Horsley Bridge Partners LLC

Multi-stage venture firmSEC-registered adviserClassification probable· San Francisco, CaliforniaHORSLEYBRIDGE.COM

Horsley Bridge Partners has been investing with the world’s leading private equity funds since 1983. Private equity fund of funds specializing in technology venture capital and growth buyout.

In the firm's own words, from its website.

Reported fund assets
$22B
sum of its funds' Form ADV filings, last 30 months
Investment team
7
Latest vintage
2024
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsFundsInvestmentsTeam (10)
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

9 additional team members, 52 additional investments, funds and LPs, 62 events, 6 verified contacts (5 professional url, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days.

People to know

View all people
  • Josh Freeman
    Managing Director
    Why: Managing director
    Profile
  • DU H. Chai
    Managing Director And Member
    Why: Managing director
    No route on file yet

Relationship network

60 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people 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.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Horsley Bridge Partners LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Horsley Bridge Partners LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

0 companies on record, 0 new in 12 months
Investments on record
0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
global
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

10 current, 6 departed
Decision makers
who to call first, and why; then everyone else by function
  • Josh Freeman · Managing Director
    Why this person: Managing director; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01
    LinkedIn or profile link on file (firm website), confirmed 2026-09-30, confidence 90%
  • DU H. Chai · Managing Director And Member
    Why this person: Managing director; Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Board, advisers and operating partners (1)
  • Joshua Daly Freeman · Managing Director And Trustee
    Why this person: Managing director; Named with investment responsibility

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. 1 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.

Investment team
10 current, 6 departed
6 departed (kept with end dates)
Contacts
1 firm phone, 5 professional url

1 firm phone, 5 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

40 vehicles, 0 LPs disclosed
Funds and vehicles
40 reported, 11 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Horsley Bridge Venture 15, L.P.Fund2024 adv first reportedEarly deployment$1.7B
Jun 17, 2026
72$1.4B
of $1.4B
Dec 5, 2023
Horsley Bridge Consolidation Fund, L.P.Fund2024 adv first reportedEarly deployment$774M
Jun 17, 2026
1unknownunknown
Horsley Bridge Venture 15 Feeder, L.P.Feeder or parallel2024 adv first reportedEarly deployment$249M
Jun 17, 2026
2unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
7 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
South Carolina Retirement System (SCRS)STATE RETIREMENT SYSTEMHorsley Bridge Gc, L.P.
amount not disclosed
reported as of Jun 30, 2025Fact Pension disclosure
South Carolina Retirement System (SCRS)STATE RETIREMENT SYSTEMHorsley Bridge Venture 14, L.P.
amount not disclosed
reported as of Jun 30, 2025Fact Pension disclosure
South Carolina Retirement System (SCRS)STATE RETIREMENT SYSTEMHorsley Bridge Venture 15, L.P.
amount not disclosed
committed Feb 12, 2024Fact Pension disclosure

Relationships across DFX

0 co-investors · on 4 other DFX graphs
Co-investors
0 counted from shared deals, for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Across DFX and the capital chainon 4 other DFX graphs · 4 capital paths Show
Across DFX
Across the graphs

Horsley Bridge Partners LLC is the same institution as 4 records in RIA and Wealth, Allocators, Independent Sponsors and Private Equity.

RIA and Wealth1Allocators1Independent Sponsors1Private Equity1

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.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Horsley Bridge Partners LLC sits on 4 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 4 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

