Private Capital Intelligence
Every Reg D and Reg CF offering filed with the SEC: who is raising, under which statutory exemption, and in which sector. Feeder-entity filings resolved into singular economic raises so market totals reflect genuine capital formation.
Private raises are not monolithic. Rule 506(b) conceals rounds behind private networks, Rule 506(c) permits public advertising to accredited buyers, and Reg CF opens allocations to everyday investors. Convexity indexes each under its specific regulatory parameters.
Institutional private funds and venture rounds almost never file through a single legal entity. A standard $50M capital raise commonly files separate Form D submissions for a Delaware Master Fund, a Cayman Offshore Feeder, and an Onshore Qualified Purchaser Feeder.
Naive scrapers sum the filings, reporting $110M in private fundraising where only $50M of capital was created. Convexity parses Item 2 (Principal Place of Business), Item 3 (Related Persons), and Item 13 (Offering Amounts) to identify feeder conduits and parallel vehicles, folding duplicate capital into a singular economic event.
When entity filings share beneficial managers, identical filing dates, and interrelated offering schedules, the master vehicle is established as primary and conduit feeder forms are tagged as folded allocations.
Convexity does not rely on third-party scrapers or delayed press releases. We ingest SEC EDGAR Form D and Form C XML feeds directly, extracting statutory line items within thirty seconds of dissemination.
Private fundraising acts as an institutional leading indicator. Long before venture backed breakthroughs announce public partnerships or file Form S-1 registration statements, capital commitments surface on Form D.
Convexity categorizes filings across 16 primary sectors, tracking median check sizes, aggregate velocity, and round size distributions across trailing 30, 90, and 365-day rolling windows.
Figures derived from clean deduplicated filings. Excludes parallel feeder filings and fund-of-funds recirculations.
Whether you are tracking private AI infrastructure spending to calibrate public semiconductor demand or monitoring early-stage robotics rounds, Convexity provides an uncorrupted private tape.
Illustrative sample data over a trailing window. All metrics derived from verified SEC EDGAR Form D and Form C XML filings under the Convexity DataEnvelope contract.
Private Capital Intelligence is built into the Convexity terminal. Track Reg D and Reg CF filings side by side with real-time Form 4 insider flow and public earnings transcripts.
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