DFX Intelligence
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Funds / M••••••• S••••• I••• L•••
M••••••• S••••• I••• L•••
FundraisingUnknownGrowth fundADV: Venture Capital FundM••••••• F•••• L•••••• a• D••••••• L•••••• L•••••••• C••••••D•••••••
Amounts, each with its basis
- Vintage
- 2023basis: 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 021-481042, sworn by the adviser or filed under this vehicle
- Form D sold
- $550Mas of the filing of May 9, 2025, 78 investors
- First sale
- May 1, 2023
- Reported GAV
- $375Mon the Form ADV filed Aug 19, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 81
- Reported on ADV
- Feb 28, 2024 to Aug 19, 2024
Fundraising evidence
Unknown
latest Form D 2025-05-09, older than 15 months (fr-1)
evidence dated May 9, 2025. 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
Fundraising
Form D within 18 months and the offering is not sold out
first sale: 2023-05-01vintage year: $2,023adv gav as of: 2024-08-19vintage basis: form_d_first_saleform d sold usd: $550Mform d offering usd: n/aform d latest filed at: 2025-05-09
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2024 | Venture Capital Fund | $375M | 81 | $500,000 | 1% | yes | |
| Apr 5, 2024 | Venture Capital Fund | $375M | 81 | $500,000 | 1% | yes | |
| Aug 19, 2024 | Venture Capital Fund | $375M | 81 | $500,000 | 1% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- G•••••• P•••••• M••••••• S••••• I•• M••••••••• L••••• Promoter
- N•••• C•••••• Promoter
Limited partners and their reported performance
3 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| O••••• P••••• E•••••••• R••••••••• F••• oregon.gov | 2025 | $25.3M | $7.6M | $0 | $8.8M | not meaningful yet | 1.2x | Mar 31, 2026 |
| L•• A•••••• C••• E••••••••• R••••••••• S••••• lacers.org | 2025 | n/a | n/a | n/a | n/a | not meaningful yet | 1.1x | Dec 31, 2025 |
| L•• A•••••• C••• E••••••••• R••••••••• S••••• lacers.org | 2023 | $5.0M | n/a | n/a | n/a | not meaningful yet | unknown | Apr 24, 2023 |
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
7 events
- Mar 31, 2026••• LockedLP commitment disclosed Fact P••••• pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2026••• LockedLP commitment disclosed Fact P••••• pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025••• LockedLP commitment disclosed Fact P••••• pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- May 9, 2025••• LockedForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Feb 28, 2024••• LockedFund 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)
- May 8, 2023••• LockedForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Apr 24, 2023••• Locked
Evidence
32 observations
Every observation on this vehicle
- Entity type: L•••••• Partnership May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: L•••••• Partnership May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $550M May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $375M May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2023-05-01 May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2023-05-01 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 78 May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 74 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: ••• Locked May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: ••• Locked May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2023 May 9, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2023 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)