DFX Intelligence
Fund 025
Fundmanaged by FR Capital Holdings, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising 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
- +61%reported GAV
Reported gross assets rose from $241M to $388M between the Form ADV filings of 22 Mar 2024 and 31 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
- 2022basis: adv first reported
- 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
- unknownwhat may be sold, not what was raised; file 021-9999999999, sworn by the adviser or filed under this vehicle
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $388Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 42
- Reported on ADV
- Mar 24, 2022 to Mar 31, 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
no Form D or close on record (fr-1)
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Mar 31, 2026vintage basis: ADV first reportedform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 24, 2022 | Venture Capital Fund | $255M | 42 | 1% | yes | ||
| Mar 31, 2023 | Venture Capital Fund | $253M | 42 | 1% | yes | ||
| Mar 22, 2024 | Venture Capital Fund | $241M | 42 | 1% | yes | ||
| Mar 31, 2026 | Venture Capital Fund | $388M | 42 | 1% |
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorRSM · BLUE BELL, Pennsylvania, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · PRINCETON, New Jersey, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 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
1 event
- Mar 24, 2022Fund 025 first reported on Form ADV by FR Capital Holdings, LP (Venture Capital Fund), GAV $255,416,847Fund first reported on Form ADV Fact Form ADV
Evidence
0 observations
Every observation on this vehicle
Relationships across DFX
on 1 other DFX graph
Across the graphs
Fund 025 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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