DFX Intelligence
High Alpha Capital Fund II, 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 principal, 1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -42%reported GAV
Reported gross assets fell from $135M to $78.6M between the Form ADV filings of 13 Jun 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
- 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
- $85.0Mwhat may be sold, not what was raised; file 021-307381, sworn by the adviser or filed under this vehicle
- Form D sold
- $38.1Mas of the filing of Mar 9, 2018, 57 investors
- First sale
- Feb 23, 2018
- Reported GAV
- $78.6Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 80
- Reported on ADV
- Mar 27, 2018 to Mar 31, 2026
Fundraising evidenceWhat 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 2018-03-09, older than 15 months (fr-1)
evidence dated Mar 9, 2018.
LifecycleHarvest
vintage over 7 years, still reported
age years: 8first sale: Feb 23, 2018vintage year: 2018adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $38.1Mform d offering: $85.0Mform d latest filed at: Mar 9, 2018
The fund's own reporting through time
9 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2018 | Venture Capital Fund | $85.0M | 80 | $50,000 | 2% | no | |
| Mar 22, 2019 | Venture Capital Fund | $84.0M | 80 | $50,000 | 2% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $92.2M | 80 | $50,000 | 2% | yes | |
| Mar 24, 2021 | Venture Capital Fund | $118M | 80 | $50,000 | 2% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $162M | 80 | $50,000 | 2% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $151M | 80 | $50,000 | 2% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $135M | 80 | $50,000 | 2% | yes | |
| Jun 13, 2024 | Venture Capital Fund | $135M | 80 | $50,000 | 2% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $78.6M | 80 | $50,000 | 2% |
Principals and agents
4 principals on Form D, 0 placement agents
- Mike Fitzgerald Director
- Kristian Andersen Director
- Eric Tobias Director
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorRSM · CHICAGO, Illinois, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorSTILLWATER FUND SERVICES, LLC · BEVERLY SHORES, Indiana, 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 performanceWhose 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 allocatorsWhat 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 27, 2018High Alpha Capital Fund II, L.P. first reported on Form ADV by High Alpha Studio, LLC (Venture Capital Fund), GAV $85,000,000Fund first reported on Form ADV Fact Form ADV
- Mar 9, 2018High Alpha Capital Fund II, L.P. filed Form D: $38,100,000 sold of $85,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 9, 2018 Fact Form D
- Form D fund type: Venture Capital Fund Mar 9, 2018 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 9, 2018 Fact Form D
- Amendment: false Mar 9, 2018 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 9, 2018 Fact Form D
- Incorporated: withinFiveYears Mar 9, 2018 Fact Form D
- Jurisdiction: Delaware Mar 9, 2018 Fact Form D
- Amount sold (Form D): $38.1M Mar 9, 2018 Fact Form D
- Offering amount (Form D): $85.0M Mar 9, 2018 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Mar 9, 2018 Fact Form D
- First sale: 2018-02-23 Mar 9, 2018 Fact Form D
- Investors (Form D): 57 Mar 9, 2018 Fact Form D
- Minimum investment (Form D): 50,000 Mar 9, 2018 Fact Form D
- Securities offered: pooled Mar 9, 2018 Fact Form D
- Office address: Mar 9, 2018 Fact Form D
- Year of incorporation: 2018 Mar 9, 2018 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
High Alpha Capital Fund II, 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 ADV2018-03-27source on record
- Form D filed2018-03-09source 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.