Battery Ventures Xii, L.P.
8 additional principals, 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, Alaska Permanent Fund Corporation as of 31 Dec 2025, shows $23M committed.
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 → - -12%reported GAV
Reported gross assets fell from $1.28B to $1.12B between the Form ADV filings of 29 Mar 2024 and 30 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2018basis: 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
- $800Mwhat may be sold, not what was raised; file 021-305426, sworn by the adviser or filed under this vehicle
- Form D sold
- $800Mas of the filing of Feb 12, 2018, 115 investors
- First sale
- Feb 1, 2018
- Reported GAV
- $1.1Bon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 115
- Reported on ADV
- Mar 29, 2019 to Mar 30, 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
Harvest
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2019 | Venture Capital Fund | $784M | 116 | 1% | yes | ||
| Mar 30, 2020 | Private Equity Fund | $736M | 116 | 1% | yes | ||
| Apr 29, 2020 | Private Equity Fund | $783M | 116 | 1% | yes | ||
| Mar 31, 2021 | Private Equity Fund | $1.1B | 116 | 1% | yes | ||
| Mar 31, 2022 | Private Equity Fund | $2.2B | 114 | 1% | yes | ||
| Mar 30, 2023 | Private Equity Fund | $1.6B | 114 | 1% | yes | ||
| Apr 24, 2023 | Private Equity Fund | $1.6B | 114 | 1% | yes | ||
| Mar 29, 2024 | Private Equity Fund | $1.3B | 116 | 1% | yes | ||
| Mar 30, 2026 | Private Equity Fund | $1.1B | 115 | 1% |
Principals and agents
- Battery Partners XII, LLC Executive Officer
- Jesse Feldman Executive Officer
- Dharmesh Thakker Executive Officer
Service providers
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · RALEIGH, North Carolina, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · CHARLOTTE, North Carolina, United StatesForm ADV filed Mar 30, 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 |
|---|---|---|---|---|---|---|---|---|
| Alaska Permanent Fund Corporation apfc.org | 2018 | $23.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | 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 |
|---|---|---|---|---|
| Alaska Permanent Fund Corporation | SOVEREIGN LINKED US ALLOCATOR | $23.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025APFC reports Battery Ventures XII LP: $23,000,000 committed, vintage 2018LP commitment disclosed Fact Pension disclosure
- Mar 29, 2019Battery Ventures Xii, L.P. first reported on Form ADV by Battery Management Corp. (Venture Capital Fund), GAV $784,152,684Fund first reported on Form ADV Fact Form ADV
- Feb 12, 2018Battery Ventures XII, L.P. filed Form D: $800,000,000 sold of $800,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Feb 12, 2018 Fact Form D
- Form D fund type: Venture Capital Fund Feb 12, 2018 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 12, 2018 Fact Form D
- Amendment: false Feb 12, 2018 Fact Form D
- Revenue range (Form D): Not Applicable Feb 12, 2018 Fact Form D
- Incorporated: withinFiveYears Feb 12, 2018 Fact Form D
- Jurisdiction: Delaware Feb 12, 2018 Fact Form D
- Amount sold (Form D): $800M Feb 12, 2018 Fact Form D
- Offering amount (Form D): $800M Feb 12, 2018 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Feb 12, 2018 Fact Form D
- First sale: 2018-02-01 Feb 12, 2018 Fact Form D
- Investors (Form D): 115 Feb 12, 2018 Fact Form D
- Minimum investment (Form D): 0 Feb 12, 2018 Fact Form D
- Securities offered: pooled Feb 12, 2018 Fact Form D
- Office address: Feb 12, 2018 Fact Form D
- Year of incorporation: 2018 Feb 12, 2018 Fact Form D
Relationships across DFX
on 3 other DFX graphs · 5 capital paths
Battery Ventures Xii, L.P. is the same institution as 3 records in Allocators, Private Equity and RIA and Wealth.
DFX found 3 relationships across 3 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…
Battery Ventures Xii, L.P. 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
- Fund first reported on ADV2019-03-29source on record
- Form D filed2018-02-12source 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.