Form D · Private Equity Fund

Unless Ventures LP

Boulder, CO · CIK 0001906253

Offering snapshot reported Jan 2, 2026 · SEC filing

Reported sold
$145M
Indefinite offering
Investors reported
64
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Feb 17, 2022
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$72.5M$145MFeb 18, 2022: $12,800,000.00Feb 18, 2022Oct 4, 2022: $43,325,000.00Jan 12, 2023: $58,825,000.00Jan 12, 2023Jan 3, 2024: $90,639,513.00Jan 3, 2024Jan 7, 2025: $90,639,513.00Jan 7, 2025Jan 2, 2026: $145,023,333.00Jan 2, 2026

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$90,639,513 → $145,023,333
  • Reported investors58 → 64

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jan 2, 2026Amendment$145,023,333$54,383,820vs Jan 7, 202564SEC filing
Jan 7, 2025Amendment$90,639,513$77,839,513vs Feb 18, 202258SEC filing
Jan 3, 2024Amendment$90,639,513$77,839,513vs Feb 18, 202259SEC filing
Jan 12, 2023Amendment$58,825,000$15,500,000vs Oct 4, 202252SEC filing
Oct 4, 2022Amendment$43,325,000$30,525,000vs Feb 18, 202246SEC filing
Feb 18, 2022Initial$12,800,000No comparison2SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$274K
Finders' fees
$0
Form D file number
021-434162

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Butler Capital Investments, LLC114242
Capital Connect, LLC329399

Source: Form D, filed Jan 2, 2026. 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

UNLESS VENTURES LP

Investment adviser: UNLESS MANAGEMENT LP

Gross asset value
$220M
Beneficial owners
68
ADV minimum commitment
$0

Reported in Form ADV on Jul 17, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator APEX FUND SERVICES (INDIANA) INC. EVANSVILLE, Indiana, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO USA LLP DENVER, Colorado, United States
Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No
Marketer BUTLER CAPITAL PARTNERS OYSTER BAY, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

BDO USA LLP
PCAOB 243

INTERACTIVE BROKERS LLC
SEC 8-47257

BUTLER CAPITAL PARTNERS
CRD 114242 · SEC 8-53413

Filing source

Form ADV 2118454 · Jul 17, 2026 · Schedule D 7.B.(1), fund 805-6025390004

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

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
NameReported role
Aaron Marsh Executive
David Mindell Executive
Patricia Rogers Executive
N/A Unless Management Lp Promoter
Trevor Zimmerman Director, Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
1023 Walnut Street Suite 100
Boulder, CO, 80302