Twelve Below
Twelve Below last closed a fund in March 2026 — 8 months ago. By its own rhythm, that is not yet halfway to the next one.
Twelve Below has raised 3 times about every 28 months. The last was Twelve Below III LP. That points to Jul 2028.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 4
- Capital raised
- not stated
- Latest close
- March 2026
- Based in
- NY
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Twelve Below III LP | March 2026 | not stated | 0002117219 ↗ |
| Twelve Below Twilight LP | March 2023 | not stated | 0001967757 ↗ |
| Twelve Below II LP | March 2023 | not stated | 0001967840 ↗ |
| Twelve Below I LP | July 2021 | not stated | 0001874149 ↗ |
4 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
Byron Ling
What Twelve Below invests in
- Says it invests at
- Series A
- Website
- twelvebelow.co
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Aduro (2 funds)
- Auditor
- BDO (2 funds)
From Form ADV filed by TWELVE BELOW LLC CRD 318447 ↗, 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.