DFX Intelligence
Ballistic Ventures II, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal
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
- +48%reported GAV
Reported gross assets rose from $275M to $407M between the Form ADV filings of 25 Mar 2024 and 27 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
- 2023basis: 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
- $357Mwhat may be sold, not what was raised; file 021-497370, sworn by the adviser or filed under this vehicle
- Form D sold
- $357Mas of the filing of Mar 15, 2024, 186 investors
- First sale
- Nov 16, 2023
- Reported GAV
- $407Mon the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 184
- Reported on ADV
- Mar 25, 2024 to Mar 27, 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.
Closed to new capital
Form D filed or amended 2024-03-15: the stated $356.5M offering reported fully sold (fr-1)
evidence dated Mar 15, 2024.
LifecycleActive deployment
vintage 2 to 4 years
age years: 3first sale: Nov 16, 2023vintage year: 2023adv gav as of: Mar 27, 2026vintage basis: Form d first saleform d sold: $357Mform d offering: $357Mform d latest filed at: Mar 15, 2024
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 25, 2024 | Venture Capital Fund | $275M | 158 | 0% | no | ||
| Mar 27, 2026 | Venture Capital Fund | $407M | 184 | 3% |
Principals and agents
4 principals on Form D, 0 placement agents
- Roger Thornton Executive Officer
- Jacob Seid Executive Officer
- Barmak Meftah Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorKPMG · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 27, 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.
1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Unihealth Foundation | FOUNDATION | $152,947 fair value on the foundation's return | reported as of Sep 30, 2025 | 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
3 events
- Mar 25, 2024Ballistic Ventures II, LP first reported on Form ADV by Ballistic Ventures (Venture Capital Fund), GAV $275,310,000Fund first reported on Form ADV Fact Form ADV
- Mar 15, 2024Ballistic Ventures II, LP filed Form D/A: $356,500,000 sold of $356,500,000, Venture Capital FundForm D filed Fact Form D
- Nov 15, 2023Ballistic Ventures II, LP filed Form D: no sales yet of $300,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 15, 2024 Fact Form D
- Entity type: Limited Partnership Nov 15, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Mar 15, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Nov 15, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 15, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 15, 2023 Fact Form D
- Amendment: true Mar 15, 2024 Fact Form D
- Amendment: false Nov 15, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Mar 15, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Nov 15, 2023 Fact Form D
- Incorporated: withinFiveYears Mar 15, 2024 Fact Form D
- Incorporated: withinFiveYears Nov 15, 2023 Fact Form D
- Jurisdiction: Delaware Mar 15, 2024 Fact Form D
- Jurisdiction: Delaware Nov 15, 2023 Fact Form D
- Amount sold (Form D): $357M Mar 15, 2024 Fact Form D
- Amount sold (Form D): $0 Nov 15, 2023 Fact Form D
- Offering amount (Form D): $357M Mar 15, 2024 Fact Form D
- Offering amount (Form D): $300M Nov 15, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Mar 15, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Nov 15, 2023 Fact Form D
- First sale: 2023-11-16 Mar 15, 2024 Fact Form D
- Investors (Form D): 186 Mar 15, 2024 Fact Form D
- Investors (Form D): 0 Nov 15, 2023 Fact Form D
- Minimum investment (Form D): 0 Mar 15, 2024 Fact Form D
- Minimum investment (Form D): 0 Nov 15, 2023 Fact Form D
- Securities offered: pooled Mar 15, 2024 Fact Form D
- Securities offered: pooled Nov 15, 2023 Fact Form D
- Office address: Mar 15, 2024 Fact Form D
- Office address: Nov 15, 2023 Fact Form D
- Year of incorporation: 2023 Mar 15, 2024 Fact Form D
- Year of incorporation: 2023 Nov 15, 2023 Fact Form D
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Ballistic Ventures II, LP is the same institution as 3 records in Allocators, RIA and Wealth and Family Offices.
Allocators1RIA and Wealth1Family Offices1
DFX found 3 relationships across 3 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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Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2024-03-25source on record
- Form D filed2024-03-15source on record
- Form D filed2023-11-15source 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.