DFX Intelligence
March Capital Partners Fund I, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals, 1 additional placement agent, 1 event
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -41%reported GAV
Reported gross assets fell from $72.6M to $42.6M between the Form ADV filings of 1 Apr 2024 and 30 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
- unknownno dated first sale or first report yet
- 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
- $200Mwhat may be sold, not what was raised; file 021-218934, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 11, 2014
- First sale
- unknown
- Reported GAV
- $42.6Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 71
- Reported on ADV
- Mar 24, 2015 to Mar 30, 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 2014-06-11, older than 15 months (fr-1)
evidence dated Jun 11, 2014.
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 30, 2026vintage basis: n/aform d sold: $0form d offering: $200Mform d latest filed at: Jun 11, 2014
The fund's own reporting through time
23 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 24, 2015 | Venture Capital Fund | $22.9M | 28 | $100,000 | 6% | yes | |
| Apr 2, 2015 | Venture Capital Fund | $22.9M | 28 | $100,000 | 6% | yes | |
| Mar 25, 2016 | Venture Capital Fund | $45.1M | 32 | $100,000 | 3% | yes | |
| Mar 30, 2016 | Venture Capital Fund | $45.1M | 32 | $100,000 | 3% | yes | |
| Jun 14, 2016 | Venture Capital Fund | $45.1M | 32 | $100,000 | 3% | yes | |
| Mar 22, 2017 | Venture Capital Fund | $67.7M | 71 | $100,000 | 3% | yes | |
| Mar 30, 2017 | Venture Capital Fund | $67.7M | 71 | $100,000 | 3% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $63.3M | 71 | $100,000 | 3% | yes | |
| Jun 26, 2018 | Venture Capital Fund | $63.3M | 71 | $100,000 | 3% | yes | |
| Mar 26, 2019 | Venture Capital Fund | $82.3M | 71 | $100,000 | 3% | yes | |
| May 21, 2019 | Venture Capital Fund | $82.3M | 71 | $100,000 | 3% | yes | |
| Mar 25, 2020 | Venture Capital Fund | $97.2M | 71 | $100,000 | 3% | yes | |
| May 1, 2020 | Venture Capital Fund | $97.2M | 71 | $100,000 | 3% | yes | |
| Mar 15, 2021 | Venture Capital Fund | $92.1M | 71 | $100,000 | 3% | yes | |
| Apr 30, 2021 | Venture Capital Fund | $92.1M | 71 | $100,000 | 3% | yes | |
| Mar 22, 2022 | Venture Capital Fund | $143M | 71 | $100,000 | 3% | yes | |
| Apr 7, 2022 | Venture Capital Fund | $143M | 71 | $100,000 | 3% | yes | |
| Mar 27, 2023 | Venture Capital Fund | $113M | 71 | $100,000 | 3% | yes | |
| Apr 4, 2023 | Venture Capital Fund | $113M | 71 | $100,000 | 3% | yes | |
| May 30, 2023 | Venture Capital Fund | $113M | 71 | $100,000 | 3% | yes | |
| Mar 24, 2024 | Venture Capital Fund | $72.6M | 71 | $100,000 | 3% | yes | |
| Apr 1, 2024 | Venture Capital Fund | $72.6M | 71 | $100,000 | 3% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $42.6M | 71 | $100,000 | 3% |
Principals and agents
5 principals on Form D, 0 placement agents
- March Capital Partners GP, LLC Promoter
- James T Montgomery Promoter
- Sumant T Mandal Promoter
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorKPMG · LOS ANGELES, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorJTC GROUP · EBENE, MauritiusForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · SANTA MONICA, California, United StatesForm ADV filed Mar 30, 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.
1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Karsh Family Foundation | FOUNDATION | $208,652 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
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
6 events
- Mar 24, 2024Auditor changed: KPMG replaced BDO, first reported on the Form ADV filed March 24, 2024 (previous filing May 30, 2023)Auditor changed Fact Form ADV
- Mar 26, 2019Administrator changed: JTC GROUP replaced MINERVA FIDUCIARY SERVICES (MAURITIUS) LIMITED, first reported on the Form ADV filed March 26, 2019 (previous filing June 26, 2018)Administrator changed Fact Form ADV
- Mar 29, 2018Auditor changed: BDO replaced RSM, first reported on the Form ADV filed March 29, 2018 (previous filing March 30, 2017)Auditor changed Fact Form ADV
- Mar 25, 2016Auditor changed: RSM replaced KPMG, first reported on the Form ADV filed March 25, 2016 (previous filing April 2, 2015)Auditor changed Fact Form ADV
- Mar 24, 2015March Capital Partners Fund I, L.P. first reported on Form ADV by March Capital Partners (Venture Capital Fund), GAV $22,924,759Fund first reported on Form ADV Fact Form ADV
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 11, 2014 Fact Form D
- Form D fund type: Venture Capital Fund Jun 11, 2014 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 11, 2014 Fact Form D
- Amendment: false Jun 11, 2014 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 11, 2014 Fact Form D
- Incorporated: withinFiveYears Jun 11, 2014 Fact Form D
- Jurisdiction: Delaware Jun 11, 2014 Fact Form D
- Amount sold (Form D): $0 Jun 11, 2014 Fact Form D
- Offering amount (Form D): $200M Jun 11, 2014 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 11, 2014 Fact Form D
- Investors (Form D): 0 Jun 11, 2014 Fact Form D
- Minimum investment (Form D): 0 Jun 11, 2014 Fact Form D
- Securities offered: pooled Jun 11, 2014 Fact Form D
- Office address: Jun 11, 2014 Fact Form D
- Year of incorporation: 2014 Jun 11, 2014 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
March Capital Partners Fund I, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2015-03-24source on record
- Form D filed2014-06-11source 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.