DFX Intelligence
Highland Leaders Fund I, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
4 additional principals, 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.
Nothing material in the last 365 days. Last change: 10 Dec 2019, Latest Form D filed on 10 Dec 2019: no amount sold reported of $150M offered. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2020basis: adv first reported
- 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
- $150Mwhat may be sold, not what was raised; file 021-355208, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Dec 10, 2019
- First sale
- unknown
- Reported GAV
- $155Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 60
- Reported on ADV
- Mar 26, 2020 to Mar 31, 2026
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 2019-12-10, older than 15 months (fr-1)
evidence dated Dec 10, 2019.
LifecycleMature
vintage 4 to 7 years
age years: 6first sale: n/avintage year: 2020adv gav as of: Mar 31, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $150Mform d latest filed at: Dec 10, 2019
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 26, 2020 | Venture Capital Fund | $128M | 47 | 6% | yes | ||
| Apr 16, 2020 | Venture Capital Fund | $128M | 47 | 6% | yes | ||
| Mar 22, 2021 | Venture Capital Fund | $183M | 60 | 6% | yes | ||
| Mar 23, 2022 | Venture Capital Fund | $285M | 60 | 6% | yes | ||
| Sep 20, 2022 | Venture Capital Fund | $285M | 60 | 6% | yes | ||
| Mar 21, 2023 | Venture Capital Fund | $198M | 60 | 6% | yes | ||
| Mar 20, 2024 | Venture Capital Fund | $150M | 60 | 6% | yes | ||
| Mar 31, 2026 | Venture Capital Fund | $155M | 60 | 6% |
Principals and agents
7 principals on Form D, 0 placement agents
- Highland Leaders Fund I GP, LLC Executive Officer
- Manish G. Patel Executive Officer
- Paul a. Maeder Executive Officer
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorRSM · BOSTON, Massachusetts, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · CHARLOTTE, North Carolina, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 2026 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).
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 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.
1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Richard King Mellon Foundation Dtd 01-01-47 | FOUNDATION | $6.9M 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
3 events
- Mar 31, 2026Auditor changed: RSM replaced PwC, first reported on the Form ADV filed March 31, 2026 (previous filing March 28, 2025)Auditor changed Fact Form ADV
- Mar 26, 2020Highland Leaders Fund I, L.P. first reported on Form ADV by Highland Capital Partners (Venture Capital Fund), GAV $127,577,320Fund first reported on Form ADV Fact Form ADV
- Dec 10, 2019Highland Leaders Fund I, L.P. filed Form D: no sales yet of $150,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
30 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact Form D
- Entity type: Limited Partnership Dec 10, 2019 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Dec 10, 2019 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Dec 10, 2019 Fact Form D
- Amendment: false Fact Form D
- Amendment: false Dec 10, 2019 Fact Form D
- Revenue range (Form D): Not Applicable Fact Form D
- Revenue range (Form D): Not Applicable Dec 10, 2019 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Dec 10, 2019 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Dec 10, 2019 Fact Form D
- Amount sold (Form D): $0 Fact Form D
- Amount sold (Form D): $0 Dec 10, 2019 Fact Form D
- Offering amount (Form D): $150M Fact Form D
- Offering amount (Form D): $150M Dec 10, 2019 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Dec 10, 2019 Fact Form D
- Investors (Form D): 0 Fact Form D
- Investors (Form D): 0 Dec 10, 2019 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Dec 10, 2019 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Dec 10, 2019 Fact Form D
- Office address: Fact Form D
- Office address: Dec 10, 2019 Fact Form D
- Year of incorporation: 2019 Fact Form D
- Year of incorporation: 2019 Dec 10, 2019 Fact Form D
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Highland Leaders Fund I, L.P. is the same institution as 3 records in Allocators, RIA and Wealth and Family Offices.
Allocators1RIA and Wealth1Family Offices1
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
- Fund first reported on ADV2020-03-26source on record
- Form D filed2019-12-10source 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.