DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
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Funds / J••••• Q• L••
J••••• Q• L••
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
- $194Mwhat may be sold, not what was raised; file 021-349976, sworn by the adviser or filed under this vehicle
- Form D sold
- $194Mas of the filing of Sep 30, 2019, 41 investors
- First sale
- Sep 4, 2019
- Reported GAV
- $139Mon the Form ADV filed Feb 19, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 41
- Reported on ADV
- Feb 27, 2020 to Feb 19, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2019-09-30: the stated $194.1M offering reported fully sold (fr-1)
evidence dated Sep 30, 2019. 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: 2019-09-04vintage year: $2,019adv gav as of: 2024-02-19vintage basis: form_d_first_saleform d sold usd: $194Mform d offering usd: $194Mform d latest filed at: 2019-09-30
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 27, 2020 | Venture Capital Fund | $3.0M | 41 | $50,000 | 89% | no | |
| Feb 25, 2021 | Venture Capital Fund | $39.8M | 41 | $50,000 | 89% | no | |
| Mar 14, 2022 | Venture Capital Fund | $141M | 41 | $50,000 | 89% | no | |
| Feb 6, 2023 | Venture Capital Fund | $144M | 41 | $50,000 | 89% | no | |
| Feb 19, 2024 | Venture Capital Fund | $139M | 41 | $50,000 | 89% | no |
Principals and agents
6 principals on Form D, 0 placement agents
- J••• C•••••• L•• Promoter
- S••••• S•••• C•••••• Executive Officer
- M•••••• A••••• H•••••••• Executive Officer
- W•••••• J••••• D•••••• Executive Officer
- P••• A••••• G•••••• Executive Officer
- M•••••• B•••• M•••••• Executive Officer
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
2 events
- Feb 27, 2020J••••• Q• L•• first reported on Form ADV by J••• C•••••• (Venture Capital Fund), GAV $3,009,170Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 30, 2019J••••• Q• L•• filed Form D: $194,140,000 sold of $194,140,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Liability Company Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $194M Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $194M Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $194M Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $194M Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-09-04 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-09-04 Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 41 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 41 Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 50,000 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 50,000 Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 600 W. Chicago Avenue, Suite 625, Chicago, IL, 60654 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 600 W. Chicago Avenue, Suite 625, Chicago, IL, 60654 Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Sep 30, 2019 Fact SEC EDGAR Form D data sets (quarterly)