DFX Intelligence
Unicorn Partners Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional placement agent
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
- -18%reported GAV
Reported gross assets fell from $467M to $384M between the Form ADV filings of 26 Mar 2024 and 1 Apr 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
- 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
- indefinitewhat may be sold, not what was raised; file 021-307237, sworn by the adviser or filed under this vehicle
- Form D sold
- $97.9Mas of the filing of Mar 8, 2018, 20 investors
- First sale
- Apr 14, 2017
- Reported GAV
- $384Mon the Form ADV filed Apr 1, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 54
- Reported on ADV
- Mar 20, 2017 to Apr 1, 2026
Fundraising evidence
What 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.Unknown
latest Form D 2018-03-08, older than 15 months (fr-1)
evidence dated Mar 8, 2018.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 9first sale: Apr 14, 2017vintage year: 2017adv gav as of: Apr 1, 2026vintage basis: Form d first saleform d sold: $97.9Mform d offering: n/aform d latest filed at: Mar 8, 2018
The fund's own reporting through time
12 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 20, 2017 | Venture Capital Fund | $5.0M | 1 | $100,000 | 0% | yes | |
| Mar 27, 2018 | Venture Capital Fund | $128M | 26 | $100,000 | 0% | yes | |
| Oct 24, 2018 | Venture Capital Fund | $128M | 55 | $100,000 | 1% | yes | |
| Oct 30, 2018 | Venture Capital Fund | $128M | 55 | $100,000 | 1% | yes | |
| Mar 25, 2019 | Venture Capital Fund | $32.1M | 54 | $100,000 | 1% | yes | |
| May 14, 2019 | Venture Capital Fund | $72.6M | 54 | $100,000 | 1% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $262M | 54 | $100,000 | 1% | yes | |
| Mar 30, 2021 | Venture Capital Fund | $298M | 54 | $100,000 | 1% | yes | |
| Mar 10, 2022 | Venture Capital Fund | $462M | 54 | $100,000 | 1% | yes | |
| Mar 15, 2023 | Venture Capital Fund | $470M | 54 | $100,000 | 1% | yes | |
| Mar 26, 2024 | Venture Capital Fund | $467M | 54 | $100,000 | 1% | yes | |
| Apr 1, 2026 | Venture Capital Fund | $384M | 54 | $100,000 | 1% |
Principals and agents
3 principals on Form D, 0 placement agents
- Kah Fai Low Director
- Unicorn Partners GP Fund II Limited Promoter
- YAN Chak Tommy Yip Director
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorEY · CAYMAN ISLANDS, Cayman IslandsForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- AdministratorIQ-EQ · HONG KONG, Hong KongForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- CustodianTHE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED · HONG KONG, Hong KongForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose 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 allocators
What 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.2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| John D & Catherine T Macarthur Foundation | FOUNDATION | $7.3M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Richard King Mellon Foundation Dtd 01-01-47 | FOUNDATION | $9.3M fair value on the foundation's return | reported as of Dec 31, 2024 | 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
5 events
- Mar 26, 2024Custodian changed: THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED replaced Silicon Valley Bank, first reported on the Form ADV filed March 26, 2024 (previous filing March 15, 2023)Custodian changed Fact Form ADV
- Mar 27, 2020Auditor changed: EY replaced Deloitte, first reported on the Form ADV filed March 27, 2020 (previous filing May 14, 2019)Auditor changed Fact Form ADV
- May 14, 2019Administrator changed: IQ-EQ replaced AUGENTIUS (HONG KONG) LTD., first reported on the Form ADV filed May 14, 2019 (previous filing March 25, 2019)Administrator changed Fact Form ADV
- Mar 8, 2018Unicorn Partners Fund II, L.P. filed Form D: $97,941,000 sold (indefinite offering), Private Equity FundForm D filed Fact Form D
- Mar 20, 2017Unicorn Partners Fund II, L.P. first reported on Form ADV by Unicorn Capital Partners (Venture Capital Fund), GAV $5,000,000Fund first reported on Form ADV Fact Form ADV
Evidence
17 observations
Every observation on this vehicle
- Entity type: Other Mar 8, 2018 Fact Form D
- Form D fund type: Private Equity Fund Mar 8, 2018 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 8, 2018 Fact Form D
- Amendment: false Mar 8, 2018 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 8, 2018 Fact Form D
- Incorporated: withinFiveYears Mar 8, 2018 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Mar 8, 2018 Fact Form D
- Amount sold (Form D): $97.9M Mar 8, 2018 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Mar 8, 2018 Fact Form D
- First sale: 2017-04-14 Mar 8, 2018 Fact Form D
- Indefinite offering: true Mar 8, 2018 Fact Form D
- Investors (Form D): 20 Mar 8, 2018 Fact Form D
- Minimum investment (Form D): 0 Mar 8, 2018 Fact Form D
- Offering other type: Limited Partnership Interests Mar 8, 2018 Fact Form D
- Securities offered: pooled Mar 8, 2018 Fact Form D
- Office address: Mar 8, 2018 Fact Form D
- Year of incorporation: 2016 Mar 8, 2018 Fact Form D
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Unicorn Partners Fund II, L.P. is the same institution as 3 records in Allocators, RIA and Wealth and Private Equity.
Allocators1RIA and Wealth1Private Equity1
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
2 dated events on the change ledger, latest event first
- Form D filed2018-03-08source on record
- Fund first reported on ADV2017-03-20source 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.