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Funds / B••• C•••• V••••••• I• L•

B••• C•••• V••••••• I• L•

MatureClosed to new capitalFundADV: Venture Capital FundB••• C•••• M••••••••• L••Delaware
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
$253Mwhat may be sold, not what was raised; file 021-378990, sworn by the adviser or filed under this vehicle
Form D sold
$253Mas of the filing of Jun 3, 2022, 278 investors
First sale
Oct 20, 2020
Reported GAV
$304Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
280
Reported on ADV
Mar 31, 2021 to Mar 27, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2022-06-03: the stated $253.3M offering reported fully sold (fr-1)
evidence dated Jun 3, 2022. 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: 6first sale: 2020-10-20vintage year: $2,020adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $253Mform d offering usd: $253Mform d latest filed at: 2022-06-03
The fund's own reporting through time
5 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2021Venture Capital Fund$132M
133$1.0M5%yes
Mar 29, 2022Venture Capital Fund$294M
275$1.0M2%yes
Nov 16, 2022Venture Capital Fund$294M
275$1.0M2%yes
Mar 31, 2023Venture Capital Fund$277M
280$1.0M2%yes
Mar 27, 2024Venture Capital Fund$304M
280$1.0M2%yes
Principals and agents
4 principals on Form D, 1 placement agents
  • R••• R•••• Executive Officer
  • B••• C•••• M••••••••• L•• Director
  • M•• A••• Executive Officer
  • B••• C•••• A••••••• I• L•• Director
  • G•••••• W••••••••• C••••••• L•• 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. Jun 3, 2022
    B••• C•••• V••••••• I• L• filed Form D/A: $253,268,000 sold of $253,268,000, Venture Capital Fund
  2. Oct 27, 2021
    B••• C•••• V••••••• I• L• filed Form D/A: $238,303,000 sold of $250,000,000, Venture Capital Fund
  3. Mar 31, 2021
    B••• C•••• V••••••• I• L• first reported on Form ADV by B••• C•••• M••••••••• L•• (Venture Capital Fund), GAV $132,000,000
  4. Oct 27, 2020
    B••• C•••• V••••••• I• L• filed Form D: $127,408,000 sold of $200,000,000, Venture Capital Fund
Evidence
48 observations
Every observation on this vehicle