DFX Intelligence
Formentera Partners Fund I, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownother manager vehicleADV: Private Equity FundOutside venture scope
A private equity fund outside venture scope, shown because its manager is on the venture graph.
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -32%reported GAV
Reported gross assets fell from $344M to $235M between the Form ADV filings of 2 May 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
- 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
- $400Mwhat may be sold, not what was raised; file 021-395621, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Apr 13, 2021
- First sale
- unknown
- Reported GAV
- $235Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 93
- Reported on ADV
- Jun 2, 2021 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 2021-04-13, older than 15 months (fr-1)
evidence dated Apr 13, 2021.
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 31, 2026vintage basis: n/aform d sold: $0form d offering: $400Mform d latest filed at: Apr 13, 2021
The fund's own reporting through time
11 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 2, 2021 | Private Equity Fund | $80.0M | 36 | 40% | no | ||
| Mar 31, 2022 | Private Equity Fund | $160M | 91 | 19% | no | ||
| Jun 28, 2022 | Private Equity Fund | $313M | 92 | 19% | yes | ||
| Sep 1, 2022 | Private Equity Fund | $313M | 92 | 19% | yes | ||
| Nov 3, 2022 | Private Equity Fund | $313M | 92 | 19% | yes | ||
| Mar 28, 2023 | Private Equity Fund | $440M | 92 | 19% | yes | ||
| May 26, 2023 | Private Equity Fund | $440M | 92 | 19% | yes | ||
| Nov 17, 2023 | Private Equity Fund | $440M | 92 | 19% | yes | ||
| Mar 27, 2024 | Private Equity Fund | $344M | 93 | 19% | yes | ||
| May 2, 2024 | Private Equity Fund | $344M | 93 | 19% | yes | ||
| Mar 31, 2026 | Private Equity Fund | $235M | 93 | 19% |
Principals and agents
1 principal on Form D, 0 placement agents
- Bryan Sheffield Executive Officer/Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFORVIS, LLP · BOCA RATON, Florida, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · DALLAS, Texas, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianFROST BANK · SAN ANTONIO, Texas, 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
5 events
- Mar 31, 2026Administrator changed: Standish Management replaced IQ-EQ, first reported on the Form ADV filed March 31, 2026 (previous filing April 29, 2025)Administrator changed Fact Form ADV
- Mar 28, 2023Custodian changed: FROST BANK replaced Silicon Valley Bank, first reported on the Form ADV filed March 28, 2023 (previous filing November 3, 2022)Custodian changed Fact Form ADV
- Jun 28, 2022Administrator changed: IQ-EQ replaced BLUE RIVER PARTNERS, LLC, first reported on the Form ADV filed June 28, 2022 (previous filing March 31, 2022)Administrator changed Fact Form ADV
- Jun 2, 2021Formentera Partners Fund I, LP first reported on Form ADV by Formentera Partners LP (Private Equity Fund), GAV $80,000,000Fund first reported on Form ADV Fact Form ADV
- Apr 13, 2021Formentera Partners Fund I, LP filed Form D: no sales yet of $400,000,000, Private Equity FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 13, 2021 Fact Form D
- Form D fund type: Private Equity Fund Apr 13, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 13, 2021 Fact Form D
- Amendment: false Apr 13, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 13, 2021 Fact Form D
- Incorporated: withinFiveYears Apr 13, 2021 Fact Form D
- Jurisdiction: Delaware Apr 13, 2021 Fact Form D
- Amount sold (Form D): $0 Apr 13, 2021 Fact Form D
- Offering amount (Form D): $400M Apr 13, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Apr 13, 2021 Fact Form D
- Investors (Form D): 0 Apr 13, 2021 Fact Form D
- Minimum investment (Form D): 0 Apr 13, 2021 Fact Form D
- Securities offered: Equity, pooled Apr 13, 2021 Fact Form D
- Office address: Apr 13, 2021 Fact Form D
- Year of incorporation: 2020 Apr 13, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Formentera Partners Fund I, LP is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2021-06-02source on record
- Form D filed2021-04-13source 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.