DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Highbar Partners II, L.P.
Highbar Partners II, L.P.
Amounts, each with its basis
- Vintage
- 2012basis: 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
- $129Mwhat may be sold, not what was raised; file 021-185021, sworn by the adviser or filed under this vehicle
- Form D sold
- $129Mas of the filing of Jun 26, 2013, 18 investors
- First sale
- Sep 19, 2012
- Reported GAV
- $3.8Mon the Form ADV filed May 14, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 14
- Reported on ADV
- Feb 25, 2013 to May 14, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2013-06-26: the stated $129.0M offering reported fully sold (fr-1)
evidence dated Jun 26, 2013. 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
Harvest
vintage over 7 years, still reported
age years: 14first sale: 2012-09-19vintage year: $2,012adv gav as of: 2024-05-14vintage basis: form_d_first_saleform d sold usd: $129Mform d offering usd: $129Mform d latest filed at: 2013-06-26
The fund's own reporting through time
18 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 25, 2013 | Venture Capital Fund | $90.0M | 15 | 1% | yes | ||
| Mar 31, 2014 | Venture Capital Fund | $90.0M | 15 | 1% | yes | ||
| Mar 20, 2015 | Venture Capital Fund | $130M | 16 | 1% | yes | ||
| Mar 30, 2016 | Venture Capital Fund | $130M | 16 | 1% | yes | ||
| Mar 29, 2017 | Venture Capital Fund | $130M | 16 | 1% | yes | ||
| Oct 30, 2017 | Venture Capital Fund | $130M | 16 | 1% | yes | ||
| Mar 7, 2018 | Venture Capital Fund | $162M | 18 | 1% | yes | ||
| Apr 10, 2019 | Venture Capital Fund | $110M | 18 | 1% | yes | ||
| Jan 8, 2020 | Venture Capital Fund | $77.1M | 18 | 1% | yes | ||
| Mar 29, 2021 | Venture Capital Fund | $33.8M | 18 | 1% | yes | ||
| Mar 31, 2022 | Private Equity Fund | $16.1M | 14 | 1% | yes | ||
| Jun 15, 2022 | Private Equity Fund | $16.1M | 14 | 1% | yes | ||
| Jun 15, 2022 | Private Equity Fund | $16.1M | 14 | 1% | yes | ||
| Mar 31, 2023 | Private Equity Fund | $13.5M | 14 | 1% | yes | ||
| Apr 28, 2023 | Private Equity Fund | $13.5M | 14 | 1% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $3.8M | 14 | 1% | yes | ||
| May 14, 2024 | Venture Capital Fund | $3.8M | 14 | 1% | yes | ||
| May 14, 2024 | Venture Capital Fund | $3.8M | 14 | 1% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- John H Kim Executive Officer
- ROY H Thiele-Sardina Executive Officer
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| San Diego City Employees' Retirement System content.sdcers.gov | 2009 | $15.0M | $15.0M | $6.0M | $0 | -17.9% | 0.4x | Mar 31, 2026 |
Each 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).
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
4 events
- Mar 31, 2026SDCERS reports HighBAR Partners II, L.P.: $15,000,000 committed, vintage 2009, net IRR -17.9%, 0.4xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 26, 2013HighBAR Partners II, L.P. filed Form D/A: $129,000,000 sold of $129,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Feb 25, 2013Highbar Partners II, L.P. first reported on Form ADV by Highbar Partners (Venture Capital Fund), GAV $90,000,000Fund 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)
- Oct 4, 2012HighBAR Partners II, L.P. filed Form D: $16,000,000 sold of $100,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $129M Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $16.0M Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $129M Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $100M Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06, 3C, 3C.7 Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06, 3C, 3C.7 Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2012-09-19 Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2012-09-19 Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 18 Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 2 Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 3150 PORTER DRIVE, PALO ALTO, CA, 94304 Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 3150 PORTER DRIVE, PALO ALTO, CA, 94304 Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2012 Jun 26, 2013 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2012 Oct 4, 2012 Fact SEC EDGAR Form D data sets (quarterly)