Form D · Venture Capital Fund

Updata Partners V, L.P.

Washington, DC · CIK 0001628239

Offering snapshot reported Jun 30, 2016 · SEC filing

Reported sold
$281M
Offering amount: $281M
Investors reported
7
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Dec 18, 2014
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$140M$281MDec 17, 2014Mar 17, 2016: $160,000,000.00Mar 17, 2016Jun 30, 2016: $280,612,000.00Jun 30, 2016

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$160,000,000 → $280,612,000
  • Reported investors4 → 7

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jun 30, 2016Amendment$280,612,000$120,612,000vs Mar 17, 20167SEC filing
Mar 17, 2016Amendment$160,000,000No comparison4SEC filing
Dec 17, 2014InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$3.75M (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-230341
Total offering amount and total amount sold includes $5,612,000 from the General Partner.
Amount to be paid determined on closing based on a percentage of capital raised.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Probitas Funds Group LLC115876

Source: Form D, filed Jun 30, 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

UPDATA PARTNERS V, L.P.

Investment adviser: UPDATA MANAGEMENT, LLC

Gross asset value
$292M
Beneficial owners
8
ADV minimum commitment
$5M

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

Service providers

Auditor ERNST & YOUNG LLP MCLEAN, Virginia, United States
Custodian BANC OF CALIFORNIA DURHAM, North Carolina, United States Related to adviser: No
Custodian SILICON VALLEY BANK - A DIVISION OF FIRST CITIZENS BANK SANTA CLARA, California, United States Related to adviser: No
Marketer PROBITAS FUNDS GROUP, LLC SAN FRANCISCO, California, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

ERNST & YOUNG LLP
PCAOB 42

PROBITAS FUNDS GROUP, LLC
CRD 115876 · SEC 8-53512

Filing source

Form ADV 2083603 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-8963290400

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
Barry Goldsmith Executive
Carter Griffin Executive
Jonathan Seeber Executive
James Socas Executive
N/A Updata Associates V, L.P. Executive
N/A Upgp V, Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
2099 Pennsylvania Ave Nw Suite 851
Washington, DC, 20006