DFX Intelligence
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Funds / B•••••• 4• L•
B•••••• 4• L•
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 021-438656, sworn by the adviser or filed under this vehicle
- Form D sold
- $351Mas of the filing of Feb 22, 2023, 41 investors
- First sale
- Mar 23, 2022
- Reported GAV
- $398Mon the Form ADV filed Sep 3, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 45
- Reported on ADV
- Mar 28, 2022 to Sep 3, 2024
Fundraising evidence
Unknown
latest Form D 2023-02-22, older than 15 months (fr-1)
evidence dated Feb 22, 2023. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: 2022-03-23vintage year: $2,022adv gav as of: 2024-09-03vintage basis: form_d_first_saleform d sold usd: $351Mform d offering usd: n/aform d latest filed at: 2023-02-22
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 | $188M | 25 | $250,000 | 0% | yes | |
| Sep 26, 2022 | Venture Capital Fund | $188M | 25 | $250,000 | 0% | yes | |
| Feb 22, 2023 | Venture Capital Fund | $351M | 246 | $250,000 | 9% | yes | |
| Apr 3, 2023 | Venture Capital Fund | $350M | 248 | $250,000 | 8% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $398M | 45 | $250,000 | 8% | yes | |
| Sep 3, 2024 | Venture Capital Fund | $398M | 45 | $250,000 | 8% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- G••••••• L•••• T••••••••• Executive Officer
- E••• L•••• S•••••••• Executive Officer
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
3 events
- Feb 22, 2023B•••••• 4• L• filed Form D/A: $350,800,000 sold (indefinite offering), Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 28, 2022B•••••• 4• L• first reported on Form ADV by B•••••• F••• M••••••••• L•• (Venture Capital Fund), GAV $188,000,000Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 23, 2022B•••••• 4• L• filed Form D: no sales yet of $650,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $351M Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $650M Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06c, 3C, 3C.7 Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2022-03-23 Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 41 Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: ••• Locked Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: ••• Locked Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Feb 22, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Mar 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)