Valor Equity Partners VII Reports $3.29 Billion Sold a Year After First Sale, Against Fund VI's $1.48 Billion at Its First Annual Amendment

Valor Equity Partners VII, the seventh flagship fund of Chicago-based Valor Equity Partners, reported $3,291,922,500 of interests sold across its three parallel partnerships in Form D amendments filed November 3, 2026, a year after its first sale. At the same point in its life, Valor's Fund VI reported $1,483,658,000, so Fund VII's figure is 2.2 times its predecessor's. Fund VI's partnerships reported $2,214,878,000 a year later, in March 2024; Fund VII's figure is 48.6% above that too.

What the filings show

Each of the three notices reports the same $3,291,922,500 and explains it in Item 13: the total amount sold "is aggregated between the Issuer and its related parallel funds." Each then states the partnership's own amount: $1,889,887,500 for Valor Equity Partners VII L.P., $1,401,735,000 for VII-B L.P. and $300,000 for VII-A L.P., which together equal the aggregate. Investor counts are per partnership: 1,476, 278 and 1. Fund VI's notices used the same aggregate-and-allocation format.

All three partnerships are Delaware limited partnerships based in Chicago, organized in 2025 and filed as private equity funds under Rule 506(b) with the Investment Company Act exclusions in Sections 3(c)(1) and 3(c)(7). Their original notices, filed November 3, 2025, reported no sales; the amendments give November 5, 2025 as the date of first sale and list the offering amount as indefinite. Sales commissions and finder's fees are each estimated at $0, and Item 16 says the general partner's carried interest and the adviser's management fee are set out in the confidential offering materials. The lists of firms receiving sales compensation differ by partnership: VII names J.P. Morgan Securities LLC, iCapital Markets LLC, Morgan Stanley Smith Barney, LLC, Rockefeller Financial LLC, Compass Group Global Advisors S.A. and four others; VII-A omits Morgan Stanley; VII-B adds UBS Switzerland AG.

Fund VI and Fund VII side by side, from each partnership's notices:

Feeder funds

Three other vehicles named for Fund VII have filed their own Form Ds, and their sales are reported separately. SFG Valor Equity Partners VII, LP reported $23,505,000 sold to 92 investors, with a $50,000 minimum, on August 11, 2026. iCapital-Valor Equity Partners VII Access Fund, L.P. (May 19, 2026) and iCapital-Valor Equity Partners VII Offshore Access Fund, L.P. (July 15, 2026) filed original notices with no sales yet. The Fund VII notices do not name these feeders, so whether the SFG amount is part of the $3.29 billion aggregate cannot be verified from the filings.

What the filings do not show

A Form D reports interests sold, which for a private equity fund is generally commitments rather than capital called, and it does not say whether the fund has held a final close or what its target is. Fund VI's figures are from its last notices on EDGAR, in March 2024; they may not be its final committed capital.