Blue Delta Capital
Blue Delta Capital last closed a fund in July 2024 — 28 months ago. By its own rhythm, that is not yet halfway to the next one.
Blue Delta Capital has raised 3 times about every 59 months. The last was Blue Delta Capital Fund IV, LP. That points to Jun 2029.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 4
- Capital raised
- $665M
- Latest close
- July 2024
- Based in
- VA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Blue Delta Capital Fund IV, LP | July 2024 | $250M | 0002029873 ↗ |
| Blue Delta Capital Fund III, LP | December 2021 | $215M | 0001896814 ↗ |
| Blue Delta Capital Fund, LP | October 2014 | $75M | 0001620422 ↗ |
| Blue Delta Capital Fund II, LP | — | $125M | 0001781381 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Mark Frantz, Kevin Robbins, Philip Nolan, Dave Keffer, Keven Robbins, Phil Nolan
What Blue Delta Capital invests in
- Typical fund
- $215M median, early stage, Series A-B scale
Service providers
- Fund administrator
- Anderson Tax (2 funds)
- Auditor
- RSM (2 funds)
From Form ADV filed by BLUE DELTA CAPITAL PARTNERS, LLC CRD 283199 ↗, latest filing March 2026, covering 2 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.