Tcv
Partnering with exceptional teams to build category-defining technology companies
- Regulatory AUM
- $23B
- PE fund assets
- $23B
- PE funds
- 34
- Portfolio companies
- 169
- Deals, last 12 months
- 2
97 additional team members, 21 additional counterparties and placement agents, 209 additional funds, deals and LP commitments, 20 events
Every relationship, signal and contact on this record, with the source on each.
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Nothing material in the last 180 days. Last change: Mar 27, 2026, Private equity funds on its Form ADV went from 30 to 34 (+4).
People to know
View all 87 people- General PartnerWhy: General partner: carries the investment decisionProfile
- Partner, Data Intelligence GroupWhy: Partner: part of the investment decisionProfile
- PartnerWhy: Partner: part of the investment decisionProfile
Capital path
who backs this record, through what, into what; each name opens its own path- Washington State Investment Board$800M disclosed
- California State Teachers' Retirement System$488M disclosed
- California Public Employees' Retirement System$418M disclosed
- Rede Partners (americas) LLCplacement agent, 11 shared
- Goldman Sachs & Co. LLCplacement agent, 8 shared
- Rede Partners LLPplacement agent, 6 shared
Relationship network
278 connected entities14 observed deals5 repeat counterparties2 dated deals shown here, 2026
From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.
38 mentions in the sources could not be matched to a firm or person, so they are held back from the picture and its summary.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.
- Company
- Service provider
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
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Classification, Form ADV and stated criteria
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisBuyout firm · 2 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- 34 of 48 distinct vehicles are sworn Private Equity Funds; 34 reported gross assets on a filing in 2022 or later
- Size band
- Upper middle marketdefined by: proxy: $22.51bn Private Equity Fund GAV on the Form ADV filed 2026-03-27
Classification history (2)
- Sep 23, 2026Buyout firm (confirmed, 85%)34 of 48 distinct vehicles are sworn Private Equity Funds; 34 reported gross assets on a filing in 2022 or later
- Sep 13, 2026Buyout firm (confirmed, 85%)30 of 44 distinct vehicles are sworn Private Equity Funds; 30 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)RAUM $23B · 34 PE funds · filed Mar 27, 2026ShowHide
- Adviser type
- Registered investment adviser
- Form ADV filings
- Feb 13, 2012 to Mar 27, 2026
- RAUM
- $23Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 34
- PE fund GAV, latest filing
- $23Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $23Bevery private fund type, latest filing
- 2024 PE fund GAV
- $23Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 71%
- Fund type mix
- Private equity fund: 34 funds, $23B reported gross assets
- Venture capital fund: 14 ever reported
- Employees
- 85
- Headquarters
- Menlo Park, CA
Stated criteria beside observed behaviour2 of 8 criteria stated · 169 observed dealsShowHide
- Sectors
- Technology
- Geography
- not stated or not yet read
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- We seek to partner with mission-driven teams and empower our partners around the world to achieve market-leading scale and financial performance through their growth journey.
- On record
- 169 companies, 170 holdings, 14 transactions
- Period
- 2011 to 2026 (44 dated observations, 133 holdings undated)
- Most deals
- Software (17 of 169, e.g. Roofr and Nasuni), financial services (6 of 169), media telecom (3 of 169) and 3 more
- Subsectors
- Software (10 of 169), financial services (6 of 169), media telecom (3 of 169), K12 education software (3 of 169) and 4 more
- Deal roles
- 3 platforms, 9 add-ons, 15 minority stakes, 143 with role not stated
- Add-ons per platform
- 3 add-ons per platform
- Control
- 9 control, 15 minority, 146 not stated
- Where
- Ca (8 of 169), il (3 of 169), ny (2 of 169), va (1 of 169), id (1 of 169) and 3 more
- By year
- 2023: 1 add-on; 2025: 3 add-ons, 1 other deal; 2026: 2 add-ons
- Repeat counterparties
- a financial adviser on 2 deals
169 companies on the graph (14 transactions); most in software (17); 3 platforms and 9 add-ons; observed 2011 to 2026
Funds
How vehicles are groupedFeeders, parallels, executive funds, alternative investment vehicles and lettered sleeves are folded under the fund they belong to, read from the vehicle names. Deal-by-deal co-investment vehicles are pooled. Current funds come first: families are ordered by vintage, newest first, among those holding at least a twentieth of the largest family’s assets, then by size. The figure is the sum of each vehicle’s latest reported gross assets on Form ADV, not a fund size.TCV XII · 3 vehicles · vintage 2022$3.4B
- TCV XII Buyout or unlabelled · 2022$1.9B
- TCV XII (a) Buyout or unlabelled · 2022$1.0B
- TCV XII (lux) Buyout or unlabelled · 2022$502M
People
Where the people come fromEach row names its source in short; hover the source for its full description. Sources on this list: Investment organization websites (team, portfolio, strategy, criteria, news). A person named by two sources under two spellings is shown once, with both sources.- Amol Helekar · General PartnerWhy this person: General partner: carries the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (firm website), confirmed 2026-09-13, confidence 90%
- Aaron Ford · Partner, Data Intelligence GroupWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
- Alexander Wortmann · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-11-10LinkedIn or profile link on file (firm website), confirmed 2026-09-13, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Deals
How deals are mergedOne row per deal. A portfolio relationship and a transaction that describe the same deal (the same transaction, or the same company on the same date) are printed once, with the columns of both. 170 portfolio relationships and 15 transactions are on this record.| Date | Company | Deal | This firm’s role | Status | Partner | Source |
|---|---|---|---|---|---|---|
| May 6, 2026 venture round | Corgi | Portfolio relationship | Minority | unknown not confirmed current | unknown | Fact DFX cross-reference |
| Mar 4, 2026 | EveryDay Labs add-on to Newsela | Add-on acquisition | Sponsor (derived) | unknown not confirmed current, last confirmed Mar 4, 2026 | unknown | newsela.com |
| Jan 20, 2026 | Schoolytics add-on to Newsela | Add-on acquisition | Sponsor (derived) | unknown not confirmed current, last confirmed Jan 20, 2026 | unknown | newsela.com |
This is a preview of the 3 newest deals. DFX holds 15 announced transactions naming this firm, dated 2023 to 2026; the rest of the history is not shown here. Private Equity Intelligence opens the rest of this record's rows.
