DFX Intelligence
Variant Community Fund II, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
11 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -52%reported GAV
Reported gross assets fell from $13.4M to $6.41M between the Form ADV filings of 27 Sep 2024 and 6 May 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
- 2021basis: 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
- $10.0Mwhat may be sold, not what was raised; file 021-417888, sworn by the adviser or filed under this vehicle
- Form D sold
- $10.0Mas of the filing of Oct 21, 2021, 50 investors
- First sale
- Sep 28, 2021
- Reported GAV
- $6.4Mon the Form ADV filed May 6, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 49
- Reported on ADV
- Jul 1, 2022 to May 6, 2026
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.Closed to new capital
Form D filed or amended 2021-10-21: the stated $10.0M offering reported fully sold (fr-1)
evidence dated Oct 21, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Sep 28, 2021vintage year: 2021adv gav as of: May 6, 2026vintage basis: Form d first saleform d sold: $10.0Mform d offering: $10.0Mform d latest filed at: Oct 21, 2021
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jul 1, 2022 | Venture Capital Fund | $10.3M | 53 | $5,000 | 1% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $10.4M | 53 | $5,000 | 2% | yes | |
| May 2, 2023 | Venture Capital Fund | $10.4M | 53 | $5,000 | 2% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $13.4M | 53 | $10,000 | 2% | yes | |
| May 1, 2024 | Venture Capital Fund | $13.4M | 53 | $10,000 | 2% | yes | |
| Sep 27, 2024 | Venture Capital Fund | $13.4M | 53 | $10,000 | 2% | yes | |
| May 6, 2026 | Venture Capital Fund | $6.4M | 49 | $10,000 | 1% |
Principals and agents
2 principals on Form D, 0 placement agents
- a Delaware limited liability company Variant Community Fund, LLC Executive Officer
- Jesse Walden Executive Officer
Service providers
14 named on Form ADV Schedule D and Form D
- AuditorRSM · BOSTON, Massachusetts, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISO, California, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianBITGO TRUST COMPANY, INC. · SIOUX FALLS, South Dakota, United StatesForm ADV filed May 6, 2026 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 31, 2023Auditor changed: RSM replaced BDO, first reported on the Form ADV filed March 31, 2023 (previous filing July 1, 2022)Auditor changed Fact Form ADV
- Jul 1, 2022Variant Community Fund II, LP first reported on Form ADV by Unofficial Management, Inc. (Venture Capital Fund), GAV $10,285,194Fund first reported on Form ADV Fact Form ADV
- Oct 21, 2021Variant Community Fund II, LP filed Form D: $10,000,000 sold of $10,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 21, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Oct 21, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 21, 2021 Fact Form D
- Amendment: false Oct 21, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 21, 2021 Fact Form D
- Incorporated: withinFiveYears Oct 21, 2021 Fact Form D
- Jurisdiction: Delaware Oct 21, 2021 Fact Form D
- Amount sold (Form D): $10.0M Oct 21, 2021 Fact Form D
- Offering amount (Form D): $10.0M Oct 21, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Oct 21, 2021 Fact Form D
- First sale: 2021-09-28 Oct 21, 2021 Fact Form D
- Investors (Form D): 50 Oct 21, 2021 Fact Form D
- Minimum investment (Form D): 0 Oct 21, 2021 Fact Form D
- Securities offered: pooled Oct 21, 2021 Fact Form D
- Office address: Oct 21, 2021 Fact Form D
- Year of incorporation: 2021 Oct 21, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Variant Community 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 ADV2022-07-01source on record
- Form D filed2021-10-21source 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.