Form D · Venture Capital Fund

Discerning Capital Outlier SPV, LLC

Las Vegas, NV · CIK 0002093272

Offering snapshot reported Nov 26, 2025 · SEC filing

Reported sold
$7.85M
Offering amount: $7.85M
Investors reported
40
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Nov 10, 2025
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Nov 26, 2025Initial$7,853,921No comparison40SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
No
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-565171

Source: Form D, filed Nov 26, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

DISCERNING CAPITAL OUTLIER SPV, LLC

Investment adviser: DISCERNING CAPITAL LLC

Gross asset value
$7.86M
Beneficial owners
39
ADV minimum commitment
$0

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian FIRST CITIZENS BANCSHARES, INC. RALEIGH, North Carolina, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Filing source

Form ADV 2081829 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-2577182647

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Davis Catlin Executive
N/A Discerning Capital Llc Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
50 Olympia Hills Circle
Las Vegas, NV, 89141