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 / Serra Capital III (SBIC), L.P.
Serra Capital III (SBIC), L.P.
Amounts, each with its basis
- Vintage
- 2018basis: 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
- indefinitewhat may be sold, not what was raised; file 021-325917, sworn by the adviser or filed under this vehicle
- Form D sold
- $5.5Mas of the filing of Nov 15, 2018, 23 investors
- First sale
- Nov 2, 2018
- Reported GAV
- $30.0Mon the Form ADV filed Aug 14, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 93
- Reported on ADV
- Jun 14, 2019 to Aug 14, 2024
Fundraising evidence
Unknown
latest Form D 2018-11-15, older than 15 months (fr-1)
evidence dated Nov 15, 2018. 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: 8first sale: 2018-11-02vintage year: $2,018adv gav as of: 2024-08-14vintage basis: form_d_first_saleform d sold usd: $5.5Mform d offering usd: n/aform d latest filed at: 2018-11-15
The fund's own reporting through time
11 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 14, 2019 | Venture Capital Fund | $11.6M | 52 | 2% | yes | ||
| Mar 31, 2020 | Venture Capital Fund | $6.6M | 93 | $25,000 | 2% | yes | |
| Feb 24, 2021 | Venture Capital Fund | $6.6M | 93 | $25,000 | 2% | yes | |
| Mar 16, 2021 | Venture Capital Fund | $13.4M | 93 | $25,000 | 2% | yes | |
| Mar 30, 2022 | Venture Capital Fund | $22.7M | 93 | $25,000 | 2% | yes | |
| Mar 30, 2022 | Venture Capital Fund | $13.4M | 93 | $25,000 | 2% | yes | |
| Mar 7, 2023 | Venture Capital Fund | $22.7M | 93 | $25,000 | 2% | yes | |
| Mar 28, 2023 | Venture Capital Fund | $32.5M | 93 | $25,000 | 2% | yes | |
| Feb 5, 2024 | Venture Capital Fund | $32.5M | 93 | $25,000 | 2% | yes | |
| Apr 1, 2024 | Venture Capital Fund | $30.0M | 93 | $25,000 | 2% | yes | |
| Aug 14, 2024 | Venture Capital Fund | $30.0M | 93 | $25,000 | 2% | yes |
Principals and agents
6 principals on Form D, 0 placement agents
- Robert a. Schultz Executive Officer
- Dennis E. Beard Executive Officer
- Serra Ventures, LLC Executive Officer
- Stephen E. Beck Executive Officer
- Timothy C. Hoerr Executive Officer
- Serra Partners III SBIC, LLC Executive Officer
Limited partners and their reported performance
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.
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
2 events
- Jun 14, 2019Serra Capital III (SBIC), L.P. first reported on Form ADV by Serra Ventures, LLC (Venture Capital Fund), GAV $11,598,249Fund 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)
- Nov 15, 2018Serra Capital III (SBIC), L.P. filed Form D: $5,500,000 sold (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $5.5M Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2018-11-02 Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 23 Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 2021 SOUTH FIRST STREET, SUITE 206, CHAMPAIGN, IL, 61820 Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2018 Nov 15, 2018 Fact SEC EDGAR Form D data sets (quarterly)