Form D · Venture Capital Fund

Liquid 2 Winners Fund I, L.P.

San Francisco, CA · CIK 0001989226

Offering snapshot reported Jan 17, 2025 · SEC filing

Reported sold: $99.9M
Investors reported: 71
Minimum accepted: $0
First sale: Sep 15, 2023

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 71

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 17, 2025	Amendment	$99,870,000	No comparison	71	SEC filing
Sep 16, 2024	Amendment	$67,570,000	No comparison	62	SEC filing
Sep 14, 2023	Initial	Yet to sell	No comparison	0	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: 021-492162

Source: Form D, filed Jan 17, 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

LIQUID 2 WINNERS FUND I, LP

Investment adviser: LIQUID 2 VENTURES, LLC

Gross asset value: $118M
Beneficial owners: 72
ADV minimum commitment: $50K

Reported in Form ADV on Mar 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CARTA PALO ALTO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SENSIBA SAN FILIPPO LLP PLEASANTON, California, United States

Custodian JP MORGAN CHASE NY, New York, United States Related to adviser: No

Custodian SILICON VALLEY BRIDGE BANK, NATIONAL ASSOCIATION SANTA CLARA, 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

SENSIBA SAN FILIPPO LLP
PCAOB 854

JP MORGAN CHASE
LEI 7H6GLXDRUGQFU57RNE97

SILICON VALLEY BRIDGE BANK, NATIONAL ASSOCIATION
LEI 2549006SX2APS6OJMQ40

Filing source

Form ADV 2077748 · Mar 26, 2026 · Schedule D 7.B.(1), fund 805-7046478140

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

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Liquid 2 Winners Fund I, L.P. (this fund)	Jan 17, 2025	$99,870,000	71
Liquid 2 Winners Fund II, L.P.	Mar 5, 2026	Yet to sell	0

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
Joseph C. Montana	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

3350 Steiner St.
San Francisco, CA, 94123