Form D · Venture Capital Fund

Velvet Sea Venture Capital Fund LP

Birmingham, MI · CIK 0001812041

Offering snapshot reported Aug 16, 2021 · SEC filing

Reported sold: $90.8M
Investors reported: 46
Minimum accepted: $250K
First sale: Jul 27, 2020

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$53,450,000 → $90,800,000
Reported investors29 → 46

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 16, 2021	Amendment	$90,800,000	$37,350,000vs Jul 31, 2020	46	SEC filing
Jul 31, 2020	Initial	$53,450,000	No comparison	29	SEC 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: 021-372197

Source: Form D, filed Aug 16, 2021. 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

VELVET SEA VENTURE CAPITAL FUND LP

Investment adviser: VSV MANAGEMENT, LLC

Gross asset value: $88.3M
Beneficial owners: 50
ADV minimum commitment: $250K

Reported in Form ADV on Apr 9, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor PLANTE MORAN PLLC AUBURN HILLS, Michigan, United States

Custodian FLAGSTAR BANK NEW YORK, New York, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

PLANTE MORAN PLLC
PCAOB 166

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Filing source

Form ADV 2093415 · Apr 9, 2026 · Schedule D 7.B.(1), fund 805-2740759609

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
Velvet Sea Venture Capital Fund LP (this fund)	Aug 16, 2021	$90,800,000	46
Velvet Sea Venture Capital Fund II, LP	Nov 29, 2021	$69,100,000	46

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
John Giampetroni	Director, Executive
Matthew Giampetroni	Director, Executive
Michael Lazerow	Director, Executive
Kathryn Lazerow	Director, Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

260 East Brown Street Suite 380
Birmingham, MI, 48009