DFX Intelligence
Flex Capital Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals, 2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +13%reported GAV
Reported gross assets rose from $140M to $158M between the Form ADV filings of 28 Mar 2024 and 31 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
- 2022basis: 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
- $300Mwhat may be sold, not what was raised; file 021-431648, sworn by the adviser or filed under this vehicle
- Form D sold
- $149Mas of the filing of Feb 13, 2023, 280 investors
- First sale
- Feb 2, 2022
- Reported GAV
- $158Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 290
- Reported on ADV
- Mar 24, 2023 to Mar 31, 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 2023-02-13, older than 15 months (fr-1)
evidence dated Feb 13, 2023.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: Feb 2, 2022vintage year: 2022adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $149Mform d offering: $300Mform d latest filed at: Feb 13, 2023
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 24, 2023 | Venture Capital Fund | $153M | 283 | 3% | yes | ||
| Mar 7, 2024 | Venture Capital Fund | $145M | 283 | 3% | yes | ||
| Mar 28, 2024 | Venture Capital Fund | $140M | 283 | 3% | yes | ||
| Mar 31, 2026 | Venture Capital Fund | $158M | 290 | $50,000 | 3% |
Principals and agents
5 principals on Form D, 1 placement agents
- Auren Hoffman Executive Officer
- Jeffrey Lu Executive Officer
- TOD Sacerdoti Executive Officer
- Artist Capital LLC placement agent
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 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
- Mar 24, 2023Flex Capital Fund II, L.P. first reported on Form ADV by Flex Capital Management, L.L.C. (Venture Capital Fund), GAV $152,592,758Fund first reported on Form ADV Fact Form ADV
- Feb 13, 2023Flex Capital Fund II, L.P. filed Form D/A: $149,025,000 sold of $300,000,000, Venture Capital FundForm D filed Fact Form D
- Feb 1, 2022Flex Capital Fund II, L.P. filed Form D: no sales yet of $300,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Feb 13, 2023 Fact Form D
- Entity type: Limited Partnership Feb 1, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Feb 13, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Feb 1, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 13, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 1, 2022 Fact Form D
- Amendment: true Feb 13, 2023 Fact Form D
- Amendment: false Feb 1, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Feb 13, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Feb 1, 2022 Fact Form D
- Incorporated: withinFiveYears Feb 13, 2023 Fact Form D
- Incorporated: withinFiveYears Feb 1, 2022 Fact Form D
- Jurisdiction: Delaware Feb 13, 2023 Fact Form D
- Jurisdiction: Delaware Feb 1, 2022 Fact Form D
- Amount sold (Form D): $149M Feb 13, 2023 Fact Form D
- Amount sold (Form D): $0 Feb 1, 2022 Fact Form D
- Offering amount (Form D): $300M Feb 13, 2023 Fact Form D
- Offering amount (Form D): $300M Feb 1, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Feb 13, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Feb 1, 2022 Fact Form D
- First sale: 2022-02-02 Feb 13, 2023 Fact Form D
- Investors (Form D): 280 Feb 13, 2023 Fact Form D
- Investors (Form D): 0 Feb 1, 2022 Fact Form D
- Minimum investment (Form D): 0 Feb 13, 2023 Fact Form D
- Minimum investment (Form D): 0 Feb 1, 2022 Fact Form D
- Securities offered: pooled Feb 13, 2023 Fact Form D
- Securities offered: pooled Feb 1, 2022 Fact Form D
- Office address: Feb 13, 2023 Fact Form D
- Office address: Feb 1, 2022 Fact Form D
- Year of incorporation: 2022 Feb 13, 2023 Fact Form D
- Year of incorporation: 2022 Feb 1, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Flex Capital Fund II, L.P. 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
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-03-24source on record
- Form D filed2023-02-13source on record
- Form D filed2022-02-01source 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.