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 / Payments Spv, a Series of Feng Mao Cap, LLC

Payments Spv, a Series of Feng Mao Cap, LLC

HarvestClosed to new capitalSPV or co-invest vehicleADV: Venture Capital FundAngellist AdvisorsDelaware
Amounts, each with its basis
Vintage
2017basis: 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
$233,000what may be sold, not what was raised; file 021-298978, sworn by the adviser or filed under this vehicle
Form D sold
$233,000as of the filing of Nov 17, 2017, 7 investors
First sale
Apr 3, 2017
Reported GAV
$1.4Mon the Form ADV filed Jun 14, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
7
Reported on ADV
Mar 31, 2018 to Jun 14, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2017-11-17: the stated $233,000 offering reported fully sold (fr-1)
evidence dated Nov 17, 2017. 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: 9first sale: 2017-04-03vintage year: $2,017adv gav as of: 2024-06-14vintage basis: form_d_first_saleform d sold usd: $233,000form d offering usd: $233,000form d latest filed at: 2017-11-17
The fund's own reporting through time
11 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2018Venture Capital Fund$221,692
7$1,0000%no
Mar 28, 2019Venture Capital Fund$344,436
7$3,0000%no
Jul 26, 2019Venture Capital Fund$344,436
7$3,0000%no
Jan 15, 2020Venture Capital Fund$344,436
7$3,0000%no
Mar 30, 2020Venture Capital Fund$387,430
7$3,0000%no
Mar 31, 2021Venture Capital Fund$474,591
7$3,0000%no
Nov 4, 2021Venture Capital Fund$474,591
7$3,0000%no
Mar 31, 2022Venture Capital Fund$2.0M
7$3,0000%no
Mar 30, 2023Venture Capital Fund$1.4M
7$3,0000%no
Mar 29, 2024Venture Capital Fund$1.4M
7$3,0000%no
Jun 14, 2024Venture Capital Fund$1.4M
7$3,0000%no
Principals and agents
3 principals on Form D, 0 placement agents
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
  1. Mar 31, 2018
    Payments Spv, a Series of Feng Mao Cap, LLC first reported on Form ADV by Angellist Advisors (Venture Capital Fund), GAV $221,692
    Fund 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)
  2. Nov 17, 2017
    Payments SPV, a series of Feng Mao Cap, LLC filed Form D: $233,000 sold of $233,000, Other Investment Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle