Form D · Private Equity Fund

TCV XII (iCapital), L.P.

New York, NY · CIK 0001927366

Offering snapshot reported Sep 27, 2023 · SEC filing

Reported sold: $37.9M
Investors reported: 81
Minimum accepted: $0
First sale: Jun 12, 2023

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 81

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 27, 2023	Amendment	$37,900,000	No comparison	81	SEC filing
May 19, 2022	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, 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: 021-446215

Certain private placement clients of UBS Financial Services Inc. ("UBS") are required to pay (i) an upfront placement fee directly to UBS and (ii) an ongoing annual fee to the fund (which is then paid to UBS).

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
UBS Financial Services Inc.	8174

Source: Form D, filed Sep 27, 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

TCV XII (ICAPITAL), L.P.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $41.2M
Beneficial owners: 80
ADV minimum commitment: $250K

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

Service providers

Fund administrator ULTIMUS FUND SOLUTIONS PHILADELPHIA, Pennsylvania, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor KPMG LLP NEW YORK, New York, United States

Marketer BOSTON FINANCIAL MANAGEMENT LLC BOSTON, Massachusetts, United States Related to adviser: No

Marketer BSW WEALTH PARTNERS BOULDER, Colorado, United States Related to adviser: No

Marketer ENVESTNET PMC CHICAGO, Illinois, United States Related to adviser: No

Marketer ENVESTNET PORTFOLIO SOLUTIONS, INC. CHICAGO, Illinois, United States Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: Yes

Marketer INNOVIA WEALTH, LLC GRAND RAPIDS, Michigan, United States Related to adviser: No

Marketer INTEGRATED ADVISORS NETWORK LLC PALOS VERDES ESTATES, California, United States Related to adviser: No

Marketer MADISON WEALTH MANAGEMENT CINCINNATI, Ohio, United States Related to adviser: No

Marketer MODERA WEALTH MANAGEMENT, LLC WESTWOOD, New Jersey, United States Related to adviser: No

Marketer UBS FINANCIAL SERVICES INC. WEEHAWKEN, New Jersey, 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 LLP
PCAOB 185

BOSTON FINANCIAL MANAGEMENT LLC
CRD 112360 · SEC 801-11178

BSW WEALTH PARTNERS
CRD 107485 · SEC 801-45532

ENVESTNET PMC
CRD 111694 · SEC 801-57260

ENVESTNET PORTFOLIO SOLUTIONS, INC.
CRD 109662 · SEC 801-43579

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

INNOVIA WEALTH, LLC
CRD 289913 · SEC 801-112177

INTEGRATED ADVISORS NETWORK LLC
CRD 171991 · SEC 801-96203

MADISON WEALTH MANAGEMENT
CRD 111728 · SEC 801-60390

MODERA WEALTH MANAGEMENT, LLC
CRD 155649 · SEC 801-71973

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 801-7163

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-1695354023

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
I Capital Pe Gp, Llc	Promoter
Justin Lioi	Executive
Michael Stanton	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Icapital Pe Gp, Llc 60 East 42 Nd Street, 26 Th Floor
New York, NY, 10165