DFX Intelligence
Mercury Fund Affiliates V, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital FundFeeder or parallel vehicle
A feeder, parallel or offshore vehicle of a main fund; its assets may overlap the main fund's.
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +220%reported GAV
Reported gross assets rose from $6.51M to $20.8M between the Form ADV filings of 11 Mar 2024 and 16 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
- 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
- $150Mwhat may be sold, not what was raised; file 021-433695, sworn by the adviser or filed under this vehicle
- Form D sold
- $128Mas of the filing of Mar 10, 2023, 87 investors
- First sale
- Feb 16, 2022
- Reported GAV
- $20.8Mon the Form ADV filed Mar 16, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 92
- Reported on ADV
- Mar 23, 2023 to Mar 16, 2026
Fundraising evidenceWhat 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 2023-03-10, older than 15 months (fr-1)
evidence dated Mar 10, 2023.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: Feb 16, 2022vintage year: 2022adv gav as of: Mar 16, 2026vintage basis: Form d first saleform d sold: $128Mform d offering: $150Mform d latest filed at: Mar 10, 2023
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 23, 2023 | Venture Capital Fund | $2.9M | 88 | 1% | no | ||
| Mar 11, 2024 | Venture Capital Fund | $6.5M | 93 | 2% | no | ||
| Mar 16, 2026 | Venture Capital Fund | $20.8M | 92 | $5,000 | 2% |
Principals and agents
3 principals on Form D, 2 placement agents
- M. Blair Garrou Executive Officer
- Adrian M.C. Fortino Executive Officer
- Aziz a. Gilani Executive Officer
- Entoro Securities, LLC placement agent
- Bradley Woods & Co. Ltd. placement agent
Service providers
3 named on Form ADV Schedule D and Form D
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 16, 2026 reports.adviserinfo.sec.gov
- Placement agentBradley Woods & Co. LTDForm D filed Feb 15, 2022 sec.gov
- Placement agentENTORO SECURITIES, LLCForm D filed Feb 15, 2022 sec.gov
Limited partners and their reported performanceWhose 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 allocatorsWhat 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 23, 2023Mercury Fund Affiliates V, LP first reported on Form ADV by Mercury Fund (Venture Capital Fund), GAV $2,934,988Fund first reported on Form ADV Fact Form ADV
- Mar 10, 2023Mercury Fund Affiliates V, L.P. filed Form D/A: $127,869,618 sold of $150,000,000, Venture Capital FundForm D filed Fact Form D
- Feb 15, 2022Mercury Fund Affiliates V, L.P. filed Form D: no sales yet of $150,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 10, 2023 Fact Form D
- Entity type: Limited Partnership Feb 15, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Mar 10, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Feb 15, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 10, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 15, 2022 Fact Form D
- Amendment: true Mar 10, 2023 Fact Form D
- Amendment: false Feb 15, 2022 Fact Form D
- Revenue range (Form D): Not Applicable Mar 10, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Feb 15, 2022 Fact Form D
- Incorporated: withinFiveYears Mar 10, 2023 Fact Form D
- Incorporated: withinFiveYears Feb 15, 2022 Fact Form D
- Jurisdiction: Delaware Mar 10, 2023 Fact Form D
- Jurisdiction: Delaware Feb 15, 2022 Fact Form D
- Amount sold (Form D): $128M Mar 10, 2023 Fact Form D
- Amount sold (Form D): $0 Feb 15, 2022 Fact Form D
- Offering amount (Form D): $150M Mar 10, 2023 Fact Form D
- Offering amount (Form D): $150M Feb 15, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Mar 10, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Feb 15, 2022 Fact Form D
- First sale: 2022-02-16 Mar 10, 2023 Fact Form D
- Investors (Form D): 87 Mar 10, 2023 Fact Form D
- Investors (Form D): 0 Feb 15, 2022 Fact Form D
- Minimum investment (Form D): 0 Mar 10, 2023 Fact Form D
- Minimum investment (Form D): 0 Feb 15, 2022 Fact Form D
- Securities offered: pooled Mar 10, 2023 Fact Form D
- Securities offered: pooled Feb 15, 2022 Fact Form D
- Office address: Mar 10, 2023 Fact Form D
- Office address: Feb 15, 2022 Fact Form D
- Year of incorporation: 2022 Mar 10, 2023 Fact Form D
- Year of incorporation: 2022 Feb 15, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Mercury Fund Affiliates V, 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 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-03-23source on record
- Form D filed2023-03-10source on record
- Form D filed2022-02-15source 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.