DFX Intelligence
Epsilon Healthcare Innovation Fund II, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- $17.6Msold at the filing
Latest Form D filed on 31 Oct 2025: $17.6M sold of $50M offered, 27 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
- +55%reported GAV
Reported gross assets rose from $12.5M to $19.3M between the Form ADV filings of 28 Mar 2024 and 26 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
- 2022basis: 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
- $50.0Mwhat may be sold, not what was raised; file 021-465330, sworn by the adviser or filed under this vehicle
- Form D sold
- $17.6Mas of the filing of Oct 31, 2025, 27 investors
- First sale
- Dec 1, 2022
- Reported GAV
- $19.3Mon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 26
- Reported on ADV
- Mar 30, 2023 to Mar 26, 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.Active offering evidence
Form D filed or amended 2025-10-31: sold $17.6M of a stated $50.0M offering (fr-1)
evidence dated Oct 31, 2025.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Dec 1, 2022vintage year: 2022adv gav as of: Mar 26, 2026vintage basis: Form d first saleform d sold: $17.6Mform d offering: $50.0Mform d latest filed at: Oct 31, 2025
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2023 | Venture Capital Fund | $8.8M | 14 | $100,000 | 11% | no | |
| Mar 28, 2024 | Venture Capital Fund | $12.5M | 17 | $100,000 | 16% | no | |
| Mar 26, 2026 | Venture Capital Fund | $19.3M | 26 | $100,000 | 11% |
Principals and agents
5 principals on Form D, 0 placement agents
- Gregory H Epstein Director/Executive Officer
- Stevens Andrew Brady Executive Officer
- Steven B Epstein Director/Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AdministratorADURO ADVISORS, LLC · DENVER, Colorado, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · NEW YORK, New York, United StatesForm ADV filed Mar 26, 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
- Oct 31, 2025Epsilon Healthcare Innovation Fund II, LP filed Form D/A: $17,550,000 sold of $50,000,000, Venture Capital FundForm D filed Fact Form D
- Nov 12, 2024Epsilon Healthcare Innovation Fund II, LP filed Form D/A: $10,600,000 sold of $50,000,000, Venture Capital FundForm D filed Fact Form D
- Nov 13, 2023Epsilon Healthcare Innovation Fund II, LP filed Form D/A: $10,600,000 sold of $50,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 30, 2023Epsilon Healthcare Innovation Fund II, LP first reported on Form ADV by Epsilon Health Investors, LLC (Venture Capital Fund), GAV $8,850,000Fund first reported on Form ADV Fact Form ADV
- Nov 18, 2022Epsilon Healthcare Innovation Fund II, LP filed Form D: no sales yet of $50,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
65 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 31, 2025 Fact Form D
- Entity type: Limited Partnership Nov 12, 2024 Fact Form D
- Entity type: Limited Partnership Nov 13, 2023 Fact Form D
- Entity type: Limited Partnership Nov 18, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Oct 31, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Nov 12, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Nov 13, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Nov 18, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 31, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 12, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 13, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 18, 2022 Fact Form D
- Amendment: true Oct 31, 2025 Fact Form D
- Amendment: true Nov 12, 2024 Fact Form D
- Amendment: true Nov 13, 2023 Fact Form D
- Amendment: false Nov 18, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 31, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 12, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 13, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 18, 2022 Fact Form D
- Incorporated: withinFiveYears Oct 31, 2025 Fact Form D
- Incorporated: withinFiveYears Nov 12, 2024 Fact Form D
- Incorporated: withinFiveYears Nov 13, 2023 Fact Form D
- Incorporated: withinFiveYears Nov 18, 2022 Fact Form D
- Jurisdiction: Delaware Oct 31, 2025 Fact Form D
- Jurisdiction: Delaware Nov 12, 2024 Fact Form D
- Jurisdiction: Delaware Nov 13, 2023 Fact Form D
- Jurisdiction: Delaware Nov 18, 2022 Fact Form D
- Amount sold (Form D): $17.6M Oct 31, 2025 Fact Form D
- Amount sold (Form D): $10.6M Nov 12, 2024 Fact Form D
- Amount sold (Form D): $10.6M Nov 13, 2023 Fact Form D
- Amount sold (Form D): $0 Nov 18, 2022 Fact Form D
- Offering amount (Form D): $50.0M Oct 31, 2025 Fact Form D
- Offering amount (Form D): $50.0M Nov 12, 2024 Fact Form D
- Offering amount (Form D): $50.0M Nov 13, 2023 Fact Form D
- Offering amount (Form D): $50.0M Nov 18, 2022 Fact Form D
- Exemptions: 3C.7, 06b, 3C Oct 31, 2025 Fact Form D
- Exemptions: 3C.7, 06b, 3C Nov 12, 2024 Fact Form D
- Exemptions: 06b, 3C.7 Nov 13, 2023 Fact Form D
- Exemptions: 06b, 3C.7 Nov 18, 2022 Fact Form D
- First sale: 2022-12-01 Oct 31, 2025 Fact Form D
- First sale: 2022-12-01 Nov 12, 2024 Fact Form D
- First sale: 2022-12-01 Nov 13, 2023 Fact Form D
- Investors (Form D): 27 Oct 31, 2025 Fact Form D
- Investors (Form D): 15 Nov 12, 2024 Fact Form D
- Investors (Form D): 15 Nov 13, 2023 Fact Form D
- Investors (Form D): 0 Nov 18, 2022 Fact Form D
- Minimum investment (Form D): 100,000 Oct 31, 2025 Fact Form D
- Minimum investment (Form D): 100,000 Nov 12, 2024 Fact Form D
- Minimum investment (Form D): 100,000 Nov 13, 2023 Fact Form D
- Minimum investment (Form D): 100,000 Nov 18, 2022 Fact Form D
- Offering other type: Oct 31, 2025 Fact Form D
- Offering other type: Nov 12, 2024 Fact Form D
- Securities offered: Equity, pooled Oct 31, 2025 Fact Form D
- Securities offered: Equity, pooled Nov 12, 2024 Fact Form D
- Securities offered: Equity, pooled Nov 13, 2023 Fact Form D
- Securities offered: Equity, pooled Nov 18, 2022 Fact Form D
- Office address: Oct 31, 2025 Fact Form D
- Office address: Nov 12, 2024 Fact Form D
- Office address: Nov 13, 2023 Fact Form D
- Office address: Nov 18, 2022 Fact Form D
- Year of incorporation: 2022 Oct 31, 2025 Fact Form D
- Year of incorporation: 2022 Nov 12, 2024 Fact Form D
- Year of incorporation: 2022 Nov 13, 2023 Fact Form D
- Year of incorporation: 2022 Nov 18, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Epsilon Healthcare Innovation Fund II, 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.
Checking your plan…
Record history
1 identity change, 5 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Form D filed2025-10-31source on record
- Form D filed2024-11-12source on record
+3 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.