DFX Intelligence
Biospring Partners Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownUnknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- 2 LP reportspublic disclosures
2 public LP reports name this vehicle; the latest, Los Angeles City Employees' Retirement System as of 31 Dec 2025, shows $25M committed.
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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
- $350Mwhat may be sold, not what was raised; file 021-524543, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Sep 19, 2024
- First sale
- unknown
- Reported GAV
- $0on the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 24
- Reported on ADV
- unknown
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.
Unknown
latest Form D 2024-09-19, older than 15 months (fr-1)
evidence dated Sep 19, 2024.
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 27, 2026vintage basis: n/aform d sold: $0form d offering: $350Mform d latest filed at: Sep 19, 2024
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2026 | Venture Capital Fund | $0 | 24 | $50,000 | 2% |
Principals and agents
2 principals on Form D, 0 placement agents
- Jennifer Lum Director/Executive Officer
- Michelle Detwiler Director/Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorRSM · NEW YORK, New York, United StatesForm ADV filed Jun 27, 2025 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · DENVER, Colorado, United StatesForm ADV filed Jun 27, 2025 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Jun 27, 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 |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2024 | $25.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2024 | $25.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Oct 18, 2024 |
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.
2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Texas Municipal Retirement System | STATE RETIREMENT SYSTEM | $50.0M committed | committed Jun 11, 2025 | Fact Pension disclosure |
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $25.0M committed | reported as of Dec 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
4 events
- Mar 27, 2026Biospring Partners Fund II, LP first reported on Form ADV by Biospring Management, LLC (Venture Capital Fund)Fund first reported on Form ADV Inference Form ADV
- Dec 31, 2025LACERS reports Biospring Partners Fund II: $25,000,000 committed, vintage 2024LP commitment disclosed Fact Pension disclosure
- Oct 18, 2024LACERS commits $25,000,000 to Biospring Partners Fund II (Biospring Management Partners LP), closed 2024-10-18, existing relationshipLP commitment closed Fact Pension disclosure
- Sep 19, 2024Biospring Partners Fund II, L.P. filed Form D: no sales yet of $350,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 19, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Sep 19, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 19, 2024 Fact Form D
- Amendment: false Sep 19, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose Sep 19, 2024 Fact Form D
- Incorporated: withinFiveYears Sep 19, 2024 Fact Form D
- Jurisdiction: Delaware Sep 19, 2024 Fact Form D
- Amount sold (Form D): $0 Sep 19, 2024 Fact Form D
- Offering amount (Form D): $350M Sep 19, 2024 Fact Form D
- Exemptions: 3C.7, 06b, 3C Sep 19, 2024 Fact Form D
- Investors (Form D): 0 Sep 19, 2024 Fact Form D
- Minimum investment (Form D): 0 Sep 19, 2024 Fact Form D
- Securities offered: Equity, pooled Sep 19, 2024 Fact Form D
- Office address: Sep 19, 2024 Fact Form D
- Year of incorporation: 2023 Sep 19, 2024 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 2 capital paths
Across the graphs
Biospring Partners Fund II, L.P. is the same institution as 2 records in RIA and Wealth and Allocators.
RIA and Wealth1Allocators1
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
Biospring Partners Fund II, L.P. sits on 2 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 2 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
4 dated events on the change ledger, latest first
- Fund first reported on ADV2026-03-27source
- LP commitment made2024-10-18source
- LP commitment disclosed2025-12-31source
+1 more change 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.