This fund
The fund's name, its manager, 2 additional placement agents, 1 event
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
- 2 LP reportspublic disclosures
2 public LP reports name this vehicle; the latest, Los Angeles City Employees' Retirement System as of 31 Dec 2025, shows $20M committed and net IRR 6.5%, 1.15x (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 →
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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 021-1816311, 021-370075, sworn by the adviser or filed under this vehicle
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $236Mon the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 140
- Reported on ADV
- Jun 3, 2022 to Mar 27, 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
Unknown
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Aug 31, 2020 | Venture Capital Fund | $18.0M | 10 | $1.0M | 2% | yes | |
| Mar 29, 2021 | Venture Capital Fund | $18.0M | 10 | $1.0M | 2% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $134M | 42 | $50,000 | 3% | yes | |
| Jun 3, 2022 | Venture Capital Fund | $222M | 140 | $50,000 | 7% | yes | |
| Jul 28, 2022 | Venture Capital Fund | $134M | 42 | $50,000 | 3% | yes | |
| Aug 3, 2022 | Venture Capital Fund | $222M | 140 | $50,000 | 7% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $215M | 140 | $50,000 | 7% | yes | |
| Mar 21, 2024 | Venture Capital Fund | $229M | 140 | $50,000 | 7% | yes | |
| Mar 27, 2026 | Venture Capital Fund | $236M | 140 | $50,000 | 7% |
Principals and agents
Service providers
- AuditorBDO · CHICAGO, Illinois, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · DENVER, Colorado, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 27, 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 |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2020 | $20.0M | $19.9M | $2.9M | $20.1M | 6.5% | 1.1x | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $20.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Oct 13, 2021 |
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 |
|---|---|---|---|---|
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $20.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Mar 27, 2026Auditor changed Fact Form ADV
- Dec 31, 2025LP commitment disclosed Fact Pension disclosure
- Mar 31, 2022Custodian changed Fact Form ADV
- Oct 13, 2021LP commitment closed Fact Pension disclosure
- Mar 29, 2021Auditor changed Fact Form ADV
Evidence
Every observation on this vehicle
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
This fund 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…
This fund 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 made2021-10-13source on record
- Fund first reported on ADV2020-08-31source 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.