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.
Funds / HCG Digital Ventures, LP
HCG Digital Ventures, LP
Amounts, each with its basis
- Vintage
- 2020basis: 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
- $20.0Mwhat may be sold, not what was raised; file 021-359519, sworn by the adviser or filed under this vehicle
- Form D sold
- $5.5Mas of the filing of Feb 16, 2021, 37 investors
- First sale
- Jan 30, 2020
- Reported GAV
- $9.4Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 33
- Reported on ADV
- Mar 27, 2020 to Mar 27, 2024
- Structure
- master
Fundraising evidence
Unknown
latest Form D 2021-02-16, older than 15 months (fr-1)
evidence dated Feb 16, 2021. 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: 6first sale: 2020-01-30vintage year: $2,020adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $5.5Mform d offering usd: $20.0Mform d latest filed at: 2021-02-16
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2020 | Venture Capital Fund | $0 | 0 | $250,000 | 0% | yes | |
| Mar 30, 2021 | Venture Capital Fund | $4.2M | 24 | $250,000 | 4% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $5.5M | 32 | $250,000 | 4% | yes | |
| Jul 21, 2022 | Venture Capital Fund | $5.5M | 32 | $250,000 | 4% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $11.1M | 33 | $250,000 | 7% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $9.4M | 33 | $250,000 | 7% | yes |
Principals and agents
5 principals on Form D, 0 placement agents
- Hadi F Habal Executive Officer/Director
- Greg N Schwieder Executive Officer
- Gretta N. Heaney Executive Officer
- Jose N. Penabad Executive Officer/Director
- Hadi Habal Executive Officer/Director
Limited partners and their reported performance
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.
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
- Feb 16, 2021HCG Digital Ventures, LP filed Form D/A: $5,466,000 sold of $20,000,000, Other Investment FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 27, 2020HCG Digital Ventures, LP first reported on Form ADV by HCG Fund Management LP (Venture Capital Fund)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)
- Jan 31, 2020HCG Digital Ventures, LP filed Form D: no sales yet of $20,000,000, Other Investment FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
46 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Other Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Other Investment Fund Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Other Investment Fund Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $5.5M Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $20.0M Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $20.0M Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $20.0M Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C.1 Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2020-01-30 Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 37 Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 250,000 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 250,000 Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 250,000 Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Offering other type: Limited Partnership Interests in HCG Digital Ventures, LP and HCG Digital Ventures I Feeder Fund LP. Minimum Investment in Feeder of $100,000. Fact SEC EDGAR Form D data sets (quarterly)
- Offering other type: Limited Partnership Interests in HCG Digital Ventures, LP and HCG Digital Ventures I Feeder Fund LP; GP discretion to accept lesser amt than $250000 (min accepted into Feeder of $100,000) Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering other type: Limited Partnership Interests in HCG Digital Ventures, LP and HCG Digital Ventures I Feeder Fund LP. Minimum Investment in Feeder of $100,000. Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: c/o HCG DV GP, LLC, 133 FAYETTEVILLE STREET, SUITE 300, RALEIGH, NC, 27601 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 133 FAYETTEVILLE STREET, SUITE 300, RALEIGH, NC, 27601 Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: c/o HCG DV GP, LLC, 133 FAYETTEVILLE STREET, SUITE 300, RALEIGH, NC, 27601 Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Feb 16, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Jan 31, 2020 Fact SEC EDGAR Form D data sets (quarterly)