Form D · Venture Capital Fund

HealthQuest Madison SPV, L.P.

Belmont, CA · CIK 0001859822

Offering snapshot reported Jun 3, 2021 · SEC filing

Reported sold: $50M
Investors reported: 34
Minimum accepted: $0
First sale: May 21, 2021

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 3, 2021	Initial	$50,000,000	No comparison	34	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-401615

Source: Form D, filed Jun 3, 2021. 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

HEALTHQUEST MADISON SPV, L.P.

Investment adviser: HEALTHQUEST CAPITAL MANAGEMENT, L.P.

Gross asset value: $57.5M
Beneficial owners: 35
ADV minimum commitment: $0

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator HC GLOBAL FUND SERVICES, LLC WALNUT CREEK, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator MWY FUND SERVICES, LLC REDWOOD CITY, California, United States Investor statements: Yes (provided to all investors) Related to adviser: Yes

Auditor BDO USA, LLP SAN FRANCISCO, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY MENLO PARK, California, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

BDO USA, LLP
PCAOB 243

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Filing source

Form ADV 2083464 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-9067985851

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
Name	Reported role
Garheng Kong	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1301 Shoreway Road, Suite 350
Belmont, CA, 94002