DFX Intelligence
Blackhorn Select, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal
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
- -82%reported GAV
Reported gross assets fell from $29.4M to $5.24M between the Form ADV filings of 28 Mar 2024 and 7 Aug 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
- $80.0Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the filing's signer sitting on the adviser's roster, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.85); file 021-392081
- Form D sold
- $0as of the filing of Mar 12, 2021
- First sale
- unknown
- Reported GAV
- $5.2Mon the Form ADV filed Aug 7, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 28
- Reported on ADV
- Mar 24, 2020 to Aug 7, 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.Unknown
latest Form D 2021-03-12, older than 15 months (fr-1)
evidence dated Mar 12, 2021.
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Aug 7, 2026vintage basis: n/aform d sold: $0form d offering: $80.0Mform d latest filed at: Mar 12, 2021
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 24, 2020 | Venture Capital Fund | $10.0M | 1 | $50,000 | 0% | yes | |
| Mar 31, 2021 | Venture Capital Fund | $20.0M | 1 | $50,000 | 0% | yes | |
| Apr 4, 2022 | Venture Capital Fund | $59.4M | 28 | $50,000 | 0% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $56.2M | 28 | $50,000 | 0% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $29.4M | 28 | $50,000 | 0% | yes | |
| Aug 7, 2026 | Venture Capital Fund | $5.2M | 28 | $50,000 | 0% |
Principals and agents
4 principals on Form D, 0 placement agents
- Melissa Cheong Executive Officer
- Management, LLC Blackhorn Ventures Select Promoter
- Philip O'Connor Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN FRANCISCO, California, United StatesForm ADV filed Aug 7, 2026 reports.adviserinfo.sec.gov
- AdministratorPETRA FUNDS GROUP, LLC · NEW YORK, New York, United StatesForm ADV filed Aug 7, 2026 reports.adviserinfo.sec.gov
- CustodianUMB FINANCIAL SERVICES, INC. · KANSAS CITY, Missouri, United StatesForm ADV filed Aug 7, 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
5 events
- Mar 31, 2025Administrator changed: PETRA FUNDS GROUP, LLC replaced Carta, first reported on the Form ADV filed March 31, 2025 (previous filing March 28, 2024)Administrator changed Fact Form ADV
- Mar 31, 2025Custodian changed: UMB FINANCIAL SERVICES, INC. replaced First Republic Bank, first reported on the Form ADV filed March 31, 2025 (previous filing March 28, 2024)Custodian changed Fact Form ADV
- Apr 4, 2022Administrator changed: Carta replaced CORNERSTONE FUND SERVICES, first reported on the Form ADV filed April 4, 2022 (previous filing March 31, 2021)Administrator changed Fact Form ADV
- Mar 12, 2021Blackhorn Select, LP filed Form D: no sales yet of $80,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 24, 2020Blackhorn Select, LP first reported on Form ADV by Blackhorn Ventures Capital Management, LLC (Venture Capital Fund), GAV $10,000,000Fund first reported on Form ADV Fact Form ADV
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 12, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Mar 12, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 12, 2021 Fact Form D
- Amendment: false Mar 12, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 12, 2021 Fact Form D
- Incorporated: withinFiveYears Mar 12, 2021 Fact Form D
- Jurisdiction: Delaware Mar 12, 2021 Fact Form D
- Amount sold (Form D): $0 Mar 12, 2021 Fact Form D
- Offering amount (Form D): $80.0M Mar 12, 2021 Fact Form D
- Exemptions: 06b Mar 12, 2021 Fact Form D
- Investors (Form D): 0 Mar 12, 2021 Fact Form D
- Minimum investment (Form D): 0 Mar 12, 2021 Fact Form D
- Securities offered: pooled Mar 12, 2021 Fact Form D
- Office address: Mar 12, 2021 Fact Form D
- Year of incorporation: 2020 Mar 12, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Blackhorn Select, 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
- Form D filed2021-03-12source on record
- Fund first reported on ADV2020-03-24source 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.