DFX Intelligence
Spark Capital Growth Fund, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 additional principals
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, Los Angeles City Employees' Retirement System as of 31 Dec 2025 and net IRR 28.3%, 6.12x (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 →
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2014basis: 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
- $375Mwhat may be sold, not what was raised; file 021-218078, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of May 27, 2014
- First sale
- unknown
- Reported GAV
- $1.8Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 35
- Reported on ADV
- Mar 30, 2015 to Sep 14, 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.Unknown
latest Form D 2014-05-27, older than 15 months (fr-1)
evidence dated May 27, 2014.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 12first sale: n/avintage year: 2014adv gav as of: Sep 14, 2026vintage basis: Form d first saleform d sold: $0form d offering: $375Mform d latest filed at: May 27, 2014
The fund's own reporting through time
13 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2015 | Venture Capital Fund | $376M | 34 | 1% | yes | ||
| Mar 28, 2016 | Venture Capital Fund | $367M | 34 | 1% | yes | ||
| Mar 16, 2017 | Venture Capital Fund | $368M | 34 | 1% | yes | ||
| Mar 21, 2018 | Venture Capital Fund | $458M | 34 | 1% | yes | ||
| Mar 27, 2019 | Venture Capital Fund | $617M | 34 | 1% | yes | ||
| Mar 26, 2020 | Venture Capital Fund | $876M | 34 | 1% | yes | ||
| Mar 30, 2021 | Venture Capital Fund | $1.2B | 34 | 1% | yes | ||
| Jan 7, 2022 | Venture Capital Fund | $1.2B | 34 | 1% | yes | ||
| Mar 23, 2022 | Venture Capital Fund | $2.1B | 34 | 1% | yes | ||
| Mar 27, 2023 | Venture Capital Fund | $1.9B | 34 | 1% | yes | ||
| Mar 27, 2024 | Venture Capital Fund | $1.9B | 34 | 1% | yes | ||
| Mar 27, 2026 | Venture Capital Fund | $1.8B | 35 | 1% | |||
| Sep 14, 2026 | $1.8B | 35 | 1% |
Principals and agents
6 principals on Form D, 0 placement agents
- Jeremy Philips Executive Officer
- Santo Politi Executive Officer
- Bijan Sabet Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorMAYER HOFFMAN MCCANN P.C. · BOSTON, Massachusetts, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianUBS FINANCIAL SERVICES INC. · BOSTON, Massachusetts, United StatesForm ADV filed Mar 27, 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).1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2014 | Not disclosed | Not disclosed | Not disclosed | Not disclosed | 28.3% | 6.1x | 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.2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | amount not disclosed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Hillman Family Foundations | FOUNDATION | $17.1M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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, 2025LACERS reports Spark Capital Growth Fund: an undisclosed amount committed, vintage 2014, net IRR 28.3%, 6.12xLP commitment disclosed Fact Pension disclosure
- Mar 30, 2015Spark Capital Growth Fund, LP first reported on Form ADV by Spark Capital (Venture Capital Fund), GAV $375,734,803Fund first reported on Form ADV Fact Form ADV
- Jun 27, 2014Spark Capital Growth Fund LP filed Form D/A: $374,000,000 sold of $374,000,000, Venture Capital FundForm D filed Fact Form D
- May 27, 2014Spark Capital Growth Fund LP filed Form D: no sales yet of $375,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Adv pdf fund: 1,757,832,471 Sep 14, 2026 Fact Form ADV
- Entity type: Limited Partnership Jun 27, 2014 Fact Form D
- Entity type: Limited Partnership May 27, 2014 Fact Form D
- Form D fund type: Venture Capital Fund Jun 27, 2014 Fact Form D
- Form D fund type: Venture Capital Fund May 27, 2014 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 27, 2014 Fact Form D
- Form D industry group: Pooled Investment Fund May 27, 2014 Fact Form D
- Amendment: true Jun 27, 2014 Fact Form D
- Amendment: false May 27, 2014 Fact Form D
- Revenue range (Form D): Not Applicable Jun 27, 2014 Fact Form D
- Revenue range (Form D): Not Applicable May 27, 2014 Fact Form D
- Incorporated: withinFiveYears Jun 27, 2014 Fact Form D
- Incorporated: yetToBeFormed May 27, 2014 Fact Form D
- Jurisdiction: Delaware Jun 27, 2014 Fact Form D
- Jurisdiction: Delaware May 27, 2014 Fact Form D
- Amount sold (Form D): $374M Jun 27, 2014 Fact Form D
- Amount sold (Form D): $0 May 27, 2014 Fact Form D
- Offering amount (Form D): $374M Jun 27, 2014 Fact Form D
- Offering amount (Form D): $375M May 27, 2014 Fact Form D
- Exemptions: 06b Jun 27, 2014 Fact Form D
- Exemptions: 06b May 27, 2014 Fact Form D
- First sale: 2014-05-28 Jun 27, 2014 Fact Form D
- Investors (Form D): 0 Jun 27, 2014 Fact Form D
- Investors (Form D): 0 May 27, 2014 Fact Form D
- Minimum investment (Form D): 0 Jun 27, 2014 Fact Form D
- Minimum investment (Form D): 0 May 27, 2014 Fact Form D
- Securities offered: pooled Jun 27, 2014 Fact Form D
- Securities offered: pooled May 27, 2014 Fact Form D
- Office address: Jun 27, 2014 Fact Form D
- Office address: May 27, 2014 Fact Form D
- Year of incorporation: 2014 Jun 27, 2014 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 10 capital paths
Across the graphs
Spark Capital Growth Fund, LP is the same institution as 2 records in RIA and Wealth and Allocators.
RIA and Wealth1Allocators1
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…
Capital chain
Spark Capital Growth Fund, LP sits on 10 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
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
4 dated events on the change ledger, latest event first
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2015-03-30source on record
- Form D filed2014-06-27source 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.