Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / AI Parallel Fund, L.P.

AI Parallel Fund, L.P.

HarvestClosed to new capitalFundADV: Venture Capital FundAI Ventures Management, LLCDelaware
Amounts, each with its basis
Vintage
2017basis: 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
$175Mwhat may be sold, not what was raised; file 021-292787, sworn by the adviser or filed under this vehicle
Form D sold
$175Mas of the filing of Feb 12, 2018, 21 investors
First sale
Aug 17, 2017
Reported GAV
$40.0Mon the Form ADV filed Mar 18, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
8
Reported on ADV
Oct 13, 2017 to Mar 18, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2018-02-12: the stated $174.8M offering reported fully sold (fr-1)
evidence dated Feb 12, 2018. A 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.
Lifecycle
Harvest
vintage over 7 years, still reported
age years: 9first sale: 2017-08-17vintage year: $2,017adv gav as of: 2024-03-18vintage basis: form_d_first_saleform d sold usd: $175Mform d offering usd: $175Mform d latest filed at: 2018-02-12
The fund's own reporting through time
8 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Oct 13, 2017Venture Capital Fund$40.4M
81%yes
Mar 30, 2018Venture Capital Fund$40.4M
81%yes
Mar 22, 2019Venture Capital Fund$37.0M
81%yes
Mar 27, 2020Venture Capital Fund$37.0M
81%yes
Mar 18, 2021Venture Capital Fund$36.0M
81%yes
Mar 24, 2022Venture Capital Fund$40.0M
81%yes
Mar 14, 2023Venture Capital Fund$40.0M
81%yes
Mar 18, 2024Venture Capital Fund$40.0M
81%yes
Principals and agents
2 principals on Form D, 0 placement agents
  • Andrew Ng Executive Officer
  • General Partner AI Fund GP, LLC Executive Officer
Limited partners and their reported performance
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.
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
  1. Feb 12, 2018
    AI Fund, L.P. filed Form D/A: $174,800,000 sold of $174,800,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Oct 13, 2017
    AI Parallel Fund, L.P. first reported on Form ADV by AI Ventures Management, LLC (Venture Capital Fund), GAV $40,404,040
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Aug 15, 2017
    AI Fund, L.P. filed Form D: no sales yet of $150,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle