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Funds / S••• V••••••• I• L•••

S••• V••••••• I• L•••

FundraisingActive offering evidenceFundADV: Venture Capital Fundmanager not yet resolvedDelaware
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
$35.0Mwhat may be sold, not what was raised; file 021-560384, 802-135120, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of Oct 9, 2025
First sale
unknown
Reported GAV
unknown
Owners (ADV)
unknown
Reported on ADV
unknown
Fundraising evidence
Active offering evidence
Form D filed or amended 2025-10-09: sold $0 of a stated $35.0M offering (fr-1)
evidence dated Oct 9, 2025. A 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.
Lifecycle
Fundraising
Form D within 18 months and the offering is not sold out
first sale: n/avintage year: n/aadv gav as of: n/avintage basis: n/aform d sold usd: 0form d offering usd: $35.0Mform d latest filed at: 2025-10-09
The fund's own reporting through time
0 Form ADV filings
No Form ADV reporting row: this vehicle is known from Form D only.
Principals and agents
2 principals on Form D, 0 placement agents
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.
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. Dec 8, 2025
    Spar Ventures Management, LLC appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)
    First SEC adviser filing Fact SEC Form ADV monthly roster (registered + exempt reporting advisers)
  2. Oct 9, 2025
    S••• V••••••• I• L••• filed Form D: no sales yet of $35,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
27 observations
Every observation on this vehicle