DFX Intelligence
Tech Council Ventures Iii-Ai LP
Fundmanaged by Tech Council Ventures LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
Nothing material in the last 365 days. Last change: 27 Aug 2024, Latest Form D filed on 27 Aug 2024: $598K sold of $75M offered, 20 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
- 2023basis: 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
- $75.0Mwhat 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 issuer filing from the adviser's state, not sworn by the adviser (confidence 0.85); file 021-522478
- Form D sold
- $597,500as of the filing of Aug 27, 2024, 20 investors
- First sale
- Dec 29, 2023
- Reported GAV
- $7.5Mon the Form ADV filed Jun 18, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 25
- Reported on ADV
- Jun 18, 2024 to Jun 18, 2024
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 2024-08-27, older than 15 months (fr-1)
evidence dated Aug 27, 2024.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 3first sale: Dec 29, 2023vintage year: 2023adv gav as of: Jun 18, 2024vintage basis: Form d first saleform d sold: $597,500form d offering: $75.0Mform d latest filed at: Aug 27, 2024
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 18, 2024 | Venture Capital Fund | $7.5M | 25 | $200,000 | 3% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- James T Gunton Executive Officer
- Stephen T. Socolof Executive Officer
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorEisnerAmper · NEW YORK, New York, United StatesForm ADV filed Jun 18, 2024 sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Jun 18, 2024 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
2 events
- Aug 27, 2024Tech Council Ventures III-AI LP filed Form D: $597,500 sold of $75,000,000, Other Investment FundForm D filed Fact Form D
- Jun 18, 2024Tech Council Ventures Iii-Ai LP first reported on Form ADV by Tech Council Ventures LLC (Venture Capital Fund), GAV $7,500,000Fund first reported on Form ADV Fact Form ADV
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Aug 27, 2024 Fact Form D
- Form D fund type: Other Investment Fund Aug 27, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 27, 2024 Fact Form D
- Amendment: false Aug 27, 2024 Fact Form D
- Incorporated: withinFiveYears Aug 27, 2024 Fact Form D
- Jurisdiction: Delaware Aug 27, 2024 Fact Form D
- Amount sold (Form D): $597,500 Aug 27, 2024 Fact Form D
- Offering amount (Form D): $75.0M Aug 27, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Aug 27, 2024 Fact Form D
- First sale: 2023-12-29 Aug 27, 2024 Fact Form D
- Investors (Form D): 20 Aug 27, 2024 Fact Form D
- Minimum investment (Form D): 0 Aug 27, 2024 Fact Form D
- Securities offered: pooled Aug 27, 2024 Fact Form D
- Office address: Aug 27, 2024 Fact Form D
- Year of incorporation: 2022 Aug 27, 2024 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Tech Council Ventures Iii-Ai 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
1 dated event on the change ledger, latest event first
- Form D filed2024-08-27source 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.