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Funds / B••• F••• I•• N•• L•

B••• F••• I•• N•• L•

MatureUnknownFundADV: Venture Capital FundB••• C•••••• M••••••••• L•Texas
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
$100Mwhat may be sold, not what was raised; file 021-351805, sworn by the adviser or filed under this vehicle
Form D sold
$3.9Mas of the filing of Jul 22, 2020, 10 investors
First sale
Dec 2, 2019
Reported GAV
$14.6Mon the Form ADV filed Mar 25, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
20
Reported on ADV
Mar 28, 2020 to Mar 25, 2024
Fundraising evidence
Unknown
latest Form D 2020-07-22, older than 15 months (fr-1)
evidence dated Jul 22, 2020. A 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.
Lifecycle
Mature
vintage 4 to 7 years
age years: 7first sale: 2019-12-02vintage year: $2,019adv gav as of: 2024-03-25vintage basis: form_d_first_saleform d sold usd: $3.9Mform d offering usd: $100Mform d latest filed at: 2020-07-22
The fund's own reporting through time
14 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 25, 2020Venture Capital Fund$1.4M
4$500,0000%no
Mar 28, 2020Venture Capital Fund$1.4M
4$500,0000%no
Mar 31, 2021Venture Capital Fund$7.9M
23$200,0000%yes
Mar 31, 2021Venture Capital Fund$7.9M
23$200,0001%yes
Sep 3, 2021Venture Capital Fund$7.9M
23$200,0000%yes
Oct 12, 2021Venture Capital Fund$7.9M
23$200,0001%yes
Mar 29, 2022Venture Capital Fund$10.9M
23$200,0000%yes
Mar 29, 2022Venture Capital Fund$10.9M
23$200,0001%yes
Feb 3, 2023Venture Capital Fund$10.9M
23$200,0001%yes
Mar 30, 2023Venture Capital Fund$13.8M
20$200,0000%yes
Mar 30, 2023Venture Capital Fund$13.8M
20$200,0001%yes
Mar 30, 2023Venture Capital Fund$13.8M
20$200,0001%yes
Mar 25, 2024Venture Capital Fund$14.6M
20$200,0001%yes
Mar 28, 2024Venture Capital Fund$14.6M
20$200,0000%yes
Principals and agents
8 principals on Form D, 2 placement agents
  • L•• G•••• L•••• C••• A••••••• Director
  • A•••• G•••• L•••• F••••••• Director
  • L••••• W•••• K•••• Director
  • • B••• C•••••• M••••••••• L• Director
  • • C••• M••••••••• L• Director
  • L•• G•••• L•••• B••• A••••••• G• Director
  • • B••• E••••• P••••••• I••• L• Director
  • L•• S•••••••• C•••••• M••••••••• Director
  • S••••• R••• C•••••• placement agent
  • K•••••• W• S•••• J• placement agent
Limited partners and their reported performance
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.
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
  1. Jul 22, 2020
    B••• F••• I•• N•• L• filed Form D/A: $3,867,000 sold of $100,000,000, Venture Capital Fund
  2. Mar 25, 2020
    B••• F••• I•• N•• L• first reported on Form ADV by S•••••••• C•••••• M••••••••• L•• (Venture Capital Fund), GAV $1,400,000
  3. Feb 26, 2020
    B••• F••• I•• N•• L• filed Form D/A: $2,667,000 sold of $100,000,000, Venture Capital Fund
  4. Oct 24, 2019
    B••• F••• I•• N•• L• filed Form D: no sales yet of $100,000,000, Venture Capital Fund
Evidence
68 observations
Every observation on this vehicle