DFX Intelligence
Wave Equity Fund 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
6 additional principals
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
- +16%reported GAV
Reported gross assets rose from $181M to $209M between the Form ADV filings of 28 Mar 2024 and 30 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
- $150Mwhat may be sold, not what was raised; file 021-190751, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jan 24, 2013
- First sale
- unknown
- Reported GAV
- $209Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 53
- Reported on ADV
- Mar 14, 2014 to Mar 30, 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 2013-01-24, older than 15 months (fr-1)
evidence dated Jan 24, 2013.
Lifecycle
Unknown
Lifecycle
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 30, 2026vintage basis: n/aform d sold: $0form d offering: $150Mform d latest filed at: Jan 24, 2013
The fund's own reporting through time
16 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 14, 2014 | Venture Capital Fund | $20.6M | 75 | $100,000 | 2% | yes | |
| May 4, 2015 | Venture Capital Fund | $51.0M | 75 | $100,000 | 2% | yes | |
| Mar 30, 2016 | Venture Capital Fund | $51.0M | 75 | $100,000 | 2% | yes | |
| May 5, 2017 | Venture Capital Fund | $76.8M | 75 | $100,000 | 2% | yes | |
| Mar 27, 2018 | Venture Capital Fund | $76.8M | 75 | $100,000 | 2% | yes | |
| Mar 30, 2019 | Venture Capital Fund | $76.8M | 75 | $100,000 | 2% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $82.5M | 54 | $100,000 | 2% | yes | |
| Mar 29, 2021 | Venture Capital Fund | $71.4M | 53 | $100,000 | 2% | yes | |
| May 11, 2021 | Venture Capital Fund | $71.4M | 53 | $100,000 | 2% | yes | |
| Mar 29, 2022 | Venture Capital Fund | $194M | 53 | $10.0M | 6% | yes | |
| Sep 23, 2022 | Venture Capital Fund | $194M | 53 | $10.0M | 6% | yes | |
| Sep 28, 2022 | Venture Capital Fund | $194M | 53 | $10.0M | 6% | yes | |
| Oct 19, 2022 | Private Equity Fund | $194M | 53 | $10.0M | 6% | yes | |
| Mar 31, 2023 | Private Equity Fund | $166M | 55 | $10.0M | 6% | yes | |
| Mar 28, 2024 | Private Equity Fund | $181M | 53 | $10.0M | 2% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $209M | 53 | $10,000 | 2% |
Principals and agents
9 principals on Form D, 0 placement agents
- WAVE Equity LLC Director
- Robert Roeper Director
- WAVE Equity GP LP Director
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorWOLF & COMPANY, P.C. · BOSTON, Massachusetts, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianCITIZENS FINANCIAL GROUP, INC. · BOSTON, Massachusetts, United StatesForm ADV filed Mar 30, 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 26, 2025Custodian changed: CITIZENS FINANCIAL GROUP, INC. replaced First Republic Bank, first reported on the Form ADV filed March 26, 2025 (previous filing March 28, 2024)Custodian changed Fact Form ADV
- Mar 14, 2014Wave Equity Fund LP first reported on Form ADV by Wave Equity Partners (Venture Capital Fund), GAV $20,627,551Fund first reported on Form ADV Fact Form ADV
- Jan 24, 2013WAVE Equity Fund LP filed Form D: no sales yet of $150,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Other Jan 24, 2013 Fact Form D
- Form D fund type: Venture Capital Fund Jan 24, 2013 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 24, 2013 Fact Form D
- Amendment: false Jan 24, 2013 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 24, 2013 Fact Form D
- Incorporated: withinFiveYears Jan 24, 2013 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Jan 24, 2013 Fact Form D
- Amount sold (Form D): $0 Jan 24, 2013 Fact Form D
- Offering amount (Form D): $150M Jan 24, 2013 Fact Form D
- Exemptions: 06, 3C, 3C.7 Jan 24, 2013 Fact Form D
- Investors (Form D): 0 Jan 24, 2013 Fact Form D
- Minimum investment (Form D): 0 Jan 24, 2013 Fact Form D
- Securities offered: Equity, pooled Jan 24, 2013 Fact Form D
- Office address: Jan 24, 2013 Fact Form D
- Year of incorporation: 2013 Jan 24, 2013 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Wave Equity Fund LP is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA 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.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2014-03-14source on record
- Form D filed2013-01-24source 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.