DFX Intelligence
NEA Sh Spv, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital FundSingle-purpose vehicle
A single-purpose vehicle, usually formed for one deal.
As of · the latest observation of this vehicle; each figure below carries its own filing date
8 additional principals, 2 additional placement agents
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
- +113%reported GAV
Reported gross assets rose from $8.84M to $18.8M between the Form ADV filings of 25 Nov 2024 and 26 Aug 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2023basis: 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
- $12.5Mwhat may be sold, not what was raised; file 021-481086, sworn by the adviser or filed under this vehicle
- Form D sold
- $12.5Mas of the filing of Jun 25, 2025, 1 investor
- First sale
- Apr 25, 2023
- Reported GAV
- $18.8Mon the Form ADV filed Aug 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 1
- Reported on ADV
- Mar 29, 2024 to Aug 26, 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.Closed to new capital
Form D filed or amended 2025-06-25: the stated $12.5M offering reported fully sold (fr-1)
evidence dated Jun 25, 2025.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 3first sale: Apr 25, 2023vintage year: 2023adv gav as of: Aug 26, 2026vintage basis: Form d first saleform d sold: $12.5Mform d offering: $12.5Mform d latest filed at: Jun 25, 2025
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $8.8M | 1 | $7.5M | 0% | yes | |
| Apr 25, 2024 | Venture Capital Fund | $8.8M | 1 | $7.5M | 0% | yes | |
| Nov 25, 2024 | Venture Capital Fund | $8.8M | 1 | $7.5M | 0% | yes | |
| Aug 26, 2026 | Venture Capital Fund | $18.8M | 1 | $12.5M | 0% |
Principals and agents
11 principals on Form D, 0 placement agents
- ALI Behbahani Executive Officer
- Rick C Yang Executive Officer
- Paul E. Walker Executive Officer
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorPwC · BALTIMORE, Maryland, United StatesForm ADV filed Aug 26, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · LOS ANGELES, California, United StatesForm ADV filed Aug 26, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Aug 26, 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).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
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.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
3 events
- Jun 25, 2025NEA Sh Spv, L.P. filed Form D/A: $12,500,000 sold of $12,500,000, Venture Capital FundForm D filed Fact Form D
- Mar 29, 2024NEA Sh Spv, L.P. first reported on Form ADV by NEW Enterprise Associates (Venture Capital Fund), GAV $8,843,932Fund first reported on Form ADV Fact Form ADV
- May 8, 2023NEA Sh Spv, L.P. filed Form D: $7,500,000 sold of $7,500,000, Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 25, 2025 Fact Form D
- Entity type: Limited Partnership May 8, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Jun 25, 2025 Fact Form D
- Form D fund type: Venture Capital Fund May 8, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 25, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund May 8, 2023 Fact Form D
- Amendment: true Jun 25, 2025 Fact Form D
- Amendment: false May 8, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Jun 25, 2025 Fact Form D
- Revenue range (Form D): Not Applicable May 8, 2023 Fact Form D
- Incorporated: withinFiveYears Jun 25, 2025 Fact Form D
- Incorporated: withinFiveYears May 8, 2023 Fact Form D
- Jurisdiction: Delaware Jun 25, 2025 Fact Form D
- Jurisdiction: Delaware May 8, 2023 Fact Form D
- Amount sold (Form D): $12.5M Jun 25, 2025 Fact Form D
- Amount sold (Form D): $7.5M May 8, 2023 Fact Form D
- Offering amount (Form D): $12.5M Jun 25, 2025 Fact Form D
- Offering amount (Form D): $7.5M May 8, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 25, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 May 8, 2023 Fact Form D
- First sale: 2023-04-25 Jun 25, 2025 Fact Form D
- First sale: 2023-04-25 May 8, 2023 Fact Form D
- Investors (Form D): 1 Jun 25, 2025 Fact Form D
- Investors (Form D): 1 May 8, 2023 Fact Form D
- Minimum investment (Form D): 12,500,000 Jun 25, 2025 Fact Form D
- Minimum investment (Form D): 7,500,000 May 8, 2023 Fact Form D
- Securities offered: pooled Jun 25, 2025 Fact Form D
- Securities offered: pooled May 8, 2023 Fact Form D
- Office address: Jun 25, 2025 Fact Form D
- Office address: May 8, 2023 Fact Form D
- Year of incorporation: 2023 Jun 25, 2025 Fact Form D
- Year of incorporation: 2023 May 8, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
NEA Sh Spv, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2025-06-25source on record
- Fund first reported on ADV2024-03-29source on record
- Form D filed2023-05-08source on record
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.