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 / TCV X, L.P.

TCV X, L.P.

MatureUnknownFundADV: Private Equity FundTcv
Amounts, each with its basis
Vintage
2019basis: 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; joined by exact issuer name, corroborated by the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.70); file 021-319622
Form D sold
$0as of the filing of Aug 20, 2018
First sale
unknown
Reported GAV
$4.5Bon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
85
Reported on ADV
Mar 29, 2019 to Mar 27, 2024
Fundraising evidence
Unknown
latest Form D 2018-08-20, older than 15 months (fr-1)
evidence dated Aug 20, 2018. 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: 7first sale: n/avintage year: $2,019adv gav as of: 2024-03-27vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2018-08-20
The fund's own reporting through time
12 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2019Venture Capital Fund$2.0B
77$2.0M1%yes
Mar 30, 2020Private Equity Fund$2.7B
83$2.0M1%yes
Jul 9, 2020Private Equity Fund$2.7B
83$2.0M1%yes
Oct 1, 2020Private Equity Fund$2.7B
83$2.0M1%yes
Mar 31, 2021Private Equity Fund$4.0B
83$2.0M1%yes
May 10, 2021Private Equity Fund$4.0B
83$2.0M1%yes
Sep 10, 2021Private Equity Fund$4.0B
83$2.0M1%yes
Nov 3, 2021Private Equity Fund$4.0B
83$2.0M1%yes
Mar 3, 2022Private Equity Fund$4.0B
83$2.0M1%yes
Mar 31, 2022Private Equity Fund$6.8B
83$2.0M1%yes
Mar 31, 2023Private Equity Fund$4.2B
84$2.0M1%yes
Mar 27, 2024Private Equity Fund$4.5B
85$2.0M1%yes
Principals and agents
2 principals on Form D, 0 placement agents
Limited partners and their reported performance
5 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Washington State Investment Board sib.wa.gov2019$200M$157M$120M$345M23.3%3.0xDec 31, 2025
California Public Employees' Retirement System calpers.ca.gov2019$157M$131M$114M$270M22.7%2.9xDec 31, 2025
Alaska Permanent Fund Corporation apfc.org2019$60.0Mn/an/an/anot meaningful yetunknownDec 31, 2025
Los Angeles City Employees' Retirement System lacers.org2019n/an/an/an/a23.3%3.0xDec 31, 2025
California State Teachers' Retirement System calstrs.com2019$88.0M$66.0M$37.0M$145M22.9%2.8xJun 30, 2025

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
2 events
  1. Mar 29, 2019
    TCV X, L.P. first reported on Form ADV by Tcv (Venture Capital Fund), GAV $2,018,892,857
    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)
  2. Aug 20, 2018
    TCV X, L.P. filed Form D: no sales yet (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle