DFX Intelligence
Blue Bear Capital Partners II, LP
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
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
- -23%reported GAV
Reported gross assets fell from $156M to $121M between the Form ADV filings of 29 Mar 2024 and 26 Mar 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
- 2019basis: 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 021-353495, sworn by the adviser or filed under this vehicle
- Form D sold
- $10.1Mas of the filing of Nov 15, 2019, 12 investors
- First sale
- Oct 31, 2019
- Reported GAV
- $121Mon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 93
- Reported on ADV
- Mar 30, 2023 to Mar 26, 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 2019-11-15, older than 15 months (fr-1)
evidence dated Nov 15, 2019.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 7first sale: Oct 31, 2019vintage year: 2019adv gav as of: Mar 26, 2026vintage basis: Form d first saleform d sold: $10.1Mform d offering: n/aform d latest filed at: Nov 15, 2019
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2023 | Venture Capital Fund | $168M | 93 | $1.0M | 1% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $156M | 93 | $1.0M | 1% | yes | |
| Mar 26, 2026 | Venture Capital Fund | $121M | 93 | $1.0M | 1% |
Principals and agents
4 principals on Form D, 0 placement agents
- Ernst Sack Executive Officer
- Vaughn Blake Executive Officer
- Blue Bear Investment Group, LLC Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorWEAVER AND TIDWELL, L.L.P. · LOS ANGELES, California, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · DENVER, Colorado, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianSOUTHSTATE BANK · WINTER HAVEN, Florida, United StatesForm ADV filed Mar 26, 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.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Rockefeller Brothers Fund Inc | FOUNDATION | $8.1M 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 19, 2025Custodian changed: SOUTHSTATE BANK replaced Silicon Valley Bank, first reported on the Form ADV filed March 19, 2025 (previous filing March 29, 2024)Custodian changed Fact Form ADV
- Mar 30, 2023Blue Bear Capital Partners II, LP first reported on Form ADV by Blue Bear Investment Group, LLC (Venture Capital Fund), GAV $168,494,492Fund first reported on Form ADV Fact Form ADV
- Nov 15, 2019Blue Bear Capital Partners II, LP filed Form D: $10,100,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact Form D
- Entity type: Limited Partnership Nov 15, 2019 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Nov 15, 2019 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Nov 15, 2019 Fact Form D
- Amendment: false Fact Form D
- Amendment: false Nov 15, 2019 Fact Form D
- Revenue range (Form D): Decline to Disclose Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 15, 2019 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Nov 15, 2019 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Nov 15, 2019 Fact Form D
- Amount sold (Form D): $10.1M Fact Form D
- Amount sold (Form D): $10.1M Nov 15, 2019 Fact Form D
- Exemptions: 06b, 3C.1 Fact Form D
- Exemptions: 06b, 3C.1 Nov 15, 2019 Fact Form D
- First sale: 2019-10-31 Fact Form D
- First sale: 2019-10-31 Nov 15, 2019 Fact Form D
- Indefinite offering: true Fact Form D
- Indefinite offering: true Nov 15, 2019 Fact Form D
- Investors (Form D): 12 Fact Form D
- Investors (Form D): 12 Nov 15, 2019 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Nov 15, 2019 Fact Form D
- Securities offered: Equity, pooled Fact Form D
- Securities offered: Equity, pooled Nov 15, 2019 Fact Form D
- Office address: Fact Form D
- Office address: Nov 15, 2019 Fact Form D
- Year of incorporation: 2019 Fact Form D
- Year of incorporation: 2019 Nov 15, 2019 Fact Form D
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Blue Bear Capital Partners II, LP 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 ADV2023-03-30source on record
- Form D filed2019-11-15source 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.