DFX Intelligence
Differential Venture Capital Fund I, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestClosed 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, 1 event
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
- -28%reported GAV
Reported gross assets fell from $30M to $21.5M between the Form ADV filings of 31 Mar 2024 and 6 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
- 2017basis: 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
- $19.5Mwhat may be sold, not what was raised; file 021-299591, 021-1723326; 1 joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the filing's signer sitting on the adviser's roster, not sworn
- Form D sold
- $19.5Mas of the filing of Mar 9, 2020, 28 investors
- First sale
- Dec 31, 2017
- Reported GAV
- $21.5Mon the Form ADV filed May 6, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 28
- Reported on ADV
- Feb 21, 2018 to May 6, 2026
Fundraising evidenceWhat 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 2020-03-09: the stated $19.5M offering reported fully sold (fr-1)
evidence dated Mar 9, 2020.
LifecycleHarvest
vintage over 7 years, still reported
age years: 9first sale: Dec 31, 2017vintage year: 2017adv gav as of: May 6, 2026vintage basis: Form d first saleform d sold: $19.5Mform d offering: $19.5Mform d latest filed at: Mar 9, 2020
The fund's own reporting through time
9 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 21, 2018 | Venture Capital Fund | $270,000 | 3 | $20,000 | 2% | no | |
| Mar 31, 2018 | Venture Capital Fund | $270,000 | 3 | 2% | no | ||
| Mar 29, 2019 | Venture Capital Fund | $963,662 | 14 | 30% | no | ||
| Mar 11, 2020 | Venture Capital Fund | $963,662 | 14 | 30% | no | ||
| Mar 24, 2021 | Venture Capital Fund | $11.7M | 28 | 50% | yes | ||
| Mar 30, 2022 | Venture Capital Fund | $18.2M | 28 | 50% | yes | ||
| Mar 29, 2023 | Venture Capital Fund | $33.0M | 28 | 50% | yes | ||
| Mar 31, 2024 | Venture Capital Fund | $30.0M | 30 | 50% | yes | ||
| May 6, 2026 | Venture Capital Fund | $21.5M | 28 | 53% |
Principals and agents
6 principals on Form D, 1 placement agents
- Nicholas J. Adams Executive Officer/Director
- Alex J. Katz Executive Officer/Director
- David J. Magerman Executive Officer/Director
- Register Financial Associates, Inc. placement agent
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorCohnReznick · NEW YORK, New York, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- AdministratorTMF FUND SERVICES NORTH AMERICA LLC · CARY, North Carolina, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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 allocatorsWhat 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
6 events
- Mar 28, 2025Administrator changed: TMF FUND SERVICES NORTH AMERICA LLC replaced VBO - TMF GROUP, first reported on the Form ADV filed March 28, 2025 (previous filing March 31, 2024)Administrator changed Fact Form ADV
- Mar 29, 2023Administrator changed: VBO - TMF GROUP replaced Carta, first reported on the Form ADV filed March 29, 2023 (previous filing March 30, 2022)Administrator changed Fact Form ADV
- Mar 9, 2020Differential Venture Capital Fund I, LP filed Form D/A: $19,500,000 sold of $19,500,000, Venture Capital FundForm D filed Fact Form D
- Nov 28, 2018Differential Venture Capital Fund I, LP filed Form D/A: $1,920,000 sold of $50,000,000, Venture Capital FundForm D filed Fact Form D
- Feb 21, 2018Differential Venture Capital Fund I, LP first reported on Form ADV by Differential Venture Partners, LLC (Venture Capital Fund), GAV $270,000Fund first reported on Form ADV Fact Form ADV
Evidence
47 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 9, 2020 Fact Form D
- Entity type: Limited Partnership Nov 28, 2018 Fact Form D
- Entity type: Limited Partnership Nov 28, 2017 Fact Form D
- Form D fund type: Venture Capital Fund Mar 9, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Nov 28, 2018 Fact Form D
- Form D fund type: Venture Capital Fund Nov 28, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 9, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 28, 2018 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 28, 2017 Fact Form D
- Amendment: true Mar 9, 2020 Fact Form D
- Amendment: true Nov 28, 2018 Fact Form D
- Amendment: false Nov 28, 2017 Fact Form D
- Revenue range (Form D): Not Applicable Mar 9, 2020 Fact Form D
- Revenue range (Form D): Not Applicable Nov 28, 2018 Fact Form D
- Revenue range (Form D): Not Applicable Nov 28, 2017 Fact Form D
- Incorporated: withinFiveYears Mar 9, 2020 Fact Form D
- Incorporated: withinFiveYears Nov 28, 2018 Fact Form D
- Incorporated: withinFiveYears Nov 28, 2017 Fact Form D
- Jurisdiction: Delaware Mar 9, 2020 Fact Form D
- Jurisdiction: Delaware Nov 28, 2018 Fact Form D
- Jurisdiction: Delaware Nov 28, 2017 Fact Form D
- Amount sold (Form D): $19.5M Mar 9, 2020 Fact Form D
- Amount sold (Form D): $1.9M Nov 28, 2018 Fact Form D
- Amount sold (Form D): $0 Nov 28, 2017 Fact Form D
- Offering amount (Form D): $19.5M Mar 9, 2020 Fact Form D
- Offering amount (Form D): $50.0M Nov 28, 2018 Fact Form D
- Offering amount (Form D): $50.0M Nov 28, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Mar 9, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Nov 28, 2018 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Nov 28, 2017 Fact Form D
- First sale: 2017-12-31 Mar 9, 2020 Fact Form D
- First sale: 2017-12-31 Nov 28, 2018 Fact Form D
- Investors (Form D): 28 Mar 9, 2020 Fact Form D
- Investors (Form D): 10 Nov 28, 2018 Fact Form D
- Investors (Form D): 0 Nov 28, 2017 Fact Form D
- Minimum investment (Form D): 0 Mar 9, 2020 Fact Form D
- Minimum investment (Form D): 0 Nov 28, 2018 Fact Form D
- Minimum investment (Form D): 0 Nov 28, 2017 Fact Form D
- Securities offered: pooled Mar 9, 2020 Fact Form D
- Securities offered: pooled Nov 28, 2018 Fact Form D
- Securities offered: pooled Nov 28, 2017 Fact Form D
- Office address: Mar 9, 2020 Fact Form D
- Office address: Nov 28, 2018 Fact Form D
- Office address: Nov 28, 2017 Fact Form D
- Year of incorporation: 2017 Mar 9, 2020 Fact Form D
- Year of incorporation: 2017 Nov 28, 2018 Fact Form D
- Year of incorporation: 2017 Nov 28, 2017 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Differential Venture Capital Fund I, 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.
Checking your plan…
Record history
4 dated events on the change ledger, latest event first
- Form D filed2020-03-09source on record
- Form D filed2018-11-28source on record
- Fund first reported on ADV2018-02-21source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.