USV 2019, LP
2 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
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, Oregon Public Employees Retirement Fund as of 31 Mar 2026, shows $15M committed and net IRR 29.7%, 2.72x (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 → - -43%reported GAV
Reported gross assets fell from $484M to $277M between the Form ADV filings of 29 Mar 2024 and 27 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2019basis: name year
- 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
- $191Mwhat may be sold, not what was raised; file 021-329129, 021-259502, sworn by the adviser or filed under this vehicle
- Form D sold
- $191Mas of the filing of Dec 28, 2018, 113 investors
- First sale
- Dec 14, 2018
- Reported GAV
- $277Mon the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 115
- Reported on ADV
- Mar 31, 2020 to Mar 27, 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
Mature
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2020 | Venture Capital Fund | $186M | 115 | 4% | yes | ||
| Mar 30, 2021 | Venture Capital Fund | $251M | 115 | 4% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $703M | 115 | 4% | yes | ||
| Mar 30, 2023 | Venture Capital Fund | $452M | 115 | 4% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $484M | 115 | 4% | yes | ||
| Mar 27, 2026 | Venture Capital Fund | $277M | 115 | 4% |
Principals and agents
- Andrew Weissman Executive Officer
- John Buttrick Executive Officer
- Albert Wenger Executive Officer
Service providers
- AuditorBDO · PHILADELPHIA, Pennsylvania, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO GROUP · PRINCETON, New Jersey, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 27, 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 |
|---|---|---|---|---|---|---|---|---|
| Oregon Public Employees Retirement Fund oregon.gov | 2019 | $15.0M | $11.9M | $17.5M | $14.6M | 29.7% | 2.7x | Mar 31, 2026 |
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 |
|---|---|---|---|---|
| Oregon Public Employees Retirement Fund | PUBLIC INSTITUTIONAL POOL | $15.0M committed | reported as of Mar 31, 2026 | Fact Pension disclosure |
| Hillman Family Foundations | FOUNDATION | $6.1M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Investments attributed to this vehicle
Timeline
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Dec 28, 2018 Fact Form D
- Form D fund type: Venture Capital Fund Dec 28, 2018 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 28, 2018 Fact Form D
- Amendment: false Dec 28, 2018 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 28, 2018 Fact Form D
- Incorporated: withinFiveYears Dec 28, 2018 Fact Form D
- Jurisdiction: Delaware Dec 28, 2018 Fact Form D
- Amount sold (Form D): $191M Dec 28, 2018 Fact Form D
- Offering amount (Form D): $191M Dec 28, 2018 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Dec 28, 2018 Fact Form D
- First sale: 2018-12-14 Dec 28, 2018 Fact Form D
- Investors (Form D): 113 Dec 28, 2018 Fact Form D
- Minimum investment (Form D): 0 Dec 28, 2018 Fact Form D
- Securities offered: pooled Dec 28, 2018 Fact Form D
- Office address: Dec 28, 2018 Fact Form D
- Year of incorporation: 2018 Dec 28, 2018 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 10 capital paths
USV 2019, 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…
USV 2019, LP sits on 10 traced paths of capital across the graphs.
DFX traced 10 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
- Form D filed2018-12-28source 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.