Bear Coast (ventures) Fund, LP
Reported gross assets rose from $107.8M to $2.61B in one filing; not yet confirmed by a later filing.
4 additional principals
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, California Public Employees' Retirement System as of 31 Dec 2025, shows $1.95B committed and net IRR 43.2%, 1.30x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners → - +2324%reported GAV
Reported gross assets rose from $108M to $2.61B between the Form ADV filings of 16 May 2024 and 21 Jul 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
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
- indefinitewhat may be sold, not what was raised; file 021-479468, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Apr 19, 2023
- First sale
- unknown
- Reported GAV
- $2.6Bon the Form ADV filed Jul 21, 2026; the fund's assets, never its size or dry powder. Large jump in reported value, unconfirmed: shown as filed
- Owners (ADV)
- 1
- Reported on ADV
- Mar 29, 2024 to Jul 21, 2026
Fundraising evidence
What counts as raisingA 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
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $108M | 1 | $250,000 | 0% | yes | |
| May 16, 2024 | Venture Capital Fund | $108M | 1 | $250,000 | 0% | yes | |
| Jul 21, 2026 | Venture Capital Fund | $2.6B | 1 | $250,000 | 0% |
Principals and agents
- Bear Coast GP (ventures) Fund, LP Executive Officer
- Joel E. Cutler Executive Officer
- Kenneth E. Chenault Executive Officer
Service providers
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Jul 21, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · BOSTON, Massachusetts, United StatesForm ADV filed Jul 21, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Jul 21, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach 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).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2023 | $1.9B | $2.0B | $0 | $2.6B | 43.2% | 1.3x | Dec 31, 2025 |
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | $1.9B committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025CalPERS reports Bear Coast (Ventures) Fund, LP: $1,950,000,000 committed, vintage 2023, net IRR 43.2%, 1.3xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports Bear Coast (Ventures) Fund, LP: $1,950,000,000 committed, vintage 2023, net IRR 43.2%, 1.3xLP commitment disclosed Fact Pension disclosure
- Mar 29, 2024Bear Coast (ventures) Fund, LP first reported on Form ADV by General Catalyst (Venture Capital Fund), GAV $107,784,886Fund first reported on Form ADV Fact Form ADV
- Apr 19, 2023Bear Coast (ventures) Fund, LP filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Apr 19, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Apr 19, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 19, 2023 Fact Form D
- Amendment: false Apr 19, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 19, 2023 Fact Form D
- Incorporated: withinFiveYears Apr 19, 2023 Fact Form D
- Jurisdiction: Delaware Apr 19, 2023 Fact Form D
- Amount sold (Form D): $0 Apr 19, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Apr 19, 2023 Fact Form D
- Indefinite offering: true Apr 19, 2023 Fact Form D
- Investors (Form D): 0 Apr 19, 2023 Fact Form D
- Minimum investment (Form D): 0 Apr 19, 2023 Fact Form D
- Securities offered: pooled Apr 19, 2023 Fact Form D
- Office address: Apr 19, 2023 Fact Form D
- Year of incorporation: 2023 Apr 19, 2023 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
Bear Coast (ventures) Fund, LP is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 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…
Bear Coast (ventures) Fund, LP sits on 5 traced paths of capital across the graphs.
DFX traced 5 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…
Record history
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2024-03-29source on record
+1 more change 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.