DFX Intelligence
Velvet Sea Venture Capital Fund 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.
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Nothing material in the last 365 days. Last change: 16 Aug 2021, Latest Form D filed on 16 Aug 2021: $90.8M sold, 46 investors. 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: 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 021-372197, sworn by the adviser or filed under this vehicle
- Form D sold
- $90.8Mas of the filing of Aug 16, 2021, 46 investors
- First sale
- Jul 27, 2020
- Reported GAV
- $88.3Mon the Form ADV filed Apr 9, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 50
- Reported on ADV
- Dec 16, 2021 to Apr 9, 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 2021-08-16, older than 15 months (fr-1)
evidence dated Aug 16, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 6first sale: Jul 27, 2020vintage year: 2020adv gav as of: Apr 9, 2026vintage basis: Form d first saleform d sold: $90.8Mform d offering: n/aform d latest filed at: Aug 16, 2021
The fund's own reporting through time
12 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Sep 10, 2020 | Venture Capital Fund | $18.3M | 29 | $250,000 | 28% | yes | |
| Mar 26, 2021 | Venture Capital Fund | $42.6M | 47 | $250,000 | 39% | yes | |
| Apr 30, 2021 | Venture Capital Fund | $42.6M | 47 | $250,000 | 39% | yes | |
| Nov 2, 2021 | Venture Capital Fund | $42.6M | 47 | $250,000 | 39% | yes | |
| Dec 16, 2021 | Venture Capital Fund | $128M | 47 | $250,000 | 39% | yes | |
| Mar 30, 2022 | Venture Capital Fund | $158M | 47 | $250,000 | 40% | yes | |
| Sep 28, 2022 | Venture Capital Fund | $158M | 47 | $250,000 | 40% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $133M | 47 | $250,000 | 39% | yes | |
| Nov 20, 2023 | Venture Capital Fund | $133M | 47 | $250,000 | 39% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $95.1M | 50 | $250,000 | 36% | yes | |
| Sep 17, 2024 | Venture Capital Fund | $95.1M | 50 | $250,000 | 36% | yes | |
| Apr 9, 2026 | Venture Capital Fund | $88.3M | 50 | $250,000 | 36% |
Principals and agents
4 principals on Form D, 0 placement agents
- John Giampetroni Executive Officer/Director
- Michael Lazerow Executive Officer/Director
- Kathryn Lazerow Executive Officer/Director
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorPLANTE & MORAN, PLLC · AUBURN HILLS, Michigan, United StatesForm ADV filed Apr 9, 2026 reports.adviserinfo.sec.gov
- CustodianFLAGSTAR BANK · NEW YORK, New York, United StatesForm ADV filed Apr 9, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · NEW, New York, United StatesForm ADV filed Apr 9, 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
4 events
- Mar 30, 2022Velvet Sea Venture Capital Fund LP no longer reported on Form ADV by Rizvi Traverse Management, LLCFund no longer reported Inference Form ADV
- Aug 16, 2021Velvet Sea Venture Capital Fund LP filed Form D/A: $90,800,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
- Sep 10, 2020Velvet Sea Venture Capital Fund LP first reported on Form ADV by Rizvi Traverse Management, LLC (Venture Capital Fund), GAV $18,312,285Fund first reported on Form ADV Fact Form ADV
- Jul 31, 2020Velvet Sea Venture Capital Fund LP filed Form D: $53,450,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Aug 16, 2021 Fact Form D
- Entity type: Limited Partnership Jul 31, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Aug 16, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Jul 31, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 16, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 31, 2020 Fact Form D
- Amendment: true Aug 16, 2021 Fact Form D
- Amendment: false Jul 31, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Aug 16, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 31, 2020 Fact Form D
- Incorporated: withinFiveYears Aug 16, 2021 Fact Form D
- Incorporated: withinFiveYears Jul 31, 2020 Fact Form D
- Jurisdiction: Delaware Aug 16, 2021 Fact Form D
- Jurisdiction: Delaware Jul 31, 2020 Fact Form D
- Amount sold (Form D): $90.8M Aug 16, 2021 Fact Form D
- Amount sold (Form D): $53.5M Jul 31, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Aug 16, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jul 31, 2020 Fact Form D
- First sale: 2020-07-27 Aug 16, 2021 Fact Form D
- First sale: 2020-07-27 Jul 31, 2020 Fact Form D
- Indefinite offering: true Aug 16, 2021 Fact Form D
- Indefinite offering: true Jul 31, 2020 Fact Form D
- Investors (Form D): 46 Aug 16, 2021 Fact Form D
- Investors (Form D): 29 Jul 31, 2020 Fact Form D
- Minimum investment (Form D): 250,000 Aug 16, 2021 Fact Form D
- Minimum investment (Form D): 250,000 Jul 31, 2020 Fact Form D
- Securities offered: Equity, pooled Aug 16, 2021 Fact Form D
- Securities offered: Equity, pooled Jul 31, 2020 Fact Form D
- Office address: Aug 16, 2021 Fact Form D
- Office address: Jul 31, 2020 Fact Form D
- Year of incorporation: 2019 Aug 16, 2021 Fact Form D
- Year of incorporation: 2019 Jul 31, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Velvet Sea Venture Capital Fund LP is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
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Record history
4 dated events on the change ledger, latest event first
- Fund dropped from ADV2022-03-30source on record
- Form D filed2021-08-16source on record
- Fund first reported on ADV2020-09-10source on record
+1 more change on this record's ledger
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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.