DFX Intelligence
Velvet Sea Venture Capital Fund II LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +175%reported GAV
Reported gross assets rose from $40.1M to $110M between the Form ADV filings of 17 Sep 2024 and 9 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
- 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
- indefinitewhat may be sold, not what was raised; file 021-422610, sworn by the adviser or filed under this vehicle
- Form D sold
- $69.1Mas of the filing of Nov 29, 2021, 46 investors
- First sale
- Nov 23, 2021
- Reported GAV
- $110Mon the Form ADV filed Apr 9, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 74
- Reported on ADV
- Mar 30, 2022 to Apr 9, 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.Unknown
latest Form D 2021-11-29, older than 15 months (fr-1)
evidence dated Nov 29, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Nov 23, 2021vintage year: 2021adv gav as of: Apr 9, 2026vintage basis: Form d first saleform d sold: $69.1Mform d offering: n/aform d latest filed at: Nov 29, 2021
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Venture Capital Fund | $0 | 48 | $50,000 | 22% | yes | |
| Sep 28, 2022 | Venture Capital Fund | $0 | 48 | $50,000 | 22% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $30.7M | 74 | $50,000 | 22% | yes | |
| Nov 20, 2023 | Venture Capital Fund | $30.7M | 74 | $50,000 | 22% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $40.1M | 74 | $50,000 | 20% | yes | |
| Sep 17, 2024 | Venture Capital Fund | $40.1M | 74 | $50,000 | 20% | yes | |
| Apr 9, 2026 | Venture Capital Fund | $110M | 74 | $50,000 | 24% |
Principals and agents
5 principals on Form D, 0 placement agents
- Michael Lazerow Executive Officer/Director
- John Giampetroni Executive Officer/Director
- Katherine Q Rosa Executive Officer/Director
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorPLANTE & MORAN, PLLC · AUBURN HILLS, Michigan, United StatesForm ADV filed Apr 9, 2026 reports.adviserinfo.sec.gov
- CustodianFLAGSTAR BANK · NEW YORK, New York, United StatesForm ADV filed Apr 9, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · NEW YORK, New York, United StatesForm ADV filed Apr 9, 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
2 events
- Mar 30, 2022Velvet Sea Venture Capital Fund II LP first reported on Form ADV by Velvet Sea Ventures (Venture Capital Fund)Fund first reported on Form ADV Fact Form ADV
- Nov 29, 2021Velvet Sea Venture Capital Fund II, LP filed Form D: $69,100,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Nov 29, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Nov 29, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 29, 2021 Fact Form D
- Amendment: false Nov 29, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 29, 2021 Fact Form D
- Incorporated: withinFiveYears Nov 29, 2021 Fact Form D
- Jurisdiction: Delaware Nov 29, 2021 Fact Form D
- Amount sold (Form D): $69.1M Nov 29, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Nov 29, 2021 Fact Form D
- First sale: 2021-11-23 Nov 29, 2021 Fact Form D
- Indefinite offering: true Nov 29, 2021 Fact Form D
- Investors (Form D): 46 Nov 29, 2021 Fact Form D
- Minimum investment (Form D): 50,000 Nov 29, 2021 Fact Form D
- Securities offered: Equity, pooled Nov 29, 2021 Fact Form D
- Office address: Nov 29, 2021 Fact Form D
- Year of incorporation: 2021 Nov 29, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Velvet Sea Venture Capital Fund II LP 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.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-30source on record
- Form D filed2021-11-29source 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.