Portfolio credit
Where these figures come fromPortfolio companies matched to a BDC borrower by an identity-graded bridge, read from each BDC’s own schedule of investments: the lenders’ marks, their accrual footnotes, PIK and maturities. Observed, never forecast. Firms whose own BDC lends to the company are left out.- Principal held
- n/a
- Weighted mark
- Not measured yet
- Non-accrual now
- 0
- 0 placed at Sep 30, 2026
- Marked down
- Not measured yet
- Maturing in 12 months
- 0
- none stated
- 1 portfolio company on a BDC schedule at Sep 30, 2026: 0 with ownership stated current, 1 listed on a portfolio page with no date or status.
Show the credit outlook: 1 borrowers, 8 quartersas of Sep 30, 2026
1 borrower is in every figure above and named with Private Credit Intelligence.
| Quarter end | Held | Principal | Non-accrual placed | PIK added or up |
|---|---|---|---|---|
| Dec 31, 2024 | 1 | $316M | 0 | 0 |
| Mar 31, 2025 | 1 | $163M | 0 | 0 |
| Jun 30, 2025 | 1 | $164M | 0 | 0 |
| Sep 30, 2025 | 1 | $84.6M | 0 | 0 |
| Dec 31, 2025 | 1 | $55.8M | 0 | 0 |
| Mar 31, 2026 | 1 | $52.0M | 0 | 0 |
| Jun 30, 2026 | 1 | $46.9M | 0 | 0 |
| Sep 30, 2026 | 1 | n/a | 0 | 0 |
A look back at today’s portfolio companies, not a record of what the sponsor owned then.
- Non-accrual is read from the BDC's own footnote, never inferred from a mark. PIK is interest the borrower pays in more debt rather than cash.
- No forecast is made here. DFX does not publish a default or distress prediction for a sponsor.
Population: portfolio companies matched to a BDC borrower by an identity-graded bridge, on a BDC schedule of investments at Sep 30, 2026, ownership not recorded as exited. Firms whose own BDC lends to the company, and private credit managers, are left out: that is lending, not ownership. Principal and accrual status are the BDCs' own filed figures; the quarter before is Jun 30, 2026.
Placement agents, lenders, advisers and co-investors
- Rede Partners (americas) LLC 11 shared · very strong · last Jan 1, 2023
- Goldman Sachs & Co. LLC 8 shared · very strong · last Jan 1, 2024
- Rede Partners LLP 6 shared · very strong · last Jan 1, 2022
Placement agents by fund generation
| Agent | Funds | Years | Strategies | Latest generation |
|---|---|---|---|---|
| Rede Partners (americas) LLC | 11 | vintages 2021 to 2022 | not stated | on it |
| Goldman Sachs & Co. LLC | 8 | vintages 2021 to 2022 | not stated | on it |
| Link Capital Partners Distribucion Spa | 6 | vintages 2021 to 2022 | not stated | on it |
From Form ADV Schedule D, which names the placement agents on each private fund an adviser reports, year by year.
LP commitments
How LPs are totalledOne line per LP, largest disclosed total first. A commitment that the same LP reports again in a later document is counted once in its total; both documents stay in the full list. Rows repeated line for line from one document are shown once.- 4 commitments to 4 funds · $800M disclosed
- 3 commitments to 3 funds · $488M disclosed
- 2 commitments to 2 funds · $418M disclosed
Events
- Mar 27, 2026Tcv: Private Equity Funds on Form ADV 30 (2024 extract) -> 34 (roster 2026-09-01)
Tcv is the same institution as 4 records in Independent Sponsors, RIA and Wealth, Venture Capital and Allocators.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Connected records
Portfolio companies
- Corgi (since 2026)
- EveryDay Labs (since 2026)
- Schoolytics (since 2026)
171 more on this record
Funds
- TCV Xii (a), L.P. (vintage 2022)
- TCV Xii (lux), Scsp (vintage 2022)
- TCV Xii, L.P. (vintage 2022)
31 more on this record
Limited partners
- California Public Employees' Retirement System
- California State Teachers' Retirement System
- Washington State Investment Board
6 more on this record
Ranked on
- Private equity buyers of cybersecurity companies (#10 by deals)
Tcv sits on 110 traced paths of capital across the graphs.
DFX traced 110 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- PE fund count changed2026-03-27source on record
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
+22 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.