DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Valar Velocity Fund 1 LP
Valar Velocity Fund 1 LP
Amounts, each with its basis
- Vintage
- 2019basis: 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
- $205Mwhat may be sold, not what was raised; file 021-330398, sworn by the adviser or filed under this vehicle
- Form D sold
- $205Mas of the filing of Mar 9, 2020, 65 investors
- First sale
- Jun 12, 2019
- Reported GAV
- $394Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 65
- Reported on ADV
- Mar 27, 2020 to Mar 27, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2020-03-09: the stated $204.5M offering reported fully sold (fr-1)
evidence dated Mar 9, 2020. 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: 7first sale: 2019-06-12vintage year: $2,019adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $205Mform d offering usd: $205Mform d latest filed at: 2020-03-09
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2020 | Venture Capital Fund | $174M | 52 | $50,000 | 1% | yes | |
| Mar 30, 2021 | Venture Capital Fund | $230M | 65 | $50,000 | 0% | yes | |
| Mar 29, 2022 | Venture Capital Fund | $557M | 65 | $50,000 | 0% | yes | |
| Sep 1, 2022 | Venture Capital Fund | $557M | 65 | $50,000 | 0% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $417M | 65 | $50,000 | 0% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $394M | 65 | $50,000 | 0% | yes |
Principals and agents
4 principals on Form D, 2 placement agents
- Valar Opportunity GP I LLC Promoter
- James Fitzgerald Director
- Andrew Mccormack Director
- Valar Velocity GP 1 LLC Promoter
- Mercury Capital Advisors, LLC placement agent
- Astir Capital Advisors Ltd. placement agent
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| San Diego City Employees' Retirement System content.sdcers.gov | 2019 | $7.5M | $7.5M | $2.4M | $12.6M | 11.7% | 2.0x | Mar 31, 2026 |
Each 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).
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
5 events
- Mar 31, 2026SDCERS reports Valar Velocity Fund 1 LP: $7,500,000 committed, vintage 2019, net IRR 11.7%, 2.0xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 27, 2020Valar Velocity Fund 1 LP first reported on Form ADV by Valar Ventures LLC (Venture Capital Fund), GAV $174,045,015Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 9, 2020Valar Velocity Fund 1 LP filed Form D/A: $204,545,000 sold of $204,545,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Jun 7, 2019Valar Velocity Fund 1 LP filed Form D/A: no sales yet of $150,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Jan 14, 2019Valar Opportunity Fund I LP filed Form D: no sales yet of $200,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
68 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: yetToBeFormed Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: yetToBeFormed Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $205M Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $205M Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $205M Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $150M Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $200M Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $205M Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $150M Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $200M Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-06-12 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-06-12 Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 65 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 65 Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 915 BROADWAY, SUITE 1101, NEW YORK, NY, 10010 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 915 BROADWAY, SUITE 1101, NEW YORK, NY, 10010 Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 915 BROADWAY, SUITE 1101, NEW YORK, NY, 10010 Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 915 BROADWAY, SUITE 1101, NEW YORK, NY, 10010 Jan 14, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Mar 9, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Jun 7, 2019 Fact SEC EDGAR Form D data sets (quarterly)