DFX Intelligence
HCG Digital Ventures, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals, 1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
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Nothing material in the last 365 days. Last change: 16 Feb 2021, Latest Form D filed on 16 Feb 2021: $5.47M sold of $20M offered, 37 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
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
- $8.6Mon the Form ADV filed Sep 9, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 33
- Reported on ADV
- Mar 27, 2020 to Sep 9, 2026
- Structure
- master
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 2021-02-16, older than 15 months (fr-1)
evidence dated Feb 16, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 6first sale: Jan 30, 2020vintage year: 2020adv gav as of: Sep 9, 2026vintage basis: Form d first saleform d sold: $5.5Mform d offering: $20.0Mform d latest filed at: Feb 16, 2021
The fund's own reporting through time
7 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 | |
| Sep 9, 2026 | Venture Capital Fund | $8.6M | 33 | $250,000 | 7% |
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
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorDeloitte · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianINSPIRA FINANCIAL TRUST, LLC · OAK BROOK, Illinois, United StatesForm ADV filed Mar 27, 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
4 events
- Mar 31, 2022Administrator changed: Carta replaced ADURO ADVISORS, LLC, first reported on the Form ADV filed March 31, 2022 (previous filing March 30, 2021)Administrator changed Fact Form ADV
- Feb 16, 2021HCG Digital Ventures, LP filed Form D/A: $5,466,000 sold of $20,000,000, Other Investment FundForm D filed Fact Form D
- 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 Form ADV
- Jan 31, 2020HCG Digital Ventures, LP filed Form D: no sales yet of $20,000,000, Other Investment FundForm D filed Fact Form D
Evidence
46 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact Form D
- Entity type: Limited Partnership Feb 16, 2021 Fact Form D
- Entity type: Limited Partnership Jan 31, 2020 Fact Form D
- Form D fund type: Other Investment Fund Fact Form D
- Form D fund type: Other Investment Fund Feb 16, 2021 Fact Form D
- Form D fund type: Other Investment Fund Jan 31, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Feb 16, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 31, 2020 Fact Form D
- Amendment: false Fact Form D
- Amendment: true Feb 16, 2021 Fact Form D
- Amendment: false Jan 31, 2020 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Feb 16, 2021 Fact Form D
- Incorporated: withinFiveYears Jan 31, 2020 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Feb 16, 2021 Fact Form D
- Jurisdiction: Delaware Jan 31, 2020 Fact Form D
- Amount sold (Form D): $0 Fact Form D
- Amount sold (Form D): $5.5M Feb 16, 2021 Fact Form D
- Amount sold (Form D): $0 Jan 31, 2020 Fact Form D
- Offering amount (Form D): $20.0M Fact Form D
- Offering amount (Form D): $20.0M Feb 16, 2021 Fact Form D
- Offering amount (Form D): $20.0M Jan 31, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Fact Form D
- Exemptions: 06b, 3C.1 Feb 16, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jan 31, 2020 Fact Form D
- First sale: 2020-01-30 Feb 16, 2021 Fact Form D
- Investors (Form D): 0 Fact Form D
- Investors (Form D): 37 Feb 16, 2021 Fact Form D
- Investors (Form D): 0 Jan 31, 2020 Fact Form D
- Minimum investment (Form D): 250,000 Fact Form D
- Minimum investment (Form D): 250,000 Feb 16, 2021 Fact Form D
- Minimum investment (Form D): 250,000 Jan 31, 2020 Fact Form D
- Offering other type: Fact Form D
- Offering other type: Feb 16, 2021 Fact Form D
- Offering other type: Jan 31, 2020 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Feb 16, 2021 Fact Form D
- Securities offered: pooled Jan 31, 2020 Fact Form D
- Office address: Fact Form D
- Office address: Feb 16, 2021 Fact Form D
- Office address: Jan 31, 2020 Fact Form D
- Year of incorporation: 2019 Fact Form D
- Year of incorporation: 2019 Feb 16, 2021 Fact Form D
- Year of incorporation: 2019 Jan 31, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
HCG Digital Ventures, LP is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
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Record history
3 dated events on the change ledger, latest event first
- Form D filed2021-02-16source on record
- Fund first reported on ADV2020-03-27source on record
- Form D filed2020-01-31source 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.