Venture Capital Fund | $139M | 2 | 0% | yes | ||
| Oct 1, 2019 | Venture Capital Fund | $139M | 2 | 0% | yes | ||
| Mar 20, 2020 | Venture Capital Fund | $127M | 2 | 0% | yes | ||
| Aug 13, 2020 | Venture Capital Fund | $81.4M | 2 | 0% | yes | ||
| Mar 5, 2021 | Venture Capital Fund | $62.4M | 2 | 0% | yes | ||
| Feb 7, 2022 | Venture Capital Fund | $50.4M | 2 | 0% | yes | ||
| Feb 28, 2023 | Venture Capital Fund | $64.4M | 2 | 0% | yes | ||
| Feb 26, 2024 | Venture Capital Fund | $58.6M | 2 | 0% | yes | ||
| Mar 23, 2026 | Venture Capital Fund | $66.2M | 2 | 0% |
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
8 named on Form ADV Schedule D and Form D
- AuditorBODWELL VASEK WELLS DESIMONE LLP · DALLAS, Texas, United StatesForm ADV filed Mar 23, 2026 reports.adviserinfo.sec.gov
- AdministratorBROADSCOPE FUND ADMINISTRATORS · PARAMUS, New Jersey, United StatesForm ADV filed Mar 20, 2020 sec.gov
- AdministratorMITSUBISHI UFJ INVESTOR SERVICES · HALIFAX, NOVA SCOTIA, CanadaForm ADV filed Sep 8, 2017 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
4 events
- Mar 5, 2021Auditor changed: BODWELL VASEK WELLS DESIMONE LLP replaced WHITLEY PENN, LLP, first reported on the Form ADV filed March 5, 2021 (previous filing August 13, 2020)Auditor changed Fact Form ADV
- Aug 13, 2020IP Successor Fund 21 L.P. first reported on Form ADV by AGP II, LLC (Venture Capital Fund), GAV $81,374,877Fund first reported on Form ADV Fact Form ADV
- Oct 6, 2017IP Successor Fund 21 L.P. first reported on Form ADV by Lake Bridge Capital II (Venture Capital Fund), GAV $92,141,125Fund first reported on Form ADV Fact Form ADV
- Oct 17, 2016IP Successor Fund 21 L.P. first reported on Form ADV by Lake Bridge Capital (Venture Capital Fund), GAV $40,000,000Fund first reported on Form ADV Fact Form ADV
Evidence
0 observations
Every observation on this vehicle
Relationships across DFX
on 1 other DFX graph
Across the graphs
IP Successor Fund 21 L.P. is the same institution as 3 records in RIA and Wealth.
RIA and Wealth3
DFX found 3 relationships across 1 dataset
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2020-08-13source on record
- Fund first reported on ADV2017-10-06source on record
- Fund first reported on ADV2016-10-17source 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.