DFX Intelligence
Idea Fund II, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
Nothing material in the last 365 days. Last change: 17 Mar 2025, Reported gross assets fell from $45.3M to $31.2M between the Form ADV filings of 17 Feb 2024 and 17 Mar 2025.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2013basis: 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 021-201505, sworn by the adviser or filed under this vehicle
- Form D sold
- $8.2Mas of the filing of Aug 16, 2013, 16 investors
- First sale
- Aug 2, 2013
- Reported GAV
- $31.2Mon the Form ADV filed Mar 17, 2025; the fund's assets, never its size or dry powder
- Owners (ADV)
- 63
- Reported on ADV
- Apr 28, 2015 to Mar 17, 2025
Fundraising evidence
What 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 2013-08-16, older than 15 months (fr-1)
evidence dated Aug 16, 2013.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 13first sale: Aug 2, 2013vintage year: 2013adv gav as of: Mar 17, 2025vintage basis: Form d first saleform d sold: $8.2Mform d offering: n/aform d latest filed at: Aug 16, 2013
The fund's own reporting through time
12 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Apr 28, 2015 | Venture Capital Fund | $12.0M | 63 | $50,000 | 2% | yes | |
| May 20, 2015 | Venture Capital Fund | $12.0M | 63 | $50,000 | 2% | yes | |
| Mar 8, 2016 | Venture Capital Fund | $14.3M | 63 | $50,000 | 2% | yes | |
| Mar 2, 2017 | Venture Capital Fund | $14.3M | 63 | $50,000 | 2% | yes | |
| Mar 7, 2018 | Venture Capital Fund | $15.5M | 63 | $50,000 | 2% | yes | |
| Feb 18, 2019 | Venture Capital Fund | $15.5M | 63 | $50,000 | 2% | yes | |
| Mar 4, 2020 | Venture Capital Fund | $26.4M | 63 | $50,000 | 2% | yes | |
| Mar 15, 2021 | Venture Capital Fund | $32.6M | 63 | $50,000 | 2% | yes | |
| Feb 8, 2022 | Venture Capital Fund | $45.3M | 63 | $50,000 | 2% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $45.3M | 63 | $50,000 | 2% | yes | |
| Feb 17, 2024 | Venture Capital Fund | $45.3M | 63 | $50,000 | 2% | yes | |
| Mar 17, 2025 | Venture Capital Fund | $31.2M | 63 | $50,000 | 2% |
Principals and agents
2 principals on Form D, 0 placement agents
- Lister Delgado Executive Officer
- John Cambier Executive Officer
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorEisnerAmper · RALEIGH, North Carolina, United StatesForm ADV filed Mar 17, 2025 reports.adviserinfo.sec.gov
- AdministratorVENTURE BACK OFFICE, INC. · CARY, North Carolina, United StatesForm ADV filed Mar 17, 2025 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose 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 allocators
What 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 17, 2025Auditor changed: EisnerAmper replaced HUGHES PITTMAN & GUPTON, LLP, first reported on the Form ADV filed March 17, 2025 (previous filing February 17, 2024)Auditor changed Fact Form ADV
- Apr 28, 2015Idea Fund II, LP first reported on Form ADV by Idea Fund Partners, LLC (Venture Capital Fund), GAV $12,003,952Fund first reported on Form ADV Fact Form ADV
- Aug 16, 2013IDEA Fund II, LP filed Form D: $8,151,515 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Aug 16, 2013 Fact Form D
- Form D fund type: Venture Capital Fund Aug 16, 2013 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 16, 2013 Fact Form D
- Amendment: false Aug 16, 2013 Fact Form D
- Revenue range (Form D): Decline to Disclose Aug 16, 2013 Fact Form D
- Incorporated: withinFiveYears Aug 16, 2013 Fact Form D
- Jurisdiction: Delaware Aug 16, 2013 Fact Form D
- Amount sold (Form D): $8.2M Aug 16, 2013 Fact Form D
- Exemptions: 06, 3C, 3C.1 Aug 16, 2013 Fact Form D
- First sale: 2013-08-02 Aug 16, 2013 Fact Form D
- Indefinite offering: true Aug 16, 2013 Fact Form D
- Investors (Form D): 16 Aug 16, 2013 Fact Form D
- Minimum investment (Form D): 20,000 Aug 16, 2013 Fact Form D
- Securities offered: Equity, pooled Aug 16, 2013 Fact Form D
- Office address: Aug 16, 2013 Fact Form D
- Year of incorporation: 2012 Aug 16, 2013 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Idea Fund II, 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 ADV2015-04-28source on record
- Form D filed2013-08-16source 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.