CL Advisors - DII LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Sep 19, 2025, it has sold $1,585,000 of interests to 17 investors since its first sale in Aug 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Sebastian Evans.
- Total raised
- $1,585,000Cumulative sales reported on Form D
- Investors
- 17
- First sale
- Aug 25, 2025
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sebastian Evans
- Latest Form D
- Sep 19, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about CL Advisors - DII LP
What is the minimum investment for CL Advisors - DII LP?
CL Advisors - DII LP's latest Form D, filed Sep 19, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in CL Advisors - DII LP?
CL Advisors - DII LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has CL Advisors - DII LP raised?
CL Advisors - DII LP reports $1,585,000 sold from 17 investors on its Form D filed Sep 19, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is CL Advisors - DII LP based?
CL Advisors - DII LP is based in San Francisco, California.
When did CL Advisors - DII LP launch?
CL Advisors - DII LP reports its first sale in Aug 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 54% of the 2,268 venture capital funds based in California, and more than 68% of all 15,160 that report sales.