DFX Intelligence
Bh3 Heritage Fv II LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownother manager vehicleADV: Private Equity FundOutside venture scope
A private equity fund outside venture scope, shown because its manager is on the venture graph.
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal
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
- +135%reported GAV
Reported gross assets rose from $15M to $35.2M between the Form ADV filings of 7 May 2024 and 7 Jul 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
- 2022basis: 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
- $15.0Mwhat may be sold, not what was raised; file 021-440827, sworn by the adviser or filed under this vehicle
- Form D sold
- $12.8Mas of the filing of Apr 7, 2022, 45 investors
- First sale
- Apr 1, 2022
- Reported GAV
- $35.2Mon the Form ADV filed Jul 7, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 55
- Reported on ADV
- Mar 31, 2023 to Jul 7, 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 2022-04-07, older than 15 months (fr-1)
evidence dated Apr 7, 2022.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: Apr 1, 2022vintage year: 2022adv gav as of: Jul 7, 2026vintage basis: Form d first saleform d sold: $12.8Mform d offering: $15.0Mform d latest filed at: Apr 7, 2022
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Private Equity Fund | $15.0M | 55 | $1 | 6% | yes | |
| Mar 28, 2024 | Private Equity Fund | $15.0M | 55 | 6% | no | ||
| May 7, 2024 | Private Equity Fund | $15.0M | 55 | 6% | no | ||
| Jul 7, 2026 | Private Equity Fund | $35.2M | 55 | 6% |
Principals and agents
4 principals on Form D, 0 placement agents
- Daniel Lebensohn Director
- . BH3 Heritage FV II GP, LLC Director
- . BH3 Management LLC Director
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorPwC · NEW YORK, New York, United StatesForm ADV filed Jul 7, 2026 reports.adviserinfo.sec.gov
- Administrator4PINE FUND SERVICES · STAMFORD, Connecticut, United StatesForm ADV filed Jul 7, 2026 reports.adviserinfo.sec.gov
- CustodianAMERANT BANCORP · CORAL GABLES, Florida, United StatesForm ADV filed Jul 7, 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.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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 25, 2025Custodian changed: AMERANT BANCORP replaced THE TORONTO-DOMINION BANK, first reported on the Form ADV filed March 25, 2025 (previous filing May 7, 2024)Custodian changed Fact Form ADV
- Mar 31, 2023Bh3 Heritage Fv II LP first reported on Form ADV by Bh3 Fund Advisors LLC (Private Equity Fund), GAV $15,009,500Fund first reported on Form ADV Fact Form ADV
- Apr 7, 2022BH3 Heritage FV II LP filed Form D: $12,809,500 sold of $15,000,000, Private Equity FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 7, 2022 Fact Form D
- Form D fund type: Private Equity Fund Apr 7, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 7, 2022 Fact Form D
- Amendment: false Apr 7, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 7, 2022 Fact Form D
- Incorporated: withinFiveYears Apr 7, 2022 Fact Form D
- Jurisdiction: Delaware Apr 7, 2022 Fact Form D
- Amount sold (Form D): $12.8M Apr 7, 2022 Fact Form D
- Offering amount (Form D): $15.0M Apr 7, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Apr 7, 2022 Fact Form D
- First sale: 2022-04-01 Apr 7, 2022 Fact Form D
- Investors (Form D): 45 Apr 7, 2022 Fact Form D
- Minimum investment (Form D): 0 Apr 7, 2022 Fact Form D
- Securities offered: Equity, pooled Apr 7, 2022 Fact Form D
- Office address: Apr 7, 2022 Fact Form D
- Year of incorporation: 2022 Apr 7, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Bh3 Heritage Fv II LP is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
DFX found 2 relationships across 2 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.
Checking your plan…
Record history
2 identity changes, 2 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Event retracted2026-10-01
- Fund first reported on ADV2023-03-31source on record
+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.