DFX Intelligence
Venture Capital Intelligence
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Funds / M•••• V••••••• X••• L•••
M•••• V••••••• X••• L•••
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
- $450Mwhat may be sold, not what was raised; file 021-287038, sworn by the adviser or filed under this vehicle
- Form D sold
- $450Mas of the filing of May 18, 2017, 32 investors
- First sale
- May 5, 2017
- Reported GAV
- $1.0Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 35
- Reported on ADV
- Mar 30, 2018 to Sep 14, 2026
Fundraising evidence
Closed to new capital
Form D filed or amended 2017-05-18: the stated $450.0M offering reported fully sold (fr-1)
evidence dated May 18, 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: 2017-05-05vintage year: $2,017adv gav as of: 2026-09-14vintage basis: form_d_first_saleform d sold usd: $450Mform d offering usd: $450Mform d latest filed at: 2017-05-18
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2018 | Venture Capital Fund | $452M | 35 | $2.0M | 1% | yes | |
| Mar 30, 2019 | Venture Capital Fund | $481M | 35 | $2.0M | 1% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $536M | 35 | $2.0M | 1% | yes | |
| Mar 30, 2021 | Venture Capital Fund | $745M | 35 | $2.0M | 1% | yes | |
| Mar 29, 2022 | Venture Capital Fund | $1.4B | 35 | $2.0M | 1% | yes | |
| Feb 28, 2023 | Venture Capital Fund | $1.1B | 35 | $2.0M | 1% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $1.1B | 35 | $2.0M | 1% | yes | |
| Sep 14, 2026 | $1.0B | 35 | $2.0M | 1% |
Principals and agents
8 principals on Form D, 0 placement agents
- M••• a• S••••• Director
- T• M•••• V••••••• M••••••••• L••• Promoter
- T• M•• G•• L••••• Promoter
- M• M••••••••• X••• L••••• Promoter
- S•••• T• C•••••• Director
- V•••• T• G•••••• Director
- M•••••• T• M••••• Director
- M• M••••••••• X••• L••••• general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| W••••••••• S•••• I••••••••• B•••• sib.wa.gov | 2017 | $100M | $100M | $33.0M | $193M | 16.2% | 2.3x | Dec 31, 2025 |
Each 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).
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
4 events
- Dec 31, 2025WSIB reports M•••• V••••••• X••• L•••: $100,000,000 committed, vintage 2017, net IRR 16.2%, 2.3xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports M•••• V••••••• X••• L•••: $100,000,000 committed, vintage 2017, net IRR 16.2%, 2.3xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 30, 2018M•••• V••••••• X••• L••• first reported on Form ADV by M•••• V••••••• (Venture Capital Fund), GAV $452,271,347Fund 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)
- May 18, 2017M•••• V••••••• X••• L••• filed Form D: $450,000,000 sold of $450,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
17 observations
Every observation on this vehicle
- Adv pdf fund: M•••• V••••••• X••• L••• Sep 14, 2026 Fact IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Entity type: Limited Partnership May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $450M May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $450M May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2017-05-05 May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 32 May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 2884 SAND HILL ROAD, SUITE 100, MENLO PARK, CA, 94025 May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2017 May 18, 2017 Fact SEC EDGAR Form D data sets (quarterly)