DFX Intelligence
Varana Capital Focused, 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
1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
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Nothing material in the last 365 days. Last change: 9 Feb 2022, Latest Form D filed on 9 Feb 2022: $31.1M sold, 60 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2015basis: 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 021-432980, sworn by the adviser or filed under this vehicle
- Form D sold
- $31.1Mas of the filing of Feb 9, 2022, 60 investors
- First sale
- Sep 1, 2015
- Reported GAV
- $153Mon the Form ADV filed Sep 12, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 85
- Reported on ADV
- Sep 12, 2026 to Sep 12, 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.Unknown
latest Form D 2022-02-09, older than 15 months (fr-1)
evidence dated Feb 9, 2022.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 11first sale: Sep 1, 2015vintage year: 2015adv gav as of: Sep 12, 2026vintage basis: Form d first saleform d sold: $31.1Mform d offering: n/aform d latest filed at: Feb 9, 2022
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 25, 2026 | Venture Capital Fund | $153M | 85 | $1.0M | 30% | ||
| Sep 12, 2026 | Venture Capital Fund | $153M | 85 | $1.0M | 30% |
Principals and agents
3 principals on Form D, 0 placement agents
- Philip R. Broenniman Executive Officer
- Ezra R. Gardner Executive Officer
- Varana Capital LLC general partner (ADV 7.B.(1).A.3)
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorWEAVER AND TIDWELL, L.L.P. · HOUSTON, Texas, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- AdministratorESSENTIAL FUND SERVICES INTERNATIONAL · NEW YORK, New York, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- CustodianTRIAD SECURITIES CORP · NEW YORK, New York, United StatesForm ADV filed Mar 25, 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
4 events
- Sep 12, 2026Varana Capital Focused, LP first reported on Form ADV by Varana Capital, LLC, GAV $153,297,998Fund first reported on Form ADV Fact Form ADV
- Apr 1, 2025Administrator changed: ESSENTIAL FUND SERVICES INTERNATIONAL replaced PARTNERSADMIN, LLC, first reported on the Form ADV filed April 1, 2025 (previous filing March 11, 2024)Administrator changed Fact Form ADV
- Apr 1, 2025Auditor changed: WEAVER AND TIDWELL, L.L.P. replaced SPICER JEFFRIES LLP, first reported on the Form ADV filed April 1, 2025 (previous filing March 11, 2024)Auditor changed Fact Form ADV
- Feb 9, 2022Varana Capital Focused, LP filed Form D: $31,107,914 sold (indefinite offering), Hedge FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Adv pdf fund: VARANA CAPITAL FOCUSED, LP Sep 12, 2026 Fact Form ADV
- Entity type: Limited Partnership Feb 9, 2022 Fact Form D
- Form D fund type: Hedge Fund Feb 9, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 9, 2022 Fact Form D
- Amendment: false Feb 9, 2022 Fact Form D
- Incorporated: overFiveYears Feb 9, 2022 Fact Form D
- Jurisdiction: Delaware Feb 9, 2022 Fact Form D
- Amount sold (Form D): $31.1M Feb 9, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Feb 9, 2022 Fact Form D
- First sale: 2015-09-01 Feb 9, 2022 Fact Form D
- Indefinite offering: true Feb 9, 2022 Fact Form D
- Investors (Form D): 60 Feb 9, 2022 Fact Form D
- Minimum investment (Form D): 1,000,000 Feb 9, 2022 Fact Form D
- Securities offered: Equity, pooled Feb 9, 2022 Fact Form D
- Office address: Feb 9, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Varana Capital Focused, LP is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA 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.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2026-09-12source on record
- Form D filed2022-02-09source 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.