| Fund ID | 805-4690523021 |
| Fund type | Venture Capital Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 47% |
| Owned by the adviser or related persons | 1% |
| Owned by funds of funds | 34% |
| Owned by non-U.S. persons | 2% |
| Fund | Type | Gross assets |
|---|---|---|
| Variant Opportunity Fund, L.P. | Venture Capital | $530.8M |
| Variant Fund II, LP | Venture Capital | $233.8M |
| Variant Fund, L.P. | Venture Capital | $139.1M |
Variant Fund III, L.P. reports $166.6 million in gross assets, among the top 33% of private funds by size.
The stated minimum investment is $8,000.
Variant Fund III, L.P. is managed by Unofficial Management, Inc.
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.