DFX Intelligence
Principal Venture Partners, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital FundFeeder or parallel vehicle
A feeder, parallel or offshore vehicle of a main fund; its assets may overlap the main fund's.
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- $31.8Msold at the filing
Latest Form D filed on 20 Feb 2026: $31.8M sold of $100M offered, 16 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
- +15%reported GAV
Reported gross assets rose from $28.5M to $32.9M between the Form ADV filings of 25 Nov 2024 and 1 Apr 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
- 2024basis: 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
- $100Mwhat may be sold, not what was raised; file 021-524405, sworn by the adviser or filed under this vehicle
- Form D sold
- $31.8Mas of the filing of Feb 20, 2026, 16 investors
- First sale
- Sep 19, 2024
- Reported GAV
- $32.9Mon the Form ADV filed Apr 1, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 10
- Reported on ADV
- Nov 25, 2024 to Apr 1, 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.Active offering evidence
Form D filed or amended 2026-02-20: sold $31.8M of a stated $100.0M offering (fr-1)
evidence dated Feb 20, 2026.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Sep 19, 2024vintage year: 2024adv gav as of: Apr 1, 2026vintage basis: Form d first saleform d sold: $31.8Mform d offering: $100Mform d latest filed at: Feb 20, 2026
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Nov 25, 2024 | Venture Capital Fund | $28.5M | 11 | 2% | yes | ||
| Apr 1, 2026 | Venture Capital Fund | $32.9M | 10 | 2% |
Principals and agents
1 principal on Form D, 0 placement agents
- Songyee Yoon Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN JOSE, California, United StatesForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · HAMILTON, New Jersey, United StatesForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · SAN FRANCISCO, California, United StatesForm ADV filed Apr 1, 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
4 events
- Apr 1, 2026Administrator changed: Carta replaced ADURO ADVISORS, LLC, first reported on the Form ADV filed April 1, 2026 (previous filing March 31, 2025)Administrator changed Fact Form ADV
- Feb 20, 2026Principal Venture Partners, L.P. filed Form D/A: $31,800,000 sold of $100,000,000, Venture Capital FundForm D filed Fact Form D
- Nov 25, 2024Principal Venture Partners, L.P. first reported on Form ADV by Principal Vp Management Company LLC (Venture Capital Fund), GAV $28,500,000Fund first reported on Form ADV Fact Form ADV
- Sep 18, 2024Principal Venture Partners, L.P. filed Form D: no sales yet of $100,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Feb 20, 2026 Fact Form D
- Entity type: Limited Partnership Sep 18, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Feb 20, 2026 Fact Form D
- Form D fund type: Venture Capital Fund Sep 18, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 20, 2026 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 18, 2024 Fact Form D
- Amendment: true Feb 20, 2026 Fact Form D
- Amendment: false Sep 18, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Feb 20, 2026 Fact Form D
- Revenue range (Form D): Not Applicable Sep 18, 2024 Fact Form D
- Incorporated: withinFiveYears Feb 20, 2026 Fact Form D
- Incorporated: withinFiveYears Sep 18, 2024 Fact Form D
- Jurisdiction: Delaware Feb 20, 2026 Fact Form D
- Jurisdiction: Delaware Sep 18, 2024 Fact Form D
- Amount sold (Form D): $31.8M Feb 20, 2026 Fact Form D
- Amount sold (Form D): $0 Sep 18, 2024 Fact Form D
- Offering amount (Form D): $100M Feb 20, 2026 Fact Form D
- Offering amount (Form D): $100M Sep 18, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Feb 20, 2026 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Sep 18, 2024 Fact Form D
- First sale: 2024-09-19 Feb 20, 2026 Fact Form D
- Investors (Form D): 16 Feb 20, 2026 Fact Form D
- Investors (Form D): 0 Sep 18, 2024 Fact Form D
- Minimum investment (Form D): 0 Feb 20, 2026 Fact Form D
- Minimum investment (Form D): 0 Sep 18, 2024 Fact Form D
- Securities offered: pooled Feb 20, 2026 Fact Form D
- Securities offered: pooled Sep 18, 2024 Fact Form D
- Office address: Feb 20, 2026 Fact Form D
- Office address: Sep 18, 2024 Fact Form D
- Year of incorporation: 2024 Feb 20, 2026 Fact Form D
- Year of incorporation: 2024 Sep 18, 2024 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Principal Venture Partners, 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
3 dated events on the change ledger, latest event first
- Form D filed2026-02-20source on record
- Fund first reported on ADV2024-11-25source on record
- Form D filed2024-09-18source 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.