DFX Intelligence
Felicis Focus Fund I, L.P.
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, 2 additional LP reports and investments
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
- +108%reported GAV
Reported gross assets rose from $307M to $638M between the Form ADV filings of 11 Dec 2024 and 30 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
- 2021basis: 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
- $300Mwhat may be sold, not what was raised; file 021-410824, sworn by the adviser or filed under this vehicle
- Form D sold
- $300Mas of the filing of Aug 20, 2021, 92 investors
- First sale
- Aug 6, 2021
- Reported GAV
- $638Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 93
- Reported on ADV
- Mar 30, 2022 to Mar 30, 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 2021-08-20: the stated $300.0M offering reported fully sold (fr-1)
evidence dated Aug 20, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Aug 6, 2021vintage year: 2021adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $300Mform d offering: $300Mform d latest filed at: Aug 20, 2021
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Venture Capital Fund | $303M | 93 | $206,667 | 1% | yes | |
| Aug 4, 2022 | Venture Capital Fund | $303M | 93 | $206,667 | 1% | yes | |
| Sep 29, 2022 | Venture Capital Fund | $303M | 93 | $206,667 | 1% | yes | |
| Mar 23, 2023 | Venture Capital Fund | $299M | 93 | $206,667 | 1% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $307M | 93 | $206,667 | 1% | yes | |
| Dec 11, 2024 | Venture Capital Fund | $307M | 93 | $206,667 | 1% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $638M | 93 | $206,667 | 1% |
Principals and agents
4 principals on Form D, 0 placement agents
- Sundeep Peechu Executive Officer
- Niki Pezeshki Executive Officer
- Aydin Senkut Executive Officer
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorKPMG · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · LOS ANGELES, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 30, 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.5 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Hess Philanthropic Fund | FOUNDATION | $1.1M fair value on the foundation's return | reported as of Nov 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| John and Mary R Markle Foundation | FOUNDATION | $363,945 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Peter G Peterson Foundation | FOUNDATION | $2.2M fair value on the foundation's return | reported as of Mar 31, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
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 25, 2025Custodian changed: First Citizens Bank replaced RAYMOND JAMES & ASSOCIATES, INC., Western Alliance / Bridge Bank, first reported on the Form ADV filed March 25, 2025 (previous filing December 11, 2024)Custodian changed Fact Form ADV
- Mar 30, 2022Felicis Focus Fund I, L.P. first reported on Form ADV by Felicis Ventures (Venture Capital Fund), GAV $302,734,434Fund first reported on Form ADV Fact Form ADV
- Aug 20, 2021Felicis Focus Fund I, L.P. filed Form D: $300,000,000 sold of $300,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Aug 20, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Aug 20, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 20, 2021 Fact Form D
- Amendment: false Aug 20, 2021 Fact Form D
- Revenue range (Form D): Not Applicable Aug 20, 2021 Fact Form D
- Incorporated: withinFiveYears Aug 20, 2021 Fact Form D
- Jurisdiction: Delaware Aug 20, 2021 Fact Form D
- Amount sold (Form D): $300M Aug 20, 2021 Fact Form D
- Offering amount (Form D): $300M Aug 20, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Aug 20, 2021 Fact Form D
- First sale: 2021-08-06 Aug 20, 2021 Fact Form D
- Investors (Form D): 92 Aug 20, 2021 Fact Form D
- Minimum investment (Form D): 0 Aug 20, 2021 Fact Form D
- Securities offered: pooled Aug 20, 2021 Fact Form D
- Office address: Aug 20, 2021 Fact Form D
- Year of incorporation: 2021 Aug 20, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Felicis Focus Fund I, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA 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.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-30source on record
- Form D filed2021-08-20source 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.