DFX Intelligence
Unless Ventures LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingEvergreen or indefinite offeringADV: Other Private Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals, 7 additional placement agents, 3 events
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
- $145Msold at the filing
Latest Form D filed on 2 Jan 2026: $145M sold, 64 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
- +178%reported GAV
Reported gross assets rose from $79M to $220M between the Form ADV filings of 3 Jan 2024 and 17 Jul 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
- 4 agentsplacement
4 placement agents named on the vehicle's Form D filings.
A placement agent means the vehicle is marketed to outside LPs.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2022basis: 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
- indefinitewhat may be sold, not what was raised; file 021-434162, sworn by the adviser or filed under this vehicle
- Form D sold
- $145Mas of the filing of Jan 2, 2026, 64 investors
- First sale
- Feb 17, 2022
- Reported GAV
- $220Mon the Form ADV filed Jul 17, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 68
- Reported on ADV
- Mar 7, 2022 to Jul 17, 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.Evergreen or indefinite offering
Form D filed or amended 2026-01-02: offering indefinite, sold $145.0M (fr-1)
evidence dated Jan 2, 2026.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Feb 17, 2022vintage year: 2022adv gav as of: Jul 17, 2026vintage basis: Form d first saleform d sold: $145Mform d offering: n/aform d latest filed at: Jan 2, 2026
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 7, 2022 | Venture Capital Fund | $5.3M | 2 | 1% | yes | ||
| Jan 12, 2023 | Venture Capital Fund | $59.9M | 52 | 1% | yes | ||
| Mar 24, 2023 | Venture Capital Fund | $59.9M | 52 | 1% | yes | ||
| Jan 3, 2024 | Other Private Fund | $79.0M | 58 | 1% | yes | ||
| Jul 17, 2026 | Other Private Fund | $220M | 68 | 1% |
Principals and agents
5 principals on Form D, 4 placement agents
- Trevor Zimmerman Executive Officer/Director
- David Mindell Executive Officer
- Aaron Marsh Executive Officer
- Frontier Solutions, LLC placement agent
- MMX Global Partners LLC placement agent
Show all 6principals, then placement agents
- Trevor Zimmerman Executive Officer/Director
- David Mindell Executive Officer
- Aaron Marsh Executive Officer
- Frontier Solutions, LLC placement agent
- MMX Global Partners LLC placement agent
- Butler Capital Investments D.B.A. Butler Capital Partners placement agent
Service providers
9 named on Form ADV Schedule D and Form D
- AuditorBDO · DENVER, Colorado, United StatesForm ADV filed Jul 17, 2026 reports.adviserinfo.sec.gov
- AdministratorApex Group · EVANSVILLE, Indiana, United StatesForm ADV filed Jul 17, 2026 reports.adviserinfo.sec.gov
- CustodianINTERACTIVE BROKERS LLC · GREENWICH, Connecticut, United StatesForm ADV filed Jul 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
8 events
- Mar 25, 2026Placement Agent changed: BUTLER CAPITAL PARTNERS replaced FRONTIER SOLUTIONS, LLC, MMX Global Partners, LLC, first reported on the Form ADV filed March 25, 2026 (previous filing February 11, 2025)Placement agent changed Fact Form ADV
- Jan 2, 2026Unless Ventures LP filed Form D/A: $145,023,333 sold (indefinite offering), Private Equity FundForm D filed Fact Form D
- Jan 7, 2025Unless Ventures LP filed Form D/A: $90,639,513 sold (indefinite offering), Private Equity FundForm D filed Fact Form D
- Jan 3, 2024Unless Ventures LP filed Form D/A: $90,639,513 sold (indefinite offering), Private Equity FundForm D filed Fact Form D
- Jan 12, 2023Unless Ventures LP filed Form D/A: $58,825,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
96 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 2, 2026 Fact Form D
- Entity type: Limited Partnership Jan 7, 2025 Fact Form D
- Entity type: Limited Partnership Jan 3, 2024 Fact Form D
- Entity type: Limited Partnership Jan 12, 2023 Fact Form D
- Entity type: Limited Partnership Oct 4, 2022 Fact Form D
- Entity type: Limited Partnership Feb 18, 2022 Fact Form D
- Form D fund type: Private Equity Fund Jan 2, 2026 Fact Form D
- Form D fund type: Private Equity Fund Jan 7, 2025 Fact Form D
- Form D fund type: Private Equity Fund Jan 3, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Jan 12, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Oct 4, 2022 Fact Form D
- Form D fund type: Private Equity Fund Feb 18, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 2, 2026 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 7, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 3, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 12, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 4, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 18, 2022 Fact Form D
