Blue Opal Capital is a New York investment manager that backs emerging venture capital funds, acquires stakes in fund managers and makes co-investments. Its fund-of-funds platform selects entrepreneurial venture managers, particularly in the United States, to gain exposure to early-stage technology companies. The firm also pursues private equity opportunities and operates with partners in New York, Miami and Abu Dhabi.
Founded
2019
Type
Venture capital
Funds4
VC AI 1, LP$1M
Delaware venture capital investment vehicle advised by Blue Opal Capital and managed by VC AI 1 GP, LLC. Its initial SEC Form D, filed 1 April 2026, reports a fully subscribed USD1,218,660 offering, nine investors and first sale on 1 April 2025. The filing identifies the vehicle as a venture capital fund. Its specific investment strategy and portfolio companies have not been publicly verified. The reported offering amount differs from its subsequent gross asset value.
VC AI 2, LP$2M
Delaware venture capital investment vehicle advised by Blue Opal Capital and managed by VC AI 2 GP, LLC. Its initial SEC Form D, filed 1 April 2026, reports a fully subscribed USD2.2m offering to one investor and first sale on 27 August 2025. The filing identifies the vehicle as a venture capital fund. Its specific investment strategy and portfolio companies have not been publicly verified. The reported offering amount differs from its subsequent gross asset value.
BOC Ventures Fund III, LP—
Blue Opal Capital venture investment vehicle continuing its programme of backing emerging U.S. venture capital managers and acquiring minority interests in management firms. The Delaware vehicle was formed in 2025 and initially filed its offering on 28 August 2025; first sale occurred on 30 October 2025. Its 22 September 2026 Form D reports USD14.5m of Regulation D subscriptions and USD71.13m of combined Regulation D and Regulation S subscriptions against a USD200m offering. Fundraising remains open; these subscriptions and the target are not a final fund close. Its offshore feeder is BOC Ventures Fund III - Offshore LP.
BOC Ventures Fund II, LP—
Blue Opal Capital’s second venture capital fund, backing emerging venture managers and co-investment opportunities, particularly in the United States. Mubadala Investment Company announced its anchor commitment on 13 March 2024. The Delaware master vehicle was formed in 2022 and first sold interests on 9 February 2024. Its March 2025 Form D reports a USD150m offering target and USD6.95m of U.S. subscriptions only, excluding Regulation S sales; neither number establishes the total final fund size. Its offshore feeder is BOC Ventures Fund II Offshore LP.
