DFX Intelligence
Venture Capital Intelligence
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 / General Catalyst Group Xi - Health Assurance, L.P.
General Catalyst Group Xi - Health Assurance, L.P.
Amounts, each with its basis
- Vintage
- 2022basis: 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; file 021-453001, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jul 20, 2022
- First sale
- unknown
- Reported GAV
- $786Mon the Form ADV filed May 16, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 95
- Reported on ADV
- Nov 3, 2022 to May 16, 2024
Fundraising evidence
Unknown
latest Form D 2022-07-20, older than 15 months (fr-1)
evidence dated Jul 20, 2022. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2024-05-16vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2022-07-20
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Nov 3, 2022 | Venture Capital Fund | $0 | 90 | $150,000 | 3% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $746M | 90 | $150,000 | 3% | yes | |
| May 22, 2023 | Venture Capital Fund | $746M | 90 | $150,000 | 3% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $786M | 95 | $150,000 | 0% | yes | |
| May 16, 2024 | Venture Capital Fund | $786M | 95 | $150,000 | 0% | yes |
Principals and agents
7 principals on Form D, 1 placement agents
- General Catalyst Group Management, LLC Executive Officer
- General Catalyst Master GP Xi, LLC Executive Officer
- David P. Fialkow Executive Officer
- General Catalyst Partners XI - Health Assurance, L.P. Executive Officer
- Joel E. Cutler Executive Officer
- Kenneth E. Chenault Executive Officer
- Hemant Taneja Executive Officer
- Campbell Lutyens & Co. Inc. placement agent
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2023 | $200M | $186M | $0 | $249M | 17.2% | 1.3x | Dec 31, 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
4 events
- Dec 31, 2025CalPERS reports General Catalyst Group XI - Health Assurance, L.P.: $200,000,000 committed, vintage 2023, net IRR 17.2%, 1.3xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025CalPERS reports General Catalyst Group XI - Health Assurance, L.P.: $200,000,000 committed, vintage 2023, net IRR 17.2%, 1.3xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Nov 3, 2022General Catalyst Group Xi - Health Assurance, L.P. first reported on Form ADV by General Catalyst (Venture Capital Fund)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)
- Jul 20, 2022General Catalyst Group Xi - Health Assurance LP filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE, MA, 02138 Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Jul 20, 2022 Fact SEC EDGAR Form D data sets (quarterly)