DFX Intelligence
Shine Capital I L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -11%reported GAV
Reported gross assets fell from $113M to $100M between the Form ADV filings of 30 Apr 2024 and 31 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
- unknownno dated first sale or first report yet
- 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
- unknownwhat may be sold, not what was raised; file 021-376073, sworn by the adviser or filed under this vehicle
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $100.0Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 71
- Reported on ADV
- Nov 20, 2020 to Mar 31, 2026
Fundraising evidenceWhat 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
no Form D or close on record (fr-1)
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 31, 2026vintage basis: n/aform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Nov 20, 2020 | Venture Capital Fund | $46.2M | 41 | $25,000 | 5% | yes | |
| Aug 16, 2021 | Venture Capital Fund | $46.2M | 41 | $25,000 | 5% | yes | |
| Aug 16, 2021 | Venture Capital Fund | $46.2M | 41 | $25,000 | 5% | yes | |
| Aug 16, 2021 | Venture Capital Fund | $46.2M | 41 | $25,000 | 5% | yes | |
| Dec 16, 2021 | Venture Capital Fund | $46.2M | 41 | $25,000 | 5% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $109M | 71 | $20,000 | 5% | yes | |
| Mar 29, 2023 | Venture Capital Fund | $106M | 71 | $20,000 | 5% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $113M | 71 | $20,000 | 5% | yes | |
| Apr 30, 2024 | Venture Capital Fund | $113M | 71 | $20,000 | 5% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $100.0M | 71 | $20,000 | 5% |
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorBDO · PHILADELPHIA, Pennsylvania, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · DENVER, Colorado, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianCOINBASE, INC. · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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 allocatorsWhat 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.
2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Richard and Susan Smith Family Foundation | FOUNDATION | $1.5M fair value on the foundation's return | reported as of Apr 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| The Cullen Foundation of Western New York Inc | FOUNDATION | $76,105 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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
1 event
- Nov 20, 2020Shine Capital I L.P. first reported on Form ADV by Shine Capital (Venture Capital Fund), GAV $46,215,000Fund first reported on Form ADV Fact Form ADV
Evidence
0 observations
Every observation on this vehicle
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Shine Capital I L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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