DFX Intelligence
Grcf2 Lemonperfect Spv5 LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Early deploymentFundraising status unknownADV: Venture Capital FundSingle-purpose vehicle
A single-purpose vehicle, usually formed for one deal.
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +60%reported GAV
Reported gross assets rose from $5.16M to $8.25M between the Form ADV filings of 5 Feb 2024 and 1 Apr 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
- 2024basis: adv first reported
- 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 021-492839, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Sep 22, 2023
- First sale
- unknown
- Reported GAV
- $8.2Mon the Form ADV filed Apr 1, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 15
- Reported on ADV
- Feb 5, 2024 to Apr 1, 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 2023-09-22, older than 15 months (fr-1)
evidence dated Sep 22, 2023.
LifecycleEarly deployment
vintage within 2 years
age years: 2first sale: n/avintage year: 2024adv gav as of: Apr 1, 2026vintage basis: ADV first reportedform d sold: $0form d offering: n/aform d latest filed at: Sep 22, 2023
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 5, 2024 | Venture Capital Fund | $5.2M | 15 | 0% | no | ||
| Apr 1, 2026 | Venture Capital Fund | $8.2M | 15 | 0% |
Principals and agents
2 principals on Form D, 0 placement agents
- a Delaware limited liability company Goat Rodeo Capital GP II, LLC Executive Officer
- James Pelligrini Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AdministratorGRYPHON FUND GROUP, LLC · BEACHWOOD, Ohio, United StatesForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEWARK, Delaware, United StatesForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- CustodianCarta · PALO ALTO, California, United StatesForm ADV filed Apr 1, 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).
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
- Apr 1, 2026Administrator changed: GRYPHON FUND GROUP, LLC replaced ADURO ADVISORS, LLC, first reported on the Form ADV filed April 1, 2026 (previous filing March 7, 2025)Administrator changed Fact Form ADV
- Feb 5, 2024Grcf2 Lemonperfect Spv5 LP first reported on Form ADV by Goat Rodeo Capital Advisors, LLC (Venture Capital Fund), GAV $5,155,000Fund first reported on Form ADV Fact Form ADV
- Sep 22, 2023GRCF2 LemonPerfect SPV5 LP filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 22, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Sep 22, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 22, 2023 Fact Form D
- Amendment: false Sep 22, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Sep 22, 2023 Fact Form D
- Incorporated: withinFiveYears Sep 22, 2023 Fact Form D
- Jurisdiction: Delaware Sep 22, 2023 Fact Form D
- Amount sold (Form D): $0 Sep 22, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Sep 22, 2023 Fact Form D
- Indefinite offering: true Sep 22, 2023 Fact Form D
- Investors (Form D): 0 Sep 22, 2023 Fact Form D
- Minimum investment (Form D): 0 Sep 22, 2023 Fact Form D
- Securities offered: pooled Sep 22, 2023 Fact Form D
- Office address: Sep 22, 2023 Fact Form D
- Year of incorporation: 2023 Sep 22, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Grcf2 Lemonperfect Spv5 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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2024-02-05source on record
- Form D filed2023-09-22source 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.