DFX Intelligence
Lightspeed Faction Fund I, LP
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 placement agent
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
- +337%reported GAV
Reported gross assets rose from $81.5M to $356M between the Form ADV filings of 18 Mar 2024 and 17 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
- indefinitewhat may be sold, not what was raised; file 021-450971, 021-450963; 1 joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the adviser itself named on the filing, the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn
- Form D sold
- $0as of the filing of Jul 1, 2022
- First sale
- unknown
- Reported GAV
- $356Mon the Form ADV filed Mar 17, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 100
- Reported on ADV
- Aug 29, 2022 to Mar 17, 2026
- Structure
- master
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.Unknown
latest Form D 2022-07-01, older than 15 months (fr-1)
evidence dated Jul 1, 2022.
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 17, 2026vintage basis: n/aform d sold: $0form d offering: n/aform d latest filed at: Jul 1, 2022
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Aug 29, 2022 | Venture Capital Fund | $177M | 55 | $1.0M | 2% | yes | |
| Mar 20, 2023 | Venture Capital Fund | $265M | 90 | $1.0M | 4% | yes | |
| Apr 25, 2023 | Venture Capital Fund | $265M | 90 | $1.0M | 4% | yes | |
| Mar 18, 2024 | Venture Capital Fund | $81.5M | 100 | $1.0M | 4% | yes | |
| Mar 17, 2026 | Private Equity Fund | $356M | 100 | $1.0M | 4% |
Principals and agents
3 principals on Form D, 0 placement agents
- Samuel Harrison Director/Promoter
- Banafsheh Fathieh Director/Promoter
- Lightspeed Faction Fund I GP, LLC Promoter
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorWithumSmith+Brown · PRINCETON, New Jersey, United StatesForm ADV filed Mar 17, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · PRINCETON, New Jersey, United StatesForm ADV filed Mar 17, 2026 reports.adviserinfo.sec.gov
- CustodianANCHORAGE DIGITAL BANK N.A. · SIOUX FALLS, South Dakota, United StatesForm ADV filed Mar 17, 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.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
- Aug 29, 2022Lightspeed Faction Fund I, LP first reported on Form ADV by Faction Ventures, LLC (Venture Capital Fund), GAV $177,350,000Fund first reported on Form ADV Fact Form ADV
- Jul 1, 2022Lightspeed Faction Fund I, LP filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Other Jul 1, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jul 1, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 1, 2022 Fact Form D
- Amendment: false Jul 1, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 1, 2022 Fact Form D
- Incorporated: withinFiveYears Jul 1, 2022 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Jul 1, 2022 Fact Form D
- Amount sold (Form D): $0 Jul 1, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jul 1, 2022 Fact Form D
- Indefinite offering: true Jul 1, 2022 Fact Form D
- Investors (Form D): 0 Jul 1, 2022 Fact Form D
- Minimum investment (Form D): 0 Jul 1, 2022 Fact Form D
- Securities offered: pooled Jul 1, 2022 Fact Form D
- Office address: Jul 1, 2022 Fact Form D
- Year of incorporation: 2022 Jul 1, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Lightspeed Faction Fund I, LP 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 ADV2022-08-29source on record
- Form D filed2022-07-01source 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.