DFX Intelligence
Proof of Capital, 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, 1 additional placement agent
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
- +151%reported GAV
Reported gross assets rose from $94.1M to $236M between the Form ADV filings of 24 Sep 2024 and 27 Mar 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
- indefinitewhat may be sold, not what was raised; file 021-335159, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Mar 19, 2019
- First sale
- unknown
- Reported GAV
- $236Mon the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 43
- Reported on ADV
- Jan 3, 2023 to Mar 27, 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 2019-03-19, older than 15 months (fr-1)
evidence dated Mar 19, 2019.
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 27, 2026vintage basis: n/aform d sold: $0form d offering: n/aform d latest filed at: Mar 19, 2019
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2020 | Venture Capital Fund | $16.9M | 5 | $100,000 | 1% | no | |
| Mar 31, 2021 | Venture Capital Fund | $28.5M | 9 | $100,000 | 1% | no | |
| Mar 21, 2022 | Venture Capital Fund | $150M | 39 | $100,000 | 12% | no | |
| Jan 3, 2023 | Venture Capital Fund | $121M | 39 | $100,000 | 12% | yes | |
| Jan 10, 2023 | Venture Capital Fund | $150M | 39 | $100,000 | 12% | no | |
| Feb 13, 2024 | Venture Capital Fund | $94.1M | 39 | $100,000 | 13% | yes | |
| Sep 24, 2024 | Venture Capital Fund | $94.1M | 39 | $100,000 | 13% | yes | |
| Mar 27, 2026 | Venture Capital Fund | $236M | 43 | $100,000 | 13% |
Principals and agents
4 principals on Form D, 0 placement agents
- PU San Yeung Executive Officer/Director
- Philemon Chen Executive Officer
- Proof of Capital, L.L.C. Executive Officer/Director/Promoter
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorSENSIBA SAN FILIPPO LLP · PLEASANTON, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianCITIZENS FINANCIAL GROUP, INC. · MENLO PARK, California, United StatesForm ADV filed Mar 27, 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
3 events
- Mar 27, 2026Administrator changed: Standish Management replaced KRANTZ CONSULTING, first reported on the Form ADV filed March 27, 2026 (previous filing March 27, 2025)Administrator changed Fact Form ADV
- Mar 31, 2020Proof of Capital, LP first reported on Form ADV by Proof of Capital (Venture Capital Fund), GAV $16,946,806Fund first reported on Form ADV Fact Form ADV
- Mar 19, 2019Proof of Capital, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
30 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact Form D
- Entity type: Limited Partnership Mar 19, 2019 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Mar 19, 2019 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Mar 19, 2019 Fact Form D
- Amendment: false Fact Form D
- Amendment: false Mar 19, 2019 Fact Form D
- Revenue range (Form D): Decline to Disclose Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 19, 2019 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Mar 19, 2019 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Fact Form D
- Jurisdiction: CAYMAN ISLANDS Mar 19, 2019 Fact Form D
- Amount sold (Form D): $0 Fact Form D
- Amount sold (Form D): $0 Mar 19, 2019 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Mar 19, 2019 Fact Form D
- Indefinite offering: true Fact Form D
- Indefinite offering: true Mar 19, 2019 Fact Form D
- Investors (Form D): 0 Fact Form D
- Investors (Form D): 0 Mar 19, 2019 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Mar 19, 2019 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Mar 19, 2019 Fact Form D
- Office address: Fact Form D
- Office address: Mar 19, 2019 Fact Form D
- Year of incorporation: 2018 Fact Form D
- Year of incorporation: 2018 Mar 19, 2019 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Proof of Capital, 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
3 identity changes, 2 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Event retracted2026-10-01
- Event retracted2026-10-01
+2 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.