DFX Intelligence
Primary Select Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
- Vintage
- 2021
- Form D sold
- $128M
- Reported gross assets
- $169M
Form ADV, Mar 26, 2026
MatureClosed to new capitalADV: 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
- +24%reported GAV
Reported gross assets rose from $137M to $169M between the Form ADV filings of 26 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
- 2021basis: 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
- $128Mwhat may be sold, not what was raised; file 021-390249, sworn by the adviser or filed under this vehicle
- Form D sold
- $128Mas of the filing of Mar 9, 2022, 74 investors
- First sale
- Feb 5, 2021
- Reported GAV
- $169Mon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 74
- Reported on ADV
- Mar 30, 2022 to Mar 26, 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 2022-03-09: the stated $128.4M offering reported fully sold (fr-1)
evidence dated Mar 9, 2022.
LifecycleMature
vintage 4 to 7 years
age years: 5first sale: Feb 5, 2021vintage year: 2021adv gav as of: Mar 26, 2026vintage basis: Form d first saleform d sold: $128Mform d offering: $128Mform d latest filed at: Mar 9, 2022
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Venture Capital Fund | $132M | 69 | $250,000 | 2% | yes | |
| Mar 29, 2023 | Venture Capital Fund | $132M | 69 | $250,000 | 2% | yes | |
| Jul 24, 2023 | Venture Capital Fund | $132M | 69 | $250,000 | 2% | yes | |
| Mar 26, 2024 | Venture Capital Fund | $137M | 69 | $250,000 | 2% | yes | |
| Mar 26, 2026 | Venture Capital Fund | $169M | 74 | $250,000 | 12% |
Principals and agents
5 principals on Form D, 0 placement agents
- Anne K. Davey Promoter
- Bradley C Svrluga Executive Officer
- -- Primary Select Fund II GP, LLC Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorPwC · HARTFORD, Connecticut, United StatesForm ADV filed Nov 20, 2025 reports.adviserinfo.sec.gov
- AdministratorStandish Management · WALNUT CREEK, California, United StatesForm ADV filed Nov 20, 2025 reports.adviserinfo.sec.gov
- CustodianSTIFEL BANK · ST. LOUIS, Missouri, United StatesForm ADV filed Nov 20, 2025 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).
2 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| New York State Common Retirement Fund osc.ny.gov | 2021 | $15.0M | $15.0M | $0 | $17.0M | not meaningful yet | 1.1x | Mar 31, 2025 |
| New York State Common Retirement Fund osc.ny.gov | 2021 | $15.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Apr 23, 2021 |
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 |
|---|---|---|---|---|
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | $15.0M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
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
- Mar 31, 2025NYSCRF reports Primary Select Fund II, LP: $15,000,000 committed, vintage 2021LP commitment disclosed Fact Pension disclosure
- Mar 30, 2022Primary Select Fund II, L.P. first reported on Form ADV by Primary Ventures (Venture Capital Fund), GAV $132,252,260Fund first reported on Form ADV Fact Form ADV
- Mar 9, 2022Primary Select Fund II, L.P. filed Form D/A: $128,437,208 sold of $128,437,208, Venture Capital FundForm D filed Fact Form D
- Apr 23, 2021NYSCRF commits $15,000,000 to Primary Select Fund II, L.P. (Primary Venture Partners), closed 2021-04-23, existing relationshipLP commitment closed Fact Pension disclosure
- Feb 23, 2021Primary Select Fund II, L.P. filed Form D: $19,543,147 sold of $50,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 9, 2022 Fact Form D
- Entity type: Limited Partnership Feb 23, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Mar 9, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Feb 23, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 9, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 23, 2021 Fact Form D
- Amendment: true Mar 9, 2022 Fact Form D
- Amendment: false Feb 23, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 9, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Feb 23, 2021 Fact Form D
- Incorporated: withinFiveYears Mar 9, 2022 Fact Form D
- Incorporated: withinFiveYears Feb 23, 2021 Fact Form D
- Jurisdiction: Delaware Mar 9, 2022 Fact Form D
- Jurisdiction: Delaware Feb 23, 2021 Fact Form D
- Amount sold (Form D): $128M Mar 9, 2022 Fact Form D
- Amount sold (Form D): $19.5M Feb 23, 2021 Fact Form D
- Offering amount (Form D): $128M Mar 9, 2022 Fact Form D
- Offering amount (Form D): $50.0M Feb 23, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Mar 9, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Feb 23, 2021 Fact Form D
- First sale: 2021-02-05 Mar 9, 2022 Fact Form D
- First sale: 2021-02-05 Feb 23, 2021 Fact Form D
- Investors (Form D): 74 Mar 9, 2022 Fact Form D
- Investors (Form D): 14 Feb 23, 2021 Fact Form D
- Minimum investment (Form D): 0 Mar 9, 2022 Fact Form D
- Minimum investment (Form D): 0 Feb 23, 2021 Fact Form D
- Securities offered: Equity, pooled Mar 9, 2022 Fact Form D
- Securities offered: Equity, pooled Feb 23, 2021 Fact Form D
- Office address: Mar 9, 2022 Fact Form D
- Office address: Feb 23, 2021 Fact Form D
- Year of incorporation: 2021 Mar 9, 2022 Fact Form D
- Year of incorporation: 2021 Feb 23, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
Across the graphs
Primary Select Fund II, 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 what the two were joined on.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Capital chain
Primary Select Fund II, L.P. sits on 5 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 5 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
5 dated events on the change ledger, latest first
+2 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.