DFX Intelligence
Ethereal Ventures Fund I L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Private Equity Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal, 3 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -24%reported GAV
Reported gross assets fell from $121M to $92.3M between the Form ADV filings of 23 Aug 2024 and 23 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
- unknownno dated first sale or first report yet
- 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
- $75.0Mwhat may be sold, not what was raised; file 021-398997, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of May 11, 2021
- First sale
- unknown
- Reported GAV
- $92.3Mon the Form ADV filed Mar 23, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 148
- Reported on ADV
- Jul 28, 2022 to Mar 23, 2026
- Structure
- master
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.
Unknown
latest Form D 2021-05-11, older than 15 months (fr-1)
evidence dated May 11, 2021.
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 23, 2026vintage basis: n/aform d sold: $0form d offering: $75.0Mform d latest filed at: May 11, 2021
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jul 28, 2022 | Venture Capital Fund | $98.3M | 140 | $20,000 | 3% | yes | |
| Mar 30, 2023 | Private Equity Fund | $115M | 62 | $20,000 | 17% | yes | |
| Mar 28, 2024 | Private Equity Fund | $121M | 64 | $20,000 | 17% | yes | |
| Aug 23, 2024 | Private Equity Fund | $121M | 64 | $20,000 | 17% | yes | |
| Mar 23, 2026 | Private Equity Fund | $92.3M | 148 | $100,000 | 18% |
Principals and agents
4 principals on Form D, 0 placement agents
- Ethereal Ventures I GP Ltd Promoter
- HUI Min Teo Director
- Ethereal Ventures Management Ltd. Promoter
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorRICHEY, MAY & CO., LLP · ENGLEWOOD, Colorado, United StatesForm ADV filed Mar 23, 2026 reports.adviserinfo.sec.gov
- AdministratorMG STOVER & CO. · DENVER, Colorado, United StatesForm ADV filed Mar 23, 2026 reports.adviserinfo.sec.gov
- CustodianBITGO TRUST COMPANY, INC. · SIOUX FALLS, South Dakota, United StatesForm ADV filed Mar 23, 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
2 events
- Jul 28, 2022Ethereal Ventures Fund I L.P. first reported on Form ADV by Ethereal Ventures Management Ltd. (Venture Capital Fund), GAV $98,264,000Fund first reported on Form ADV Fact Form ADV
- May 11, 2021Ethereal Ventures Fund I L.P. filed Form D: no sales yet of $75,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 11, 2021 Fact Form D
- Form D fund type: Venture Capital Fund May 11, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund May 11, 2021 Fact Form D
- Amendment: false May 11, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose May 11, 2021 Fact Form D
- Incorporated: withinFiveYears May 11, 2021 Fact Form D
- Jurisdiction: VIRGIN ISLANDS, BRITISH May 11, 2021 Fact Form D
- Amount sold (Form D): $0 May 11, 2021 Fact Form D
- Offering amount (Form D): $75.0M May 11, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 May 11, 2021 Fact Form D
- Investors (Form D): 0 May 11, 2021 Fact Form D
- Minimum investment (Form D): 0 May 11, 2021 Fact Form D
- Securities offered: pooled May 11, 2021 Fact Form D
- Office address: May 11, 2021 Fact Form D
- Year of incorporation: 2021 May 11, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Ethereal Ventures Fund I L.P. is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-07-28source on record
- Form D filed2021-05-11source 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.