Builders
Builders last closed a fund in June 2024 — 29 months ago. By its own rhythm, that is already past its usual gap.
Builders has raised 4 times about every 25 months. The last was GP Builders Fund II, LP. That pointed to Jul 2026. It is 4 months past its own gap and has not filed a new fund.
Historically about 1 in 4 firms in this position 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
- $146M+
- Latest close
- June 2024
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| GP Builders Fund II, LP | June 2024 | not stated | 0002019235 ↗ |
| GP Builders Fund, LP | May 2022 | not stated | 0001928134 ↗ |
| BUILDERS FUND II LP | November 2020 | $21M | 0001819051 ↗ |
| Builders Fund LP | October 2014 | $125M | 0001595804 ↗ |
2 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
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
Tripp Baird, Daniel Portillo, Phineas Barnes, Vishal Vasishth
What Builders invests in
- Typical fund
- $125M median, early stage, Series A-B scale
- Website
- thebuildersfund.com
Service providers
- Fund administrator
- NAV Consulting (2 funds), JOHN W RYAN (2 funds)
- Auditor
- Moss Adams (2 funds)
From Form ADV filed by THE GP MANAGER, LLC CRD 321178 ↗, 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.