67 dated events, 84 observations from 3 sources
Timeline
67 dated events
  1. Jun 17, 2026
    Horsley Bridge Growth 14 Feeder, L.P. first reported on Form ADV by Horsley Bridge Partners LLC (Private Equity Fund), GAV $109,784,088
    Fund first reported on Form ADVFundsInferenceHorsley Bridge Growth 14 Feeder, L.P.Form ADV
  2. Jun 17, 2026
    Horsley Bridge Growth 14-A, L.P. first reported on Form ADV by Horsley Bridge Partners LLC (Private Equity Fund), GAV $222,867,863
    Fund first reported on Form ADVFundsInferenceHorsley Bridge Growth 14-A, L.P.Form ADV
  3. Jun 17, 2026
    Horsley Bridge Strategic Fund 8, L.P. first reported on Form ADV by Horsley Bridge Partners LLC (Venture Capital Fund), GAV $104,833,502
    Fund first reported on Form ADVFundsInferenceHorsley Bridge Strategic Fund 8, L.P.Form ADV
  4. Jun 17, 2026
    Horsley Bridge Growth 14, L.P. first reported on Form ADV by Horsley Bridge Partners LLC (Private Equity Fund), GAV $140,143,335
    Fund first reported on Form ADVFundsInferenceHorsley Bridge Growth 14, L.P.Form ADV
  5. Mar 29, 2024
    Horsley Bridge Fund VI, L.P. no longer reported on Form ADV by Horsley Bridge Partners LLC
    Fund no longer reportedFundsInferenceHorsley Bridge Fund VI, L.P.Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 17, 2026 · 45 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
HORSLEYBRIDGE.COM
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Jun 17, 2026
Private funds reported
45 (28 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$25Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$24Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
45
Owners on Schedule A
Bush Family Trust (Member), owns 10% to 25%; Cottrill Family Revocable Trust U/d/t March 9, 2007 (Member), owns 10% to 25%; Joshua D. and Chelsea J. Freeman Family Revocable Trust U/d/t Dated July 22, 2005 (Member), owns 10% to 25%
Classification history
Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $21.6B
  2. Sep 15, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $23.4B
  3. Sep 14, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $23.4B
  4. Sep 12, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $24.7B
Evidence
90 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedJun 17, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJun 17, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJun 17, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJul 23, 2024FactForm ADV
First Form ADV filing2012-03-30Jun 17, 2026FactForm ADV
First Form ADV filing2012-03-30Jul 23, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-06-17Jun 17, 2026FactForm ADV
Latest Form ADV filing2026-06-17Jun 17, 2026FactForm ADV
Latest Form ADV filing2024-07-23Jul 23, 2024FactForm ADV
SEC statusApprovedJun 17, 2026FactForm ADV
SEC status effective1997-03-31Jun 17, 2026FactForm ADV
Venture share of reported funds1Jun 17, 2026FactForm ADV
Venture share of reported funds1Jul 23, 2024FactForm ADV
Business phoneJun 17, 2026FactForm ADV
Business phoneJul 23, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 14, 2026Factno URL
Employees45Jun 17, 2026FactForm ADV
Employees47Jul 23, 2024FactForm ADV
HeadquartersSan Francisco, CAJun 17, 2026FactForm ADV
HeadquartersSan Francisco, CAJul 23, 2024FactForm ADV
Office addressJun 17, 2026FactForm ADV
Office addressJul 23, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 14, 2026Factno URL
Legal formLimited Liability CompanyJun 17, 2026FactForm ADV
PE funds reported17Jun 17, 2026FactForm ADV
Private funds reported45Jun 17, 2026FactForm ADV
Private funds reported45Jun 17, 2026FactForm ADV
Private funds reported41Jul 23, 2024FactForm ADV
Private fund gross assets (reported)$25BJun 17, 2026FactForm ADV
Private fund gross assets (reported)$25BJun 17, 2026FactForm ADV
Private fund gross assets (reported)$25BJul 23, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$24BJun 17, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$22BJul 23, 2024FactForm ADV
Schedule a diffsadiff-1Jun 17, 2026FactForm ADV
Stated geographyglobal
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyglobal
“geography words on the home page”
Sep 14, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 14, 2026Factno URL
Venture funds reported28Jun 17, 2026FactForm ADV
Venture funds reported28Jun 17, 2026FactForm ADV
Venture funds reported27Jul 23, 2024FactForm ADV
WebsiteJun 17, 2026FactForm ADV
WebsiteJul 23, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 14, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShow
Importance
59
elevated
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Multi-stage venture firm · probableSEC registered investment adviser

Both early and growth/opportunity families, reported GAV $21.6B

The inputs behind each score
importance
gav: $1 · funds: 1 · people: 0.6 · investments: 0 · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 51 · reported gav: $22B · first adv filing: 2012-03-30 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

7 identity changes, 1 dated event on the change ledger, latest event first
  • Fund refused
    2026-09-15
  • Fund refused
    2026-09-14
  • Fund refused
    2026-09-14

+5 more changes on this record's ledger

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

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.

Not yet on record: new companies, 12 mo.