DFX Intelligence
Friends & Family Capital II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital FundFeeder or parallel vehicle
A feeder, parallel or offshore vehicle of a main fund; its assets may overlap the main fund's.
As of · the latest observation of this vehicle; each figure below carries its own filing date
4 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +116%reported GAV
Reported gross assets rose from $133M to $286M between the Form ADV filings of 31 Jul 2024 and 17 Jun 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
- 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
- indefinitewhat may be sold, not what was raised; file 021-369912, sworn by the adviser or filed under this vehicle
- Form D sold
- $38.8Mas of the filing of Aug 28, 2020, 48 investors
- First sale
- Jul 1, 2020
- Reported GAV
- $286Mon the Form ADV filed Jun 17, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 127
- Reported on ADV
- Aug 28, 2020 to Jun 17, 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 2020-08-28, older than 15 months (fr-1)
evidence dated Aug 28, 2020.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 6first sale: Jul 1, 2020vintage year: 2020adv gav as of: Jun 17, 2026vintage basis: Form d first saleform d sold: $38.8Mform d offering: n/aform d latest filed at: Aug 28, 2020
The fund's own reporting through time
11 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Aug 28, 2020 | Venture Capital Fund | $47.8M | 48 | 26% | no | ||
| Mar 30, 2021 | Venture Capital Fund | $106M | 124 | 11% | no | ||
| Jun 29, 2021 | Venture Capital Fund | $108M | 125 | 11% | yes | ||
| Mar 29, 2022 | Venture Capital Fund | $130M | 125 | 11% | yes | ||
| May 4, 2022 | Venture Capital Fund | $130M | 125 | 11% | yes | ||
| Mar 29, 2023 | Venture Capital Fund | $136M | 127 | 11% | yes | ||
| Mar 31, 2023 | Venture Capital Fund | $136M | 128 | 11% | yes | ||
| May 8, 2023 | Venture Capital Fund | $136M | 128 | 11% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $133M | 128 | 11% | yes | ||
| Jul 31, 2024 | Venture Capital Fund | $133M | 128 | 11% | yes | ||
| Jun 17, 2026 | Venture Capital Fund | $286M | 127 | 12% |
Principals and agents
2 principals on Form D, 0 placement agents
- - Friends & Family Capital II, LLC Executive Officer
- General Partner Friends & Family Capital II, LLC Executive Officer
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN FRANCISCO, California, United StatesForm ADV filed Jun 17, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · DALLAS, Texas, United StatesForm ADV filed Jun 17, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Jun 17, 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, 2026Auditor changed: Frank, Rimerman + Co. replaced RSM, first reported on the Form ADV filed March 31, 2026 (previous filing June 3, 2025)Auditor changed Fact Form ADV
- Aug 28, 2020Friends & Family Capital II, L.P. filed Form D/A: $38,795,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
- Aug 28, 2020Friends & Family Capital II, L.P. first reported on Form ADV by Friends & Family Capital Management, LLC (Venture Capital Fund), GAV $47,783,000Fund first reported on Form ADV Fact Form ADV
- Jun 30, 2020Friends & Family Capital II, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital 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 Aug 28, 2020 Fact Form D
- Entity type: Limited Partnership Jun 30, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Aug 28, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Jun 30, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Aug 28, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 30, 2020 Fact Form D
- Amendment: false Fact Form D
- Amendment: true Aug 28, 2020 Fact Form D
- Amendment: false Jun 30, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Fact Form D
- Revenue range (Form D): Decline to Disclose Aug 28, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 30, 2020 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Aug 28, 2020 Fact Form D
- Incorporated: withinFiveYears Jun 30, 2020 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Aug 28, 2020 Fact Form D
- Jurisdiction: Delaware Jun 30, 2020 Fact Form D
- Amount sold (Form D): $0 Fact Form D
- Amount sold (Form D): $38.8M Aug 28, 2020 Fact Form D
- Amount sold (Form D): $0 Jun 30, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Aug 28, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 30, 2020 Fact Form D
- First sale: 2020-07-01 Aug 28, 2020 Fact Form D
- Indefinite offering: true Fact Form D
- Indefinite offering: true Aug 28, 2020 Fact Form D
- Indefinite offering: true Jun 30, 2020 Fact Form D
- Investors (Form D): 0 Fact Form D
- Investors (Form D): 48 Aug 28, 2020 Fact Form D
- Investors (Form D): 0 Jun 30, 2020 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Aug 28, 2020 Fact Form D
- Minimum investment (Form D): 0 Jun 30, 2020 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Aug 28, 2020 Fact Form D
- Securities offered: pooled Jun 30, 2020 Fact Form D
- Office address: Fact Form D
- Office address: Aug 28, 2020 Fact Form D
- Office address: Jun 30, 2020 Fact Form D
- Year of incorporation: 2018 Fact Form D
- Year of incorporation: 2018 Aug 28, 2020 Fact Form D
- Year of incorporation: 2018 Jun 30, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Friends & Family Capital II, L.P. 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
3 dated events on the change ledger, latest event first
- Form D filed2020-08-28source on record
- Fund first reported on ADV2020-08-28source on record
- Form D filed2020-06-30source 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.