DFX Intelligence
Healthquest Madison Spv, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital FundSingle-purpose vehicle
A single-purpose vehicle, usually formed for one deal.
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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Nothing material in the last 365 days. Last change: 3 Jun 2021, Latest Form D filed on 3 Jun 2021: $50M sold of $50M offered, 34 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
- 2021basis: 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
- $50.0Mwhat may be sold, not what was raised; file 021-401615, sworn by the adviser or filed under this vehicle
- Form D sold
- $50.0Mas of the filing of Jun 3, 2021, 34 investors
- First sale
- May 21, 2021
- Reported GAV
- $57.5Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 35
- Reported on ADV
- Mar 28, 2022 to Mar 30, 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.Closed to new capital
Form D filed or amended 2021-06-03: the stated $50.0M offering reported fully sold (fr-1)
evidence dated Jun 3, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: May 21, 2021vintage year: 2021adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $50.0Mform d offering: $50.0Mform d latest filed at: Jun 3, 2021
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 28, 2022 | Venture Capital Fund | $50.0M | 35 | 0% | yes | ||
| Mar 21, 2023 | Venture Capital Fund | $55.1M | 35 | 0% | yes | ||
| Jun 26, 2023 | Venture Capital Fund | $51.9M | 35 | 0% | yes | ||
| Jul 20, 2023 | Venture Capital Fund | $51.9M | 35 | 0% | yes | ||
| Mar 25, 2024 | Venture Capital Fund | $52.9M | 35 | 0% | yes | ||
| Mar 30, 2026 | Venture Capital Fund | $57.5M | 35 | 0% |
Principals and agents
1 principal on Form D, 0 placement agents
- Garheng Kong Executive Officer
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorBDO · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorHC GLOBAL FUND SERVICES, LLC · WALNUT CREEK, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorMWY FUND SERVICES, LLC · REDWOOD CITY, California, United StatesForm ADV filed Mar 30, 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.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Peierls Foundation | FOUNDATION | $649,338 fair value on the foundation's return | reported as of Oct 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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 28, 2022Healthquest Madison Spv, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $50,046,627Fund first reported on Form ADV Fact Form ADV
- Jun 3, 2021HealthQuest Madison SPV, L.P. filed Form D: $50,000,000 sold of $50,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 3, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Jun 3, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 3, 2021 Fact Form D
- Amendment: false Jun 3, 2021 Fact Form D
- Revenue range (Form D): Not Applicable Jun 3, 2021 Fact Form D
- Incorporated: withinFiveYears Jun 3, 2021 Fact Form D
- Jurisdiction: Delaware Jun 3, 2021 Fact Form D
- Amount sold (Form D): $50.0M Jun 3, 2021 Fact Form D
- Offering amount (Form D): $50.0M Jun 3, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 3, 2021 Fact Form D
- First sale: 2021-05-21 Jun 3, 2021 Fact Form D
- Investors (Form D): 34 Jun 3, 2021 Fact Form D
- Minimum investment (Form D): 0 Jun 3, 2021 Fact Form D
- Securities offered: pooled Jun 3, 2021 Fact Form D
- Office address: Jun 3, 2021 Fact Form D
- Year of incorporation: 2021 Jun 3, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Healthquest Madison Spv, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA 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 ADV2022-03-28source on record
- Form D filed2021-06-03source 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.