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 / Calah Opportunities, L.P.
Calah Opportunities, L.P.
FundraisingEvergreen or indefinite offeringOpportunity fundADV: Venture Capital Fundmanager not yet resolvedDelaware
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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 021-556277, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Aug 29, 2025
- First sale
- unknown
- Reported GAV
- unknown
- Owners (ADV)
- unknown
- Reported on ADV
- unknown
Fundraising evidence
Evergreen or indefinite offering
Form D filed or amended 2025-08-29: offering indefinite, sold $0 (fr-1)
evidence dated Aug 29, 2025. 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
Fundraising
Form D within 18 months and the offering is not sold out
first sale: n/avintage year: n/aadv gav as of: n/avintage basis: n/aform d sold usd: 0form d offering usd: n/aform d latest filed at: 2025-08-29
The fund's own reporting through time
0 Form ADV filings
No Form ADV reporting row: this vehicle is known from Form D only.
Principals and agents
2 principals on Form D, 0 placement agents
- Marc Andreessen Executive Officer
- BEN Horowitz Executive Officer
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 | 2025 | $700M | $332M | $0 | $332M | not meaningful yet | unknown | 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
3 events
- Dec 31, 2025CalPERS reports Calah Opportunities, L.P.: $700,000,000 committed, vintage 2025LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025CalPERS reports Calah Opportunities, L.P.: $700,000,000 committed, vintage 2025LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Aug 29, 2025Calah Opportunities, L.P. 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 Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 2865 SAND HILL ROAD, SUITE 101, MENLO PARK, CA, 94025 Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2025 Aug 29, 2025 Fact SEC EDGAR Form D data sets (quarterly)