DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Spark Capital Growth Fund V, L.P.
Spark Capital Growth Fund V, L.P.
Amounts, each with its basis
- Vintage
- 2024basis: adv first reported
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $1.4Bwhat may be sold, not what was raised; file 021-500484, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Dec 21, 2023
- First sale
- unknown
- Reported GAV
- $1.8Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 195
- Reported on ADV
- Mar 27, 2024 to Sep 14, 2026
Fundraising evidence
Unknown
latest Form D 2023-12-21, older than 15 months (fr-1)
evidence dated Dec 21, 2023. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Early deployment
vintage within 2 years
age years: 2first sale: n/avintage year: $2,024adv gav as of: 2026-09-14vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $1.4Bform d latest filed at: 2023-12-21
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2024 | Venture Capital Fund | $1.6B | 195 | 1% | no | ||
| Sep 14, 2026 | $1.8B | 195 | 1% |
Principals and agents
7 principals on Form D, 0 placement agents
- Spark Growth Management Partners V, LLC Executive Officer
- Alex Finkelstein Executive Officer
- Yasmin Razavi Executive Officer
- William Reed Executive Officer
- Jeremy Philips Executive Officer
- Santo Politi Executive Officer
- Spark Growth Management Partners V, LLC general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
4 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Alaska Permanent Fund Corporation apfc.org | 2024 | $10.0M | n/a | n/a | n/a | not meaningful yet | unknown | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2024 | n/a | n/a | n/a | n/a | 20.6% | 1.1x | Dec 31, 2025 |
| California State Teachers' Retirement System calstrs.com | 2024 | $20.0M | $7.4M | n/a | $7.0M | -7.8% | 0.9x | Jun 30, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2024 | $33.0M | n/a | n/a | n/a | not meaningful yet | unknown | Feb 29, 2024 |
Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
7 events
- Dec 31, 2025LACERS reports Spark Capital Growth Fund V: an undisclosed amount committed, vintage 2024, net IRR 20.6%, 1.13xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025APFC reports Spark Capital Growth Fund V LP: $10,000,000 committed, vintage 2024LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 30, 2025CalSTRS reports Spark Capital Growth Fund V: $20,000,000 committed, vintage 2024, net IRR -7.8%, 0.95xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 30, 2025CalSTRS reports Spark Capital Growth Fund V: $20,000,000 committed, vintage 2024, net IRR -7.8%, 0.95xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 27, 2024Spark Capital Growth Fund V, L.P. first reported on Form ADV by Spark Capital (Venture Capital Fund), GAV $1,554,874,073Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 29, 2024LACERS commits $33,000,000 to Spark Capital Growth Fund V (Spark Management Partners), closed 2024-02-29, existing relationship
- Dec 21, 2023Spark Capital Growth Fund V, L.P. filed Form D: no sales yet of $1,400,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Adv pdf fund: SPARK CAPITAL GROWTH FUND V, L.P. Sep 14, 2026 Fact IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Entity type: Limited Partnership Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $1.4B Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: C/O SPARK CAPITAL, 200 CLARENDON ST., 59TH FLOOR, BOSTON, MA, 02116 Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2023 Dec 21, 2023 Fact SEC EDGAR Form D data sets (quarterly)