BlueCross BlueShield Venture Partners
BlueCross BlueShield Venture Partners last closed a fund in August 2022 — 51 months ago.
It raises on several lines, too close together for one rhythm. No month is guessed; the filing will say.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
Still filing with the SEC: August 2025. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 5
- Capital raised
- $559M+
- Latest close
- August 2022
- Based in
- IL
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| BlueCross BlueShield Venture Partners V, LLC | August 2022 | $370M | 0001942561 ↗ |
| BLUECROSS BLUESHIELD VENTURE PARTNERS III, LLC | December 2015 | $10M | 0001662877 ↗ |
| BLUECROSS BLUESHIELD VENTURE PARTNERS II, L.P. | March 2011 | $177M | 0001517080 ↗ |
| BLUECROSS BLUESHIELD VENTURES II, INC. | March 2011 | $2M | 0001517079 ↗ |
| BlueCross BlueShield Venture Partners IV, LLC | — | not stated | 0001806024 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
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
John Banta, Robert Kolodgy, Brad Lubrand, Scott Nehs, Alan Krigstein, Bruce Sickel, Bryan Camerlinck, Byler Kerry
What BlueCross BlueShield Venture Partners invests in
- Typical fund
- $177M median, early stage, Series A-B scale
- Website
- sandboxindustries.com
Service providers
- Fund administrator
- Ultimus LeverPoint (4 funds)
- Auditor
- Plante Moran (4 funds)
From Form ADV filed by 213 MANAGEMENT, LLC CRD 300952 ↗, latest filing March 2026, covering 4 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.