DFX Intelligence
Cleveland Avenue Food and Beverage Fund II, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -27%reported GAV
Reported gross assets fell from $442M to $321M between the Form ADV filings of 30 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
- 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
- $500Mwhat may be sold, not what was raised; file 021-377571, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Oct 9, 2020
- First sale
- unknown
- Reported GAV
- $321Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 10
- Reported on ADV
- May 26, 2022 to Mar 31, 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.
Unknown
latest Form D 2020-10-09, older than 15 months (fr-1)
evidence dated Oct 9, 2020.
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 31, 2026vintage basis: n/aform d sold: $0form d offering: $500Mform d latest filed at: Oct 9, 2020
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| May 26, 2022 | Venture Capital Fund | $533M | 7 | $5.0M | 2% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $500M | 7 | $5.0M | 2% | yes | |
| Mar 30, 2024 | Venture Capital Fund | $442M | 10 | $5.0M | 2% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $321M | 10 | $5.0M | 2% |
Principals and agents
2 principals on Form D, 0 placement agents
- a Delaware limited liability company Cleveland Avenue GP II, LLC Executive Officer
- Donald Thompson Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorRSM · CHICAGO, Illinois, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorMG STOVER & CO. · DENVER, Colorado, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBMO HARRIS BANK · NAPERVILLE, Illinois, United StatesForm ADV filed Mar 31, 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
- May 26, 2022Cleveland Avenue Food and Beverage Fund II, LP first reported on Form ADV by Cleveland Avenue Advisers, LLC (Venture Capital Fund), GAV $532,883,750Fund first reported on Form ADV Fact Form ADV
- Oct 9, 2020Cleveland Avenue Food & Beverage Fund II, LP filed Form D: no sales yet of $500,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 9, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Oct 9, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 9, 2020 Fact Form D
- Amendment: false Oct 9, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 9, 2020 Fact Form D
- Incorporated: withinFiveYears Oct 9, 2020 Fact Form D
- Jurisdiction: Delaware Oct 9, 2020 Fact Form D
- Amount sold (Form D): $0 Oct 9, 2020 Fact Form D
- Offering amount (Form D): $500M Oct 9, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Oct 9, 2020 Fact Form D
- Investors (Form D): 0 Oct 9, 2020 Fact Form D
- Minimum investment (Form D): 0 Oct 9, 2020 Fact Form D
- Securities offered: pooled Oct 9, 2020 Fact Form D
- Office address: Oct 9, 2020 Fact Form D
- Year of incorporation: 2020 Oct 9, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Cleveland Avenue Food and Beverage Fund II, 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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-05-26source on record
- Form D filed2020-10-09source 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.