DFX Intelligence
Tsvc Fund V, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 additional principals, 2 additional placement agents
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
- -18%reported GAV
Reported gross assets fell from $54.4M to $44.4M between the Form ADV filings of 21 Oct 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
- 2021basis: 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
- $57.4Mwhat may be sold, not what was raised; file 021-424452, sworn by the adviser or filed under this vehicle
- Form D sold
- $57.4Mas of the filing of Aug 21, 2023, 83 investors
- First sale
- Nov 15, 2021
- Reported GAV
- $44.4Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 86
- Reported on ADV
- Oct 14, 2024 to Mar 31, 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.Closed to new capital
Form D filed or amended 2023-08-21: the stated $57.4M offering reported fully sold (fr-1)
evidence dated Aug 21, 2023.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Nov 15, 2021vintage year: 2021adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $57.4Mform d offering: $57.4Mform d latest filed at: Aug 21, 2023
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Oct 14, 2024 | Venture Capital Fund | $53.0M | 86 | $500,000 | 10% | yes | |
| Oct 21, 2024 | Venture Capital Fund | $54.4M | 86 | $500,000 | 10% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $44.4M | 86 | $500,000 | 10% |
Principals and agents
6 principals on Form D, 0 placement agents
- Spencer Greene Executive Officer
- Chun Xia Executive Officer
- Eugene Zhang Executive Officer
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorArmanino · SAN JOSE, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianEAST WEST BANK · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 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
3 events
- Oct 14, 2024Tsvc Fund V, LP first reported on Form ADV by Tsvc Management LLC (Venture Capital Fund), GAV $53,004,139Fund first reported on Form ADV Fact Form ADV
- Aug 21, 2023TSVC Fund V LP filed Form D/A: $57,360,000 sold of $57,360,000, Venture Capital FundForm D filed Fact Form D
- Dec 10, 2021TSVC Fund V LP filed Form D: $35,285,000 sold of $75,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Aug 21, 2023 Fact Form D
- Entity type: Limited Partnership Dec 10, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Aug 21, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Dec 10, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 21, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 10, 2021 Fact Form D
- Amendment: true Aug 21, 2023 Fact Form D
- Amendment: false Dec 10, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Aug 21, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 10, 2021 Fact Form D
- Incorporated: withinFiveYears Aug 21, 2023 Fact Form D
- Incorporated: withinFiveYears Dec 10, 2021 Fact Form D
- Jurisdiction: Delaware Aug 21, 2023 Fact Form D
- Jurisdiction: Delaware Dec 10, 2021 Fact Form D
- Amount sold (Form D): $57.4M Aug 21, 2023 Fact Form D
- Amount sold (Form D): $35.3M Dec 10, 2021 Fact Form D
- Offering amount (Form D): $57.4M Aug 21, 2023 Fact Form D
- Offering amount (Form D): $75.0M Dec 10, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Aug 21, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Dec 10, 2021 Fact Form D
- First sale: 2021-11-15 Aug 21, 2023 Fact Form D
- First sale: 2021-11-15 Dec 10, 2021 Fact Form D
- Investors (Form D): 83 Aug 21, 2023 Fact Form D
- Investors (Form D): 78 Dec 10, 2021 Fact Form D
- Minimum investment (Form D): 500,000 Aug 21, 2023 Fact Form D
- Minimum investment (Form D): 500,000 Dec 10, 2021 Fact Form D
- Securities offered: pooled Aug 21, 2023 Fact Form D
- Securities offered: pooled Dec 10, 2021 Fact Form D
- Office address: Aug 21, 2023 Fact Form D
- Office address: Dec 10, 2021 Fact Form D
- Year of incorporation: 2021 Aug 21, 2023 Fact Form D
- Year of incorporation: 2021 Dec 10, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Tsvc Fund V, LP is the same institution as 2 records in RIA and Wealth and Family Offices.
RIA and Wealth1Family Offices1
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…
Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2024-10-14source on record
- Form D filed2023-08-21source on record
- Form D filed2021-12-10source 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.