Torch Capital
Torch Capital last closed a fund in April 2024 — 31 months ago. By its own rhythm, that is inside the window where it usually raises again.
Torch Capital has raised 3 times about every 35 months. The last was Torch Capital III, L.P. That points to Mar 2027 — it is inside its window now.
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.
Still filing with the SEC: April 2026. 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
- 4
- Single-deal SPVs
- 22
- Capital raised
- $379M
- Latest close
- April 2024
- Based in
- DE, NY
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Torch Capital III, L.P. | April 2024 | $125M | 0001986251 ↗ |
| Torch Select Opportunity I, L.P. | July 2021 | $88M | 0001873924 ↗ |
| Torch Capital II, L.P. | December 2020 | $106M | 0001830010 ↗ |
| Torch Capital I, L.P. | June 2018 | $60M | 0001743647 ↗ |
| Torch Opportunity II LLC - Investment Series 8 | February 2026 | $13M | 0002129197 ↗ |
| Torch Opportunity II LLC - Investment Series 7 | January 2026 | $8M | 0002080993 ↗ |
| Torch Opportunity II LLC - Investment Series 6 | July 2025 | $3M | 0002081035 ↗ |
| Torch Opportunity II LLC - Investment Series 5 | December 2024 | $2M | 0002074352 ↗ |
| Torch Opportunity II LLC - Investment Series 4 | November 2024 | $3M | 0002074356 ↗ |
| Torch Opportunity II LLC - Investment Series 3 | March 2024 | $912,250 | 0002074357 ↗ |
| Torch Opportunity II LLC - Investment Series 2 | December 2022 | $3M | 0001971590 ↗ |
| Torch Opportunity II LLC - Investment Series 1 | November 2022 | $3M | 0001947287 ↗ |
| Torch Opportunity I LLC - Investment Series 14 | March 2022 | $633,587 | 0001937519 ↗ |
| Torch Opportunity I LLC - Investment Series 13 | March 2022 | $7M | 0001937518 ↗ |
| Torch Opportunity I LLC - Investment Series 12 | November 2021 | $6M | 0001902784 ↗ |
| Torch Opportunity I LLC - Investment Series 11 | June 2021 | $5M | 0001872058 ↗ |
| Torch Opportunity I LLC - Investment Series 10 | March 2021 | $2M | 0001852872 ↗ |
| Torch Opportunity I LLC - Investment Series 9 | March 2021 | $17M | 0001852725 ↗ |
| Torch Opportunity I LLC - Investment Series 8 | February 2021 | $5M | 0001849263 ↗ |
| Torch Opportunity I LLC - Investment Series 7 | January 2021 | $3M | 0001841572 ↗ |
| Torch Opportunity I LLC - Investment Series 6 | September 2020 | $3M | 0001824730 ↗ |
| Torch Opportunity I LLC - Investment Series 5 | June 2020 | $5M | 0001815143 ↗ |
| Torch Opportunity I LLC - Investment Series 4 | May 2020 | $14M | 0001812088 ↗ |
| Torch Opportunity I LLC - Investment Series 3 | September 2019 | $10M | 0001790241 ↗ |
| Torch Opportunity I LLC - Investment Series 2 | July 2019 | $2M | 0001781729 ↗ |
| Torch Opportunity I LLC - Investment Series 1 | February 2019 | $24M | 0001769293 ↗ |
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
Jonathan Keidan
What Torch Capital invests in
- Typical fund
- $106M median, early stage, Series A-B scale
- Website
- torchcapital.vc
Service providers
- Fund administrator
- Aduro (3 funds)
- Auditor
- Withum (3 funds)
From Form ADV filed by KEIDAN MANAGEMENT INC. CRD 311075 ↗, latest filing March 2026, covering 3 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.