Form D · Venture Capital Fund

SPECTRUM 28 CAPITAL I, L.P.

Grand Cayman, E9 · CIK 0001641533

Offering snapshot reported Sep 20, 2016 · SEC filing

Reported sold: $170M
Investors reported: 23
Minimum accepted: $0
First sale: May 11, 2015

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 sold$163,000,000 → $169,700,000
Reported investors18 → 23

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 20, 2016	Amendment	$169,700,000	$6,700,000vs May 19, 2016	23	SEC filing
May 19, 2016	Amendment	$163,000,000	No comparison	18	SEC filing
May 11, 2015	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-239530

Source: Form D, filed Sep 20, 2016. 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

SPECTRUM 28 CAPITAL I, L.P.

Investment adviser: S28 CAPITAL LLC

Gross asset value: $434M
Beneficial owners: 24
ADV minimum commitment: $200K

Reported in Form ADV on Apr 3, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CSC GLOBAL HONG KONG, China Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKERTILLY GRAND CAYMAN, Cayman Islands

Custodian EAST WEST BANK PASADENA, California, United States Related to adviser: No

Custodian SILICON VALLEY BANK 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

BAKERTILLY
PCAOB 659

SILICON VALLEY BANK
LEI 0K2D5AK28E3O5CC06E35

Filing source

Form ADV 2082022 · Apr 3, 2026 · Schedule D 7.B.(1), fund 805-2300170600

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
General Partner Spectrum 28 Capital Management I, L.P.	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Maples Corporate Services Limited Ugland House, South Church Street
Grand Cayman, E9, KY1-1104