Kindred PAI, L.P.

Fundmanaged by Expa Ec3 Mgmt, LLC· Delaware
Vintage
2024
Form D sold
$12.8M
Reported gross assets
$27.3M
Form ADV, Mar 25, 2026
Newly closedClosed to new capitalADV: Venture Capital Fund
More
As of · the latest observation of this vehicle; each figure below carries its own filing date

Nothing material in the last 365 days. Last change: 19 Nov 2024, Latest Form D filed on 19 Nov 2024: $12.9M sold of $12.9M offered, 4 investors. A Form D amount is what was sold at the filing, never a final close.

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
$12.8Mwhat may be sold, not what was raised; file 021-529890, sworn by the adviser or filed under this vehicle
Form D sold
$12.8Mas of the filing of Nov 19, 2024, 4 investors
First sale
Nov 14, 2024
Reported GAV
$27.3Mon the Form ADV filed Mar 25, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
5
Reported on ADV
unknown

Fundraising evidence

Closed to new capital
Form D filed or amended 2024-11-19: the stated $12.8M offering reported fully sold (fr-1)
evidence dated Nov 19, 2024.

Lifecycle

Newly closed
first sale within 24 months; Form D sold out or quiet
first sale: Nov 14, 2024vintage year: 2024adv gav as of: Mar 25, 2026vintage basis: Form d first saleform d sold: $12.8Mform d offering: $12.8Mform d latest filed at: Nov 19, 2024

The fund's own reporting through time

1 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 25, 2026Venture Capital Fund$27.3M
50%

Principals and agents

2 principals on Form D, 0 placement agents

Service providers

3 named on Form ADV Schedule D and Form D

Limited partners and their reported performance

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

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
  1. Mar 25, 2026
    Kindred Pai, L.P. first reported on Form ADV by Carte Verte Management LLC (Venture Capital Fund), GAV $27,259,871
    Fund first reported on Form ADV Inference Form ADV
  2. Nov 19, 2024
    Kindred PAI, L.P. filed Form D: $12,850,000 sold of $12,850,000, Venture Capital Fund
    Form D filed Fact Form D

Evidence

16 observations
Every observation on this vehicle
  • Entity type: Limited Partnership Nov 19, 2024 Fact Form D
  • Form D fund type: Venture Capital Fund Nov 19, 2024 Fact Form D
  • Form D industry group: Pooled Investment Fund Nov 19, 2024 Fact Form D
  • Amendment: false Nov 19, 2024 Fact Form D
  • Revenue range (Form D): Not Applicable Nov 19, 2024 Fact Form D
  • Incorporated: withinFiveYears Nov 19, 2024 Fact Form D
  • Jurisdiction: Delaware Nov 19, 2024 Fact Form D
  • Amount sold (Form D): $12.8M Nov 19, 2024 Fact Form D
  • Offering amount (Form D): $12.8M Nov 19, 2024 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Nov 19, 2024 Fact Form D
  • First sale: 2024-11-14 Nov 19, 2024 Fact Form D
  • Investors (Form D): 4 Nov 19, 2024 Fact Form D
  • Minimum investment (Form D): 0 Nov 19, 2024 Fact Form D
  • Securities offered: pooled Nov 19, 2024 Fact Form D
  • Office address: Nov 19, 2024 Fact Form D
  • Year of incorporation: 2024 Nov 19, 2024 Fact Form D

Relationships across DFX

on 1 other DFX graph
Across the graphs

Kindred PAI, L.P. 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.

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Record history

2 dated events on the change ledger, latest event first
  • Fund first reported on ADV
    2026-03-25source on record
  • Form D filed
    2024-11-19source 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.