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 / NEA 18 Venture Growth Equity, L.P.

NEA 18 Venture Growth Equity, L.P.

MatureUnknownGrowth fundADV: Venture Capital FundNEW Enterprise AssociatesDelaware
Amounts, each with its basis
Vintage
2021basis: form d first sale
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
$3.7Bwhat may be sold, not what was raised; file 021-420921, sworn by the adviser or filed under this vehicle
Form D sold
$2.3Bas of the filing of May 24, 2022, 244 investors
First sale
Dec 22, 2021
Reported GAV
$2.9Bon the Form ADV filed Nov 25, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
273
Reported on ADV
Mar 31, 2022 to Nov 25, 2024
Fundraising evidence
Unknown
latest Form D 2022-05-24, older than 15 months (fr-1)
evidence dated May 24, 2022. 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
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-12-22vintage year: $2,021adv gav as of: 2024-11-25vintage basis: form_d_first_saleform d sold usd: $2.3Bform d offering usd: $3.7Bform d latest filed at: 2022-05-24
The fund's own reporting through time
7 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2022Venture Capital Fund$1.2B
207$120,0002%yes
Dec 21, 2022Venture Capital Fund$575M
265$120,0002%yes
Mar 30, 2023Venture Capital Fund$2.9B
266$120,0002%yes
Nov 8, 2023Venture Capital Fund$2.9B
266$120,0002%yes
Mar 29, 2024Venture Capital Fund$2.9B
273$120,0002%yes
Apr 25, 2024Venture Capital Fund$2.9B
273$120,0002%yes
Nov 25, 2024Venture Capital Fund$2.9B
273$120,0002%yes
Principals and agents
12 principals on Form D, 6 placement agents
Limited partners and their reported performance
4 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Alaska Permanent Fund Corporation apfc.org2022$6.0Mn/an/an/anot meaningful yetunknownDec 31, 2025
Los Angeles City Employees' Retirement System lacers.org2022n/an/an/an/a16.4%1.4xDec 31, 2025
California State Teachers' Retirement System calstrs.com2022$60.0M$49.4Mn/a$50.9M1.8%1.0xJun 30, 2025
Los Angeles City Employees' Retirement System lacers.org2021$35.0Mn/an/an/anot meaningful yetunknownDec 22, 2021

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
9 events
  1. Dec 31, 2025
    LACERS reports NEA 18 Venture Growth Equity: an undisclosed amount committed, vintage 2022, net IRR 16.4%, 1.39x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Dec 31, 2025
    APFC reports NEA 18 Venture Growth Equity LP: $6,000,000 committed, vintage 2022
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Jun 30, 2025
    CalSTRS reports NEA 18 Venture Growth Equity: $60,000,000 committed, vintage 2022, net IRR 1.8%, 1.03x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  4. Jun 30, 2025
    CalSTRS reports NEA 18 Venture Growth Equity: $60,000,000 committed, vintage 2022, net IRR 1.8%, 1.03x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  5. May 24, 2022
    NEA 18 Venture Growth Equity, L.P. filed Form D/A: $2,328,808,500 sold of $3,700,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  6. Mar 31, 2022
    NEA 18 Venture Growth Equity, L.P. first reported on Form ADV by NEW Enterprise Associates (Venture Capital Fund), GAV $1,195,130,965
    Fund 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)
  7. Jan 21, 2022
    NEA 18 Venture Growth Equity, L.P. filed Form D/A: $1,217,204,000 sold of $3,700,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  8. Dec 22, 2021
    LACERS commits $35,000,000 to NEA 18 Venture Growth Equity (New Enterprise Associates), closed 2021-12-22
    LP commitment closed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  9. Nov 12, 2021
    NEA 18 Venture Growth Equity, L.P. filed Form D: no sales yet of $3,700,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
47 observations
Every observation on this vehicle