- Amendment: true Jan 2, 2026 Fact Form D
- Amendment: true Jan 7, 2025 Fact Form D
- Amendment: true Jan 3, 2024 Fact Form D
- Amendment: true Jan 12, 2023 Fact Form D
- Amendment: true Oct 4, 2022 Fact Form D
- Amendment: false Feb 18, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 2, 2026 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 7, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 3, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 12, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 4, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Feb 18, 2022 Fact Form D
- Incorporated: withinFiveYears Jan 2, 2026 Fact Form D
- Incorporated: withinFiveYears Jan 7, 2025 Fact Form D
- Incorporated: withinFiveYears Jan 3, 2024 Fact Form D
- Incorporated: withinFiveYears Jan 12, 2023 Fact Form D
- Incorporated: withinFiveYears Oct 4, 2022 Fact Form D
- Incorporated: withinFiveYears Feb 18, 2022 Fact Form D
- Jurisdiction: Delaware Jan 2, 2026 Fact Form D
- Jurisdiction: Delaware Jan 7, 2025 Fact Form D
- Jurisdiction: Delaware Jan 3, 2024 Fact Form D
- Jurisdiction: Delaware Jan 12, 2023 Fact Form D
- Jurisdiction: Delaware Oct 4, 2022 Fact Form D
- Jurisdiction: Delaware Feb 18, 2022 Fact Form D
- Amount sold (Form D): $145M Jan 2, 2026 Fact Form D
- Amount sold (Form D): $90.6M Jan 7, 2025 Fact Form D
- Amount sold (Form D): $90.6M Jan 3, 2024 Fact Form D
- Amount sold (Form D): $58.8M Jan 12, 2023 Fact Form D
- Amount sold (Form D): $43.3M Oct 4, 2022 Fact Form D
- Amount sold (Form D): $12.8M Feb 18, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jan 2, 2026 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jan 7, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jan 3, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jan 12, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Oct 4, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Feb 18, 2022 Fact Form D
- First sale: 2022-02-17 Jan 2, 2026 Fact Form D
- First sale: 2022-02-17 Jan 7, 2025 Fact Form D
- First sale: 2022-02-17 Jan 3, 2024 Fact Form D
- First sale: 2022-02-17 Jan 12, 2023 Fact Form D
- First sale: 2022-02-17 Oct 4, 2022 Fact Form D
- First sale: 2022-02-17 Feb 18, 2022 Fact Form D
- Indefinite offering: true Jan 2, 2026 Fact Form D
- Indefinite offering: true Jan 7, 2025 Fact Form D
- Indefinite offering: true Jan 3, 2024 Fact Form D
- Indefinite offering: true Jan 12, 2023 Fact Form D
- Indefinite offering: true Oct 4, 2022 Fact Form D
- Indefinite offering: true Feb 18, 2022 Fact Form D
- Investors (Form D): 64 Jan 2, 2026 Fact Form D
- Investors (Form D): 58 Jan 7, 2025 Fact Form D
- Investors (Form D): 59 Jan 3, 2024 Fact Form D
- Investors (Form D): 52 Jan 12, 2023 Fact Form D
- Investors (Form D): 46 Oct 4, 2022 Fact Form D
- Investors (Form D): 2 Feb 18, 2022 Fact Form D
- Minimum investment (Form D): 0 Jan 2, 2026 Fact Form D
- Minimum investment (Form D): 0 Jan 7, 2025 Fact Form D
- Minimum investment (Form D): 0 Jan 3, 2024 Fact Form D
- Minimum investment (Form D): 0 Jan 12, 2023 Fact Form D
- Minimum investment (Form D): 0 Oct 4, 2022 Fact Form D
- Minimum investment (Form D): 0 Feb 18, 2022 Fact Form D
- Securities offered: pooled Jan 2, 2026 Fact Form D
- Securities offered: pooled Jan 7, 2025 Fact Form D
- Securities offered: pooled Jan 3, 2024 Fact Form D
- Securities offered: pooled Jan 12, 2023 Fact Form D
- Securities offered: pooled Oct 4, 2022 Fact Form D
- Securities offered: pooled Feb 18, 2022 Fact Form D
- Office address: Jan 2, 2026 Fact Form D
- Office address: Jan 7, 2025 Fact Form D
- Office address: Jan 3, 2024 Fact Form D
- Office address: Jan 12, 2023 Fact Form D
- Office address: Oct 4, 2022 Fact Form D
- Office address: Feb 18, 2022 Fact Form D
- Year of incorporation: 2021 Jan 2, 2026 Fact Form D
- Year of incorporation: 2021 Jan 7, 2025 Fact Form D
- Year of incorporation: 2021 Jan 3, 2024 Fact Form D
- Year of incorporation: 2021 Jan 12, 2023 Fact Form D
- Year of incorporation: 2021 Oct 4, 2022 Fact Form D
- Year of incorporation: 2021 Feb 18, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Unless Ventures LP is the same institution as 2 records in RIA and Wealth and Private Equity.
RIA and Wealth1Private Equity1
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.
Checking your plan…
Record history
1 identity change, 7 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Form D filed2026-01-02source on record
- Form D filed2025-01-07source on record
+5 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.