DFX Intelligence
HCG Digital Ventures II, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital 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.
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What matters now
- +41%reported GAV
Reported gross assets rose from $13.5M to $19.1M between the Form ADV filings of 27 Mar 2024 and 9 Sep 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
- 2020basis: 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
- $20.0Mwhat may be sold, not what was raised; file 021-404222, sworn by the adviser or filed under this vehicle
- Form D sold
- $4.1Mas of the filing of Jun 24, 2021, 21 investors
- First sale
- Jun 15, 2020
- Reported GAV
- $19.1Mon the Form ADV filed Sep 9, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 51
- Reported on ADV
- Mar 31, 2022 to Sep 9, 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 2021-06-24, older than 15 months (fr-1)
evidence dated Jun 24, 2021.
LifecycleMature
vintage 4 to 7 years
age years: 6first sale: Jun 15, 2020vintage year: 2020adv gav as of: Sep 9, 2026vintage basis: Form d first saleform d sold: $4.1Mform d offering: $20.0Mform d latest filed at: Jun 24, 2021
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $10.2M | 40 | $250,000 | 3% | yes | |
| Jul 21, 2022 | Venture Capital Fund | $10.2M | 40 | $250,000 | 3% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $13.2M | 50 | $250,000 | 7% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $13.5M | 50 | $250,000 | 7% | yes | |
| Sep 9, 2026 | Venture Capital Fund | $19.1M | 51 | $250,000 | 7% |
Principals and agents
3 principals on Form D, 0 placement agents
- Hadi Habal Executive Officer
- Jose N. Penabad Executive Officer
- Gretta N. Heaney Executive Officer
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorDeloitte · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianINSPIRA FINANCIAL TRUST, LLC · OAK BROOK, Illinois, United StatesForm ADV filed Mar 27, 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
- Mar 31, 2022HCG Digital Ventures II, LP first reported on Form ADV by HCG Fund Management LP (Venture Capital Fund), GAV $10,245,000Fund first reported on Form ADV Fact Form ADV
- Jun 24, 2021HCG Digital Ventures II, LP filed Form D: $4,140,000 sold of $20,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
17 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 24, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Jun 24, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 24, 2021 Fact Form D
- Amendment: false Jun 24, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 24, 2021 Fact Form D
- Incorporated: withinFiveYears Jun 24, 2021 Fact Form D
- Jurisdiction: Delaware Jun 24, 2021 Fact Form D
- Amount sold (Form D): $4.1M Jun 24, 2021 Fact Form D
- Offering amount (Form D): $20.0M Jun 24, 2021 Fact Form D
- Exemptions: 06b, 3C.1 Jun 24, 2021 Fact Form D
- First sale: 2020-06-15 Jun 24, 2021 Fact Form D
- Investors (Form D): 21 Jun 24, 2021 Fact Form D
- Minimum investment (Form D): 250,000 Jun 24, 2021 Fact Form D
- Offering other type: Jun 24, 2021 Fact Form D
- Securities offered: pooled Jun 24, 2021 Fact Form D
- Office address: Jun 24, 2021 Fact Form D
- Year of incorporation: 2021 Jun 24, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
HCG Digital Ventures 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 ADV2022-03-31source on record
- Form D filed2021-06-24source 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.