CL Advisors - DVI LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Oct 21, 2025, it has sold $3,864,461 of interests to 27 investors since its first sale in Sep 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
- $3,864,461Cumulative sales reported on Form D
- Investors
- 27
- First sale
- Sep 9, 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
- Oct 21, 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 - DVI LP
What is the minimum investment for CL Advisors - DVI LP?
CL Advisors - DVI LP's latest Form D, filed Oct 21, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in CL Advisors - DVI LP?
CL Advisors - DVI 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 - DVI LP raised?
CL Advisors - DVI LP reports $3,864,461 sold from 27 investors on its Form D filed Oct 21, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is CL Advisors - DVI LP based?
CL Advisors - DVI LP is based in San Francisco, California.
When did CL Advisors - DVI LP launch?
CL Advisors - DVI LP reports its first sale in Sep 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 64% of the 2,268 venture capital funds based in California, and more than 79% of all 15,160 that report sales.