Equip Opportunities Fund, L.P.
2 additional principals
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, California Public Employees' Retirement System as of 31 Dec 2025, shows $200M committed and net IRR 6.2%, 1.00x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners → - +99%reported GAV
Reported gross assets rose from $105M to $208M between the Form ADV filings of 29 Mar 2024 and 30 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2024basis: 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
- indefinitewhat may be sold, not what was raised; file 021-486364, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jul 10, 2023
- First sale
- unknown
- Reported GAV
- $208Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 1
- Reported on ADV
- Mar 29, 2024 to Mar 30, 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.Lifecycle
Early deployment
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $105M | 1 | $100M | 0% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $208M | 1 | $100M | 0% |
Principals and agents
- Acrew Capital GenPar III, L.P. Promoter
- Lauren Kolodny Director
- Theresia Gouw Director
Service providers
- AuditorFrank, Rimerman + Co. · PALO ALTO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 30, 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).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2023 | $200M | $152M | $0 | $159M | 6.2% | 1.0x | Dec 31, 2025 |
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.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | $200M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025CalPERS reports Equip Opportunities Fund, L.P.: $200,000,000 committed, vintage 2023, net IRR 6.2%, 1.0xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports Equip Opportunities Fund, L.P.: $200,000,000 committed, vintage 2023, net IRR 6.2%, 1.0xLP commitment disclosed Fact Pension disclosure
- Mar 29, 2024Equip Opportunities Fund, L.P. first reported on Form ADV by Acrew Capital Management, L.P. (Venture Capital Fund), GAV $104,500,000Fund first reported on Form ADV Fact Form ADV
- Jul 10, 2023Equip Opportunities Fund, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Jul 10, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Jul 10, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 10, 2023 Fact Form D
- Amendment: false Jul 10, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 10, 2023 Fact Form D
- Incorporated: withinFiveYears Jul 10, 2023 Fact Form D
- Jurisdiction: Delaware Jul 10, 2023 Fact Form D
- Amount sold (Form D): $0 Jul 10, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jul 10, 2023 Fact Form D
- Indefinite offering: true Jul 10, 2023 Fact Form D
- Investors (Form D): 0 Jul 10, 2023 Fact Form D
- Minimum investment (Form D): 0 Jul 10, 2023 Fact Form D
- Securities offered: pooled Jul 10, 2023 Fact Form D
- Office address: Jul 10, 2023 Fact Form D
- Year of incorporation: 2023 Jul 10, 2023 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
Equip Opportunities Fund, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Equip Opportunities Fund, L.P. sits on 5 traced paths of capital across the graphs.
DFX traced 5 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2024-03-29source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.