DFX Intelligence
Venture Capital Intelligence
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.
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Funds / U•••• G•••• P••••••• V•••••• A••••• F•••• L•
U•••• G•••• P••••••• V•••••• A••••• F•••• L•
Amounts, each with its basis
- Vintage
- 2014basis: 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
- $85.0Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by the adviser itself named on the filing, the general partner the adviser swears for this fund, not sworn by the adviser (confidence 0.85); file 021-215147
- Form D sold
- $85.0Mas of the filing of Apr 8, 2014, 1 investors
- First sale
- Mar 25, 2014
- Reported GAV
- $150Mon the Form ADV filed Mar 26, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 5
- Reported on ADV
- Mar 19, 2014 to Mar 26, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2014-04-08: the stated $85.0M offering reported fully sold (fr-1)
evidence dated Apr 8, 2014. 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: 12first sale: 2014-03-25vintage year: $2,014adv gav as of: 2024-03-26vintage basis: form_d_first_saleform d sold usd: $85.0Mform d offering usd: $85.0Mform d latest filed at: 2014-04-08
The fund's own reporting through time
16 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 19, 2014 | Venture Capital Fund | $85.0M | 2 | $1.0M | 1% | yes | |
| Jun 6, 2014 | Venture Capital Fund | $85.0M | 2 | $1.0M | 1% | yes | |
| Mar 30, 2015 | Venture Capital Fund | $86.9M | 5 | $1.0M | 1% | yes | |
| Dec 14, 2015 | Venture Capital Fund | $86.9M | 5 | $1.0M | 1% | yes | |
| Feb 26, 2016 | Venture Capital Fund | $86.8M | 5 | $1.0M | 1% | yes | |
| Apr 27, 2016 | Venture Capital Fund | $86.8M | 5 | $1.0M | 1% | yes | |
| Mar 30, 2017 | Venture Capital Fund | $84.7M | 5 | $1.0M | 1% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $88.2M | 5 | $1.0M | 1% | yes | |
| Mar 28, 2019 | Venture Capital Fund | $99.1M | 5 | $1.0M | 2% | yes | |
| Mar 30, 2020 | Venture Capital Fund | $130M | 5 | $1.0M | 3% | yes | |
| Aug 11, 2020 | Venture Capital Fund | $135M | 5 | $1.0M | 3% | yes | |
| Mar 30, 2021 | Venture Capital Fund | $138M | 5 | $1.0M | 4% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $321M | 5 | $1.0M | 4% | yes | |
| Oct 21, 2022 | Venture Capital Fund | $321M | 5 | $1.0M | 4% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $188M | 5 | $1.0M | 5% | yes | |
| Mar 26, 2024 | Venture Capital Fund | $150M | 5 | $1.0M | 5% | yes |
Principals and agents
4 principals on Form D, 0 placement agents
- P•••••• a• C••••• Executive Officer
- J••• a• S•••••• Executive Officer
- G•••••• a• B••••• Executive Officer
- U•••• G•••• V•••••• P••••••• 2•••• L•• 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
2 events
- Apr 8, 2014U•••• G•••• P••••••• V•••••• A••••• F•••• L• filed Form D: $85,000,000 sold of $85,000,000, Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 19, 2014U•••• G•••• P••••••• V•••••• A••••• F•••• L• first reported on Form ADV by U•••• G•••• V•••••• P••••••• (Venture Capital Fund), GAV $85,000,000Fund 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)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $85.0M Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $85.0M Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2014-03-25 Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 1 Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 1,000,000 Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 301 WEST BARBEE CHAPEL ROAD, SUITE 200, CHAPEL HILL, NC, 27517 Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2014 Apr 8, 2014 Fact SEC EDGAR Form D data sets (quarterly)