Bain Capital Venture Fund 2022, L.P.
3 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, California Public Employees' Retirement System as of 31 Dec 2025, shows $150M committed and net IRR 29.9%, 1.50x (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 → - +41%reported GAV
Reported gross assets rose from $1.35B to $1.91B between the Form ADV filings of 31 Jul 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2022basis: 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
- indefinitewhat may be sold, not what was raised; file 021-448710, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 9, 2022
- First sale
- unknown
- Reported GAV
- $1.9Bon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 203
- Reported on ADV
- Mar 31, 2023 to Mar 31, 2026
- Structure
- master
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
Active deployment
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Venture Capital Fund | $1.2B | 198 | $5.0M | 10% | yes | |
| Apr 29, 2023 | Venture Capital Fund | $1.2B | 198 | $5.0M | 10% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $1.4B | 203 | $5.0M | 8% | yes | |
| Jun 28, 2024 | Venture Capital Fund | $1.4B | 203 | $5.0M | 8% | yes | |
| Jul 31, 2024 | Venture Capital Fund | $1.4B | 203 | $5.0M | 8% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $1.9B | 203 | $5.0M | 8% |
Principals and agents
- Ajay Agarwal Executive Officer
- Enrique Salem Executive Officer
- Bain Capital Markets, LLC placement agent
Service providers
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorGen II Fund Services · BOSTON, Massachusetts, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · CHARLOTTE, North Carolina, United StatesForm ADV filed Mar 31, 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 | $150M | $98.6M | $0 | $144M | 29.9% | 1.5x | 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 | $150M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Mathile Family Foundation | FOUNDATION | $457,694 fair value on the foundation's return | reported as of Nov 30, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025CalPERS reports Bain Capital Venture Fund 2022, L.P.: $150,000,000 committed, vintage 2023, net IRR 29.9%, 1.5xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports Bain Capital Venture Fund 2022, L.P.: $150,000,000 committed, vintage 2023, net IRR 29.9%, 1.5xLP commitment disclosed Fact Pension disclosure
- Mar 28, 2024Custodian changed: Bank of America, Goldman Sachs, INSPIRA FINANCIAL replaced MILLENNIUM TRUST COMPANY, Silicon Valley Bank, first reported on the Form ADV filed March 28, 2024 (previous filing April 29, 2023)Custodian changed Fact Form ADV
- Mar 31, 2023Bain Capital Venture Fund 2022, L.P. first reported on Form ADV by Bain Capital Ventures, LP (Venture Capital Fund), GAV $1,169,354,000Fund first reported on Form ADV Fact Form ADV
- Jun 9, 2022Bain Capital Venture Fund 2022, L.P. 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 Jun 9, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jun 9, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 9, 2022 Fact Form D
- Amendment: false Jun 9, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 9, 2022 Fact Form D
- Incorporated: withinFiveYears Jun 9, 2022 Fact Form D
- Jurisdiction: Delaware Jun 9, 2022 Fact Form D
- Amount sold (Form D): $0 Jun 9, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 9, 2022 Fact Form D
- Indefinite offering: true Jun 9, 2022 Fact Form D
- Investors (Form D): 0 Jun 9, 2022 Fact Form D
- Minimum investment (Form D): 0 Jun 9, 2022 Fact Form D
- Securities offered: pooled Jun 9, 2022 Fact Form D
- Office address: Jun 9, 2022 Fact Form D
- Year of incorporation: 2022 Jun 9, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 10 capital paths
Bain Capital Venture Fund 2022, L.P. 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…
Bain Capital Venture Fund 2022, L.P. 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
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2023-03-31source 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.