DFX Intelligence
Stage 2 Capital Fund, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -70%reported GAV
Reported gross assets fell from $61.1M to $18M between the Form ADV filings of 8 May 2024 and 13 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
- 2018basis: 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 021-323777, sworn by the adviser or filed under this vehicle
- Form D sold
- $6.1Mas of the filing of Oct 17, 2018, 39 investors
- First sale
- Oct 8, 2018
- Reported GAV
- $18.0Mon the Form ADV filed Jul 13, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 98
- Reported on ADV
- Mar 31, 2024 to Jul 13, 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 2018-10-17, older than 15 months (fr-1)
evidence dated Oct 17, 2018.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 8first sale: Oct 8, 2018vintage year: 2018adv gav as of: Jul 13, 2026vintage basis: Form d first saleform d sold: $6.1Mform d offering: n/aform d latest filed at: Oct 17, 2018
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2024 | Venture Capital Fund | $61.1M | 98 | 3% | no | ||
| May 8, 2024 | Venture Capital Fund | $61.1M | 98 | 3% | no | ||
| Jul 13, 2026 | Venture Capital Fund | $18.0M | 98 | 3% |
Principals and agents
3 principals on Form D, 0 placement agents
- JAY Po Executive Officer/Director/Promoter
- Stage 2 Capital Advisors, LLC Executive Officer
- Stage 2 Capital GP, LLC Executive Officer
Service providers
4 named on Form ADV Schedule D and Form D
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Jul 13, 2026 reports.adviserinfo.sec.gov
- CustodianPACIFIC WESTERN BANK · LOS ANGELES, California, United StatesForm ADV filed Jul 13, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · COLUMBUS, Ohio, United StatesForm ADV filed Jul 13, 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
2 events
- Mar 31, 2024Stage 2 Capital Fund, L.P. first reported on Form ADV by Stage 2 Capital Advisors (Venture Capital Fund), GAV $61,147,993Fund first reported on Form ADV Fact Form ADV
- Oct 17, 2018Stage 2 Capital Fund, L.P. filed Form D: $6,100,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 17, 2018 Fact Form D
- Form D fund type: Venture Capital Fund Oct 17, 2018 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 17, 2018 Fact Form D
- Amendment: false Oct 17, 2018 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 17, 2018 Fact Form D
- Incorporated: withinFiveYears Oct 17, 2018 Fact Form D
- Jurisdiction: Delaware Oct 17, 2018 Fact Form D
- Amount sold (Form D): $6.1M Oct 17, 2018 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Oct 17, 2018 Fact Form D
- First sale: 2018-10-08 Oct 17, 2018 Fact Form D
- Indefinite offering: true Oct 17, 2018 Fact Form D
- Investors (Form D): 39 Oct 17, 2018 Fact Form D
- Minimum investment (Form D): 0 Oct 17, 2018 Fact Form D
- Securities offered: pooled Oct 17, 2018 Fact Form D
- Office address: Oct 17, 2018 Fact Form D
- Year of incorporation: 2018 Oct 17, 2018 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Stage 2 Capital Fund, L.P. 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.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2024-03-31source on record
- Form D filed2018-10-17source 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.