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.

Funds / B Capital Ascent Fund II, LP

B Capital Ascent Fund II, LP

MatureClosed to new capitalFundADV: Venture Capital FundB Capital GroupCayman Islands
Amounts, each with its basis
Vintage
2021basis: 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
$254Mwhat may be sold, not what was raised; file 021-391412, sworn by the adviser or filed under this vehicle
Form D sold
$254Mas of the filing of Jul 27, 2022, 81 investors
First sale
Feb 23, 2021
Reported GAV
$348Mon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
83
Reported on ADV
Mar 25, 2021 to Sep 14, 2026
Fundraising evidence
Closed to new capital
Form D filed or amended 2022-07-27: the stated $254.0M offering reported fully sold (fr-1)
evidence dated Jul 27, 2022. 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
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-02-23vintage year: $2,021adv gav as of: 2026-09-14vintage basis: form_d_first_saleform d sold usd: $254Mform d offering usd: $254Mform d latest filed at: 2022-07-27
The fund's own reporting through time
6 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 25, 2021Venture Capital Fund$128M
31$5.0M29%yes
Mar 31, 2022Venture Capital Fund$198M
73$5.0M19%yes
Mar 31, 2023Venture Capital Fund$243M
83$5.0M16%yes
Sep 1, 2023Venture Capital Fund$243M
83$5.0M16%yes
Mar 28, 2024Venture Capital Fund$267M
83$5.0M16%yes
Sep 14, 2026$348M
83$5.0M16%
Principals and agents
2 principals on Form D, 0 placement agents
  • B Capital Ascent GP II, L.P. Promoter
  • B Capital Ascent GP II, L.P. general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
New York State Common Retirement Fund osc.ny.gov2022$50.0M$38.9M$5.9M$37.8Mnot meaningful yet1.1xMar 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
4 events
  1. Mar 31, 2025
    NYSCRF reports B Capital Ascent Fund II, LP: $50,000,000 committed, vintage 2022
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Jul 27, 2022
    B Capital Ascent Fund II, L.P. filed Form D/A: $254,007,500 sold of $254,007,500, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Mar 25, 2021
    B Capital Ascent Fund II, LP first reported on Form ADV by B Capital Group (Venture Capital Fund), GAV $127,825,000
    Fund 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)
  4. Mar 5, 2021
    B Capital Ascent Fund II, L.P. filed Form D: $126,275,000 sold (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
33 observations
Every observation on this vehicle