DFX Intelligence
Curql Fund II, LLLP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Early deploymentFundraising 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
- +36288718800%reported GAV
Reported gross assets rose from $0 to $363M between the Form ADV filings of 29 Mar 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
- 2024basis: 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
- $500Mwhat may be sold, not what was raised; file 021-487165, sworn by the adviser or filed under this vehicle
- Form D sold
- $224Mas of the filing of Feb 5, 2025, 60 investors
- First sale
- Apr 1, 2024
- Reported GAV
- $363Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 97
- Reported on ADV
- Mar 29, 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.Unknown
latest Form D 2025-02-05, older than 15 months (fr-1)
evidence dated Feb 5, 2025.
Lifecycle
Early deployment
Lifecycle
vintage within 2 years
age years: 2first sale: Apr 1, 2024vintage year: 2024adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $224Mform d offering: $500Mform d latest filed at: Feb 5, 2025
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $0 | 0 | $2.0M | 2% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $363M | 97 | $2.0M | 2% |
Principals and agents
5 principals on Form D, 0 placement agents
- Next Level Ventures, LLC Director/Promoter
- Curql Collective, LLC Director/Promoter
- Nick Evens Director/Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorUHY LLP · WEST DES MOINES, Iowa, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorCAPITAL MANAGEMENT RESOURCES, LLC · MINNEAPOLIS, Minnesota, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianGREENSTATE FINANCIAL LLC · NORTH LIBERTY, Iowa, 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
- Feb 5, 2025Curql Fund II, LLLP filed Form D/A: $224,000,000 sold of $500,000,000, Other Investment FundForm D filed Fact Form D
- Mar 29, 2024Curql Fund II, LLLP first reported on Form ADV by Next Level Ventures, LLC (Venture Capital Fund)Fund first reported on Form ADV Fact Form ADV
- Jul 17, 2023Curql Fund II, LLLP filed Form D: no sales yet of $500,000,000, Other Investment FundForm D filed Fact Form D
Evidence
29 observations
Every observation on this vehicle
- Entity type: Other Feb 5, 2025 Fact Form D
- Entity type: Limited Partnership Jul 17, 2023 Fact Form D
- Form D fund type: Other Investment Fund Feb 5, 2025 Fact Form D
- Form D fund type: Other Investment Fund Jul 17, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 5, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 17, 2023 Fact Form D
- Amendment: true Feb 5, 2025 Fact Form D
- Amendment: false Jul 17, 2023 Fact Form D
- Incorporated: withinFiveYears Feb 5, 2025 Fact Form D
- Incorporated: withinFiveYears Jul 17, 2023 Fact Form D
- Jurisdiction: Delaware Feb 5, 2025 Fact Form D
- Jurisdiction: Delaware Jul 17, 2023 Fact Form D
- Amount sold (Form D): $224M Feb 5, 2025 Fact Form D
- Amount sold (Form D): $0 Jul 17, 2023 Fact Form D
- Offering amount (Form D): $500M Feb 5, 2025 Fact Form D
- Offering amount (Form D): $500M Jul 17, 2023 Fact Form D
- Exemptions: 06c, 3C, 3C.1, 3C.7 Feb 5, 2025 Fact Form D
- Exemptions: 06c, 3C, 3C.1, 3C.7 Jul 17, 2023 Fact Form D
- First sale: 2024-04-01 Feb 5, 2025 Fact Form D
- Investors (Form D): 60 Feb 5, 2025 Fact Form D
- Investors (Form D): 0 Jul 17, 2023 Fact Form D
- Minimum investment (Form D): 2,000,000 Feb 5, 2025 Fact Form D
- Minimum investment (Form D): 2,000,000 Jul 17, 2023 Fact Form D
- Securities offered: Equity, pooled Feb 5, 2025 Fact Form D
- Securities offered: Equity, pooled Jul 17, 2023 Fact Form D
- Office address: Feb 5, 2025 Fact Form D
- Office address: Jul 17, 2023 Fact Form D
- Year of incorporation: 2023 Feb 5, 2025 Fact Form D
- Year of incorporation: 2023 Jul 17, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Curql Fund II, LLLP 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
3 dated events on the change ledger, latest event first
- Form D filed2025-02-05source on record
- Fund first reported on ADV2024-03-29source on record
- Form D filed2023-07-17source 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.