DFX Intelligence
BY Capital 2 Gmbh & Co. Kg
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
1 additional principal, 2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +96%reported GAV
Reported gross assets rose from $105M to $206M between the Form ADV filings of 26 Jun 2024 and 11 May 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
- 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
- $127Mwhat may be sold, not what was raised; file 021-330173, sworn by the adviser or filed under this vehicle
- Form D sold
- $127Mas of the filing of Jan 10, 2019, 16 investors
- First sale
- Jan 2, 2019
- Reported GAV
- $206Mon the Form ADV filed May 11, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 16
- Reported on ADV
- Jun 26, 2024 to May 11, 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 2019-01-10: the stated $126.5M offering reported fully sold (fr-1)
evidence dated Jan 10, 2019.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 7first sale: Jan 2, 2019vintage year: 2019adv gav as of: May 11, 2026vintage basis: Form d first saleform d sold: $127Mform d offering: $127Mform d latest filed at: Jan 10, 2019
The fund's own reporting through time
9 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2019 | Other Private Fund | $125M | 16 | $229,000 | 1% | yes | |
| Mar 10, 2020 | Other Private Fund | $123M | 16 | $224,680 | 1% | yes | |
| Mar 26, 2021 | Other Private Fund | $141M | 16 | $245,420 | 1% | yes | |
| Mar 30, 2022 | Other Private Fund | $134M | 16 | $226,520 | 1% | yes | |
| Mar 31, 2023 | Other Private Fund | $101M | 16 | $213,320 | 1% | yes | |
| Mar 29, 2024 | Other Private Fund | $107M | 16 | $221,000 | 1% | yes | |
| May 14, 2024 | Other Private Fund | $107M | 16 | $221,000 | 1% | yes | |
| Jun 26, 2024 | Venture Capital Fund | $105M | 16 | $216,220 | 1% | yes | |
| May 11, 2026 | Venture Capital Fund | $206M | 16 | $235,000 | 1% |
Principals and agents
4 principals on Form D, 0 placement agents
- Jason Whitmire Director
- BY Capital Management GmbH Executive Officer
- BY Capital 2 GP GmbH Executive Officer
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorKPMG · MUNICH, GermanyForm ADV filed May 11, 2026 reports.adviserinfo.sec.gov
- AdministratorApex Group · HAMBURG, GermanyForm ADV filed May 11, 2026 reports.adviserinfo.sec.gov
- CustodianUNICREDIT BANK AG · MUNICH, GermanyForm ADV filed May 11, 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
- Mar 19, 2025Administrator changed: Apex Group replaced MOLA-ADMINISTRATION GMBH, first reported on the Form ADV filed March 19, 2025 (previous filing June 26, 2024)Administrator changed Fact Form ADV
- Mar 27, 2019BY Capital 2 Gmbh & Co. Kg first reported on Form ADV by Blue Yard Capital (Other Private Fund), GAV $125,000,000Fund first reported on Form ADV Fact Form ADV
- Jan 10, 2019BY Capital 2 GmbH & Co. KG filed Form D: $126,540,000 sold of $126,540,000, Venture Capital FundForm D filed Fact Form D
Evidence
28 observations
Every observation on this vehicle
- Entity type: Other Fact Form D
- Entity type: Other Jan 10, 2019 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Jan 10, 2019 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Jan 10, 2019 Fact Form D
- Amendment: false Fact Form D
- Amendment: false Jan 10, 2019 Fact Form D
- Revenue range (Form D): Decline to Disclose Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 10, 2019 Fact Form D
- Incorporated: yetToBeFormed Fact Form D
- Incorporated: yetToBeFormed Jan 10, 2019 Fact Form D
- Amount sold (Form D): $127M Fact Form D
- Amount sold (Form D): $127M Jan 10, 2019 Fact Form D
- Offering amount (Form D): $127M Fact Form D
- Offering amount (Form D): $127M Jan 10, 2019 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jan 10, 2019 Fact Form D
- First sale: 2019-01-02 Fact Form D
- First sale: 2019-01-02 Jan 10, 2019 Fact Form D
- Investors (Form D): 16 Fact Form D
- Investors (Form D): 16 Jan 10, 2019 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Jan 10, 2019 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Jan 10, 2019 Fact Form D
- Office address: Fact Form D
- Office address: Jan 10, 2019 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
BY Capital 2 Gmbh & Co. Kg 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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2019-03-27source on record
- Form D filed2019-01-10source 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.