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.

Funds / TOP Tier Venture Capital V-B, LP

TOP Tier Venture Capital V-B, LP

HarvestClosed to new capitalFeeder or parallelADV: Private Equity FundTOP Tier Capital Partners, LLCDelaware

Amounts, each with its basis

Vintage: 2011basis: 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: $251Mwhat may be sold, not what was raised; file 021-157651, sworn by the adviser or filed under this vehicle
Form D sold: $251Mas of the filing of Apr 10, 2012, 1 investors
First sale: Mar 16, 2011
Reported GAV: $226Mon the Form ADV filed May 10, 2024; the fund's assets, never its size or dry powder
Owners (ADV): 1
Reported on ADV: Feb 3, 2012 to May 10, 2024

Fundraising evidence

Closed to new capital

Form D filed or amended 2012-04-10: the stated $250.5M offering reported fully sold (fr-1)

evidence dated Apr 10, 2012. 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: 15first sale: 2011-03-16vintage year: $2,011adv gav as of: 2024-05-10vintage basis: form_d_first_saleform d sold usd: $251Mform d offering usd: $251Mform d latest filed at: 2012-04-10

The fund's own reporting through time

35 Form ADV filings

Filed	Type	Gross asset value	Owners	Min. investment	Adviser-owned	Audit
Feb 3, 2012	Venture Capital Fund	$251M	2	$10.0M	0%	yes
Jul 2, 2012	Venture Capital Fund	$251M	2	$10.0M	0%	yes
Jan 16, 2013	Venture Capital Fund	$251M	2	$10.0M	0%	yes
Mar 26, 2013	Venture Capital Fund	$257M	2	$10.0M	0%	yes
Aug 13, 2013	Venture Capital Fund	$257M	2	$10.0M	0%	yes
Nov 21, 2013	Venture Capital Fund	$257M	2	$10.0M	0%	yes
Mar 26, 2014	Venture Capital Fund	$259M	2	$10.0M	0%	yes
May 1, 2014	Venture Capital Fund	$259M	2	$10.0M	0%	yes
May 1, 2014	Venture Capital Fund	$259M	2	$10.0M	0%	yes
Oct 24, 2014	Venture Capital Fund	$259M	2	$10.0M	0%	yes
Oct 24, 2014	Venture Capital Fund	$259M	2	$10.0M	0%	yes
Apr 1, 2015	Venture Capital Fund	$287M	2	$10.0M	0%	yes
Jun 16, 2015	Venture Capital Fund	$287M	2	$10.0M	0%	yes
Mar 25, 2016	Venture Capital Fund	$307M	2	$10.0M	0%	yes
Apr 29, 2016	Venture Capital Fund	$307M	2	$10.0M	0%	yes
Jun 2, 2016	Venture Capital Fund	$307M	2	$10.0M	0%	yes
Oct 26, 2016	Venture Capital Fund	$307M	2	$10.0M	0%	yes
Oct 26, 2016	Venture Capital Fund	$307M	2	$10.0M	0%	yes
Mar 31, 2017	Venture Capital Fund	$298M	2	$10.0M	0%	yes
Apr 6, 2017	Venture Capital Fund	$298M	2	$10.0M	0%	yes
May 30, 2017	Venture Capital Fund	$298M	2	$10.0M	0%	yes
Mar 29, 2018	Venture Capital Fund	$285M	2	$10.0M	0%	yes
Apr 9, 2018	Venture Capital Fund	$285M	2	$10.0M	0%	yes
Mar 28, 2019	Venture Capital Fund	$293M	2	$10.0M	0%	yes
Nov 4, 2019	Venture Capital Fund	$293M	2	$10.0M	0%	yes
Mar 27, 2020	Venture Capital Fund	$290M	1	$10.0M	0%	yes
Aug 7, 2020	Venture Capital Fund	$290M	1	$10.0M	0%	yes
Mar 31, 2021	Venture Capital Fund	$310M	1	$10.0M	0%	yes
Apr 30, 2021	Venture Capital Fund	$310M	1	$10.0M	0%	yes
Apr 30, 2021	Venture Capital Fund	$310M	1	$10.0M	0%	yes
Mar 31, 2022	Venture Capital Fund	$452M	1	$10.0M	0%	yes
Dec 1, 2022	Venture Capital Fund	$452M	1	$10.0M	0%	yes
Mar 31, 2023	Private Equity Fund	$290M	1	$10.0M	0%	yes
Mar 28, 2024	Private Equity Fund	$226M	1	$10.0M	0%	yes
May 10, 2024	Private Equity Fund	$226M	1	$10.0M	0%	yes

Principals and agents

8 principals on Form D, 0 placement agents

J. Daniel Townsend Director
Lisa M. Edgar Director
Philip S Paul Director
David a. York Director
Paul Capital Top Tier V Management, LLC Director
Paul Capital Investments, LLC Director
Top Tier Venture Capital V Management, LLC Promoter
Top Tier Capital Partners, LLC Promoter

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

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

Apr 10, 2012
Top Tier Venture Capital V-B, L.P. filed Form D/A: $250,500,000 sold of $250,500,000, Other Investment Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Feb 3, 2012
TOP Tier Venture Capital V-B, LP first reported on Form ADV by TOP Tier Capital Partners, LLC (Venture Capital Fund), GAV $250,796,065
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)
Mar 31, 2011
Paul Capital Top Tier Investments V-B, L.P. filed Form D: $250,000,000 sold of $250,000,000, Other Investment Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)

Evidence

30 observations

Every observation on this vehicle

Entity type: Limited Partnership Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Entity type: Limited Partnership Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Other Investment Fund Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Other Investment Fund Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: true Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: false Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $251M Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $250M Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $251M Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $250M Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06, 3C, 3C.7 Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06, 3C, 3C.7 Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
First sale: 2011-03-16 Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
First sale: 2011-03-16 Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 1 Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 1 Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Office address: 600 MONTGOMERY STREET, SUITE 480, SAN FRANCISCO, CA, 94111 Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Office address: 50 CALIFORNIA STREET, SUITE 3000, SAN FRANCISCO, CA, 94111 Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2011 Apr 10, 2012 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2011 Mar 31, 2011 Fact SEC EDGAR Form D data sets (quarterly)