DFX Intelligence
Builders Vc Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
4 additional principals, 1 event
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
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, Los Angeles City Employees' Retirement System as of 31 Dec 2025, shows $10M committed and net IRR 5.3%, 1.16x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2020basis: 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
- $250Mwhat may be sold, not what was raised; file 021-379018, sworn by the adviser or filed under this vehicle
- Form D sold
- $236Mas of the filing of Oct 28, 2021, 57 investors
- First sale
- Oct 30, 2020
- Reported GAV
- $224Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 56
- Reported on ADV
- Mar 29, 2021 to Mar 30, 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 2021-10-28, older than 15 months (fr-1)
evidence dated Oct 28, 2021.
LifecycleMature
vintage 4 to 7 years
age years: 6first sale: Oct 30, 2020vintage year: 2020adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $236Mform d offering: $250Mform d latest filed at: Oct 28, 2021
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2021 | Venture Capital Fund | $83.8M | 24 | 1% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $210M | 56 | $100,000 | 3% | yes | |
| Mar 29, 2023 | Venture Capital Fund | $222M | 56 | $100,000 | 3% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $217M | 56 | $100,000 | 3% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $224M | 56 | $100,000 | 3% |
Principals and agents
7 principals on Form D, 0 placement agents
- Amit Mehta Director
- Builders VC GP II, LLC Director
- Mark Goldstein Director
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · PALO ALTO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · DALLAS, Texas, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.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).
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $10.0M | $8.5M | Not disclosed | $9.8M | 5.3% | 1.2x | Dec 31, 2025 |
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.
3 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | $15.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $10.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Sturm Family Foundation | FOUNDATION | $1.9M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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
6 events
- Dec 31, 2025LACERS reports Builders VC Fund II: $10,000,000 committed, vintage 2021, net IRR 5.3%, 1.16xLP commitment disclosed Fact Pension disclosure
- Mar 31, 2025Custodian changed: First Citizens Bank replaced First Republic Bank, first reported on the Form ADV filed March 31, 2025 (previous filing March 28, 2024)Custodian changed Fact Form ADV
- Mar 31, 2022Administrator changed: Standish Management replaced ADURO ADVISORS, LLC, first reported on the Form ADV filed March 31, 2022 (previous filing March 29, 2021)Administrator changed Fact Form ADV
- Oct 28, 2021Builders VC Fund II, L.P. filed Form D/A: $235,930,000 sold of $250,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 29, 2021Builders Vc Fund II, L.P. first reported on Form ADV by Builders Vc, LLC (Venture Capital Fund), GAV $83,800,000Fund first reported on Form ADV Fact Form ADV
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 28, 2021 Fact Form D
- Entity type: Limited Partnership Oct 28, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Oct 28, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Oct 28, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 28, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 28, 2020 Fact Form D
- Amendment: true Oct 28, 2021 Fact Form D
- Amendment: false Oct 28, 2020 Fact Form D
- Revenue range (Form D): Not Applicable Oct 28, 2021 Fact Form D
- Revenue range (Form D): Not Applicable Oct 28, 2020 Fact Form D
- Incorporated: withinFiveYears Oct 28, 2021 Fact Form D
- Incorporated: withinFiveYears Oct 28, 2020 Fact Form D
- Jurisdiction: Delaware Oct 28, 2021 Fact Form D
- Jurisdiction: Delaware Oct 28, 2020 Fact Form D
- Amount sold (Form D): $236M Oct 28, 2021 Fact Form D
- Amount sold (Form D): $0 Oct 28, 2020 Fact Form D
- Offering amount (Form D): $250M Oct 28, 2021 Fact Form D
- Offering amount (Form D): $250M Oct 28, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Oct 28, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Oct 28, 2020 Fact Form D
- First sale: 2020-10-30 Oct 28, 2021 Fact Form D
- Investors (Form D): 57 Oct 28, 2021 Fact Form D
- Investors (Form D): 0 Oct 28, 2020 Fact Form D
- Minimum investment (Form D): 0 Oct 28, 2021 Fact Form D
- Minimum investment (Form D): 0 Oct 28, 2020 Fact Form D
- Securities offered: pooled Oct 28, 2021 Fact Form D
- Securities offered: pooled Oct 28, 2020 Fact Form D
- Office address: Oct 28, 2021 Fact Form D
- Office address: Oct 28, 2020 Fact Form D
- Year of incorporation: 2020 Oct 28, 2021 Fact Form D
- Year of incorporation: 2020 Oct 28, 2020 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 6 capital paths
Across the graphs
Builders Vc Fund II, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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Capital chain
Builders Vc Fund II, L.P. sits on 6 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 6 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
4 dated events on the change ledger, latest event first
- LP commitment disclosed2025-12-31source on record
- Form D filed2021-10-28source on record
- Fund first reported on ADV2021-03-29source on record
+1 more change 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.