| Fund ID | 805-2177975727 |
| Fund type | Venture Capital Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| 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 |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 68% |
| Owned by the adviser or related persons | 1% |
| Owned by funds of funds | 32% |
| Owned by non-U.S. persons | 3% |
| Fund | Type | Gross assets |
|---|---|---|
| Variant Opportunity Fund, L.P. | Venture Capital | $530.8M |
| Variant Fund II, LP | Venture Capital | $233.8M |
| Variant Fund III, L.P. | Venture Capital | $166.6M |
Variant Fund, L.P. reports $139.1 million in gross assets, among the top 37% of private funds by size.
The stated minimum investment is $5,000.
Variant Fund, 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.