Form D · Venture Capital Fund

Shield Capital Fund I, L.P.

San Francisco, CA · CIK 0001888926

Offering snapshot reported Jan 24, 2023 · SEC filing

Reported sold
$152M
Offering amount: $240M
Investors reported
90
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Sep 30, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$75.9M$152MOct 19, 2021: $60,511,110.00Oct 19, 2021Jan 24, 2023: $151,835,000.00Jan 24, 2023

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 sold$60,511,110 → $151,835,000
  • Reported investors22 → 90

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jan 24, 2023Amendment$151,835,000$91,323,890vs Oct 19, 202190SEC filing
Oct 19, 2021Initial$60,511,110No comparison22SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-417538
Target raise was initially $120 million, but the General Partner may, in its sole discretion, accept up to $240 million.

Source: Form D, filed Jan 24, 2023. 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

SHIELD CAPITAL FUND I, L.P.

Investment adviser: SHIELD CAPITAL, LLC

Gross asset value
$246M
Beneficial owners
99
ADV minimum commitment
$0

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator GP FUND SOLUTIONS, LLC LATHAM, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG BOSTON, Massachusetts, United States
Marketer DENNING AND COMPANY SAN FRANCISCO, California, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
No
Administrator other than the adviser
Yes
External marketing
Yes

KPMG
PCAOB 1051

Filing source

Form ADV 2080643 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-7683703429

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
Philip M. Bilden Director
Raj Shah Director
. Shield Capital Fund I Gp, Llc Executive
. Shield Capital, Llc Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
55 2nd Street Suite 1950
San Francisco, CA, 94105