Borderless Capital
QuietFiled to raiseClermont, FLLast fund filed 2025
3 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Borderless Venture Fund (US) | August 2025 | $150M | $5M | 1 |
| Borderless Venture Fund (non-US)Filed to raise in 2025, with no closing reported yet. | 2025 | $150M | $0 | 0 |
| Borderless DePIN Fund III (US) | July 2024 | $100M | $8M | 14 |
| Borderless Liquid Multi Strategy Fund (US)Filed to raise in 2023, with no closing reported yet. | 2023 | Indefinite | $0 | 0 |
| Borderless xChain Fund (US)Filed to raise in 2023, with no closing reported yet. | 2023 | Indefinite | $0 | 0 |
| Borderless HNT Fund II (US)Filed to raise in 2022, with no closing reported yet. | 2022 | Indefinite | $0 | 0 |
| Borderless Planets Fund | November 2021 | $10M | $10M | 28 |
| HNT Multi Strategy Fund I | February 2021 | $10M | $10M | 22 |
| Borderless ALGO Fund II (US)Filed to raise in 2021, with no closing reported yet. | 2021 | Indefinite | $0 | 0 |
| Borderless Payments I | October 2020 | $1.4M | $1.4M | 16 |
| Algo Tracker Fund | June 2019 | Indefinite | $3.8M | 21 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
6 partners are named across this firm’s filings, 3 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Alvaro GarciaNot on the current fund | Quiet | None listed | 0 | 0 |
| Arul Murugan | Quiet | None listed | 9 | 0 |
| David Garcia | Quiet | None listed | 6 | 0 |
| Pablo YaboNot on the current fund | Quiet | None listed | 0 | 0 |
| Patrick O'Kain | Quiet | None listed | 0 | 0 |
| Sean CareyNot on the current fund | Quiet | None listed | 0 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Too few companies classified yet to infer a focus. 0 of 14 portfolio companies are classified.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Borderless Capital’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
No other firm shares a filed board seat with Borderless Capital yet. That is a gap in what we have read, not a claim that Borderless Capital invests alone.
A shared board seat: a company where filings name a Borderless Capital partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.