DFX Intelligence
GC Customer Value Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingEvergreen or indefinite offeringADV: Other Private Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
4 additional principals, 4 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
- $605Msold at the filing
Latest Form D filed on 6 Oct 2025: $605M sold, 8 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
- +79%reported GAV
Reported gross assets rose from $811M to $1.45B between the Form ADV filings of 16 May 2024 and 21 Jul 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
- 2 agentsplacement
2 placement agents named on the vehicle's Form D filings.
A placement agent means the vehicle is marketed to outside LPs.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2023basis: 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
- indefinitewhat may be sold, not what was raised; file 021-472900, sworn by the adviser or filed under this vehicle
- Form D sold
- $605Mas of the filing of Oct 6, 2025, 8 investors
- First sale
- Feb 10, 2023
- Reported GAV
- $1.5Bon the Form ADV filed Jul 21, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 19
- Reported on ADV
- Mar 29, 2024 to Jul 21, 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.Evergreen or indefinite offering
Form D filed or amended 2025-10-06: offering indefinite, sold $604.5M (fr-1)
evidence dated Oct 6, 2025.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Feb 10, 2023vintage year: 2023adv gav as of: Jul 21, 2026vintage basis: Form d first saleform d sold: $605Mform d offering: n/aform d latest filed at: Oct 6, 2025
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Other Private Fund | $811M | 8 | $5.0M | 2% | yes | |
| May 16, 2024 | Other Private Fund | $811M | 8 | $5.0M | 2% | yes | |
| Jul 21, 2026 | Other Private Fund | $1.5B | 19 | $5.0M | 2% |
Principals and agents
7 principals on Form D, 2 placement agents
- Kenneth E. Chenault Executive Officer
- Joel E. Cutler Executive Officer
- General Catalyst Group Management, LLC Executive Officer
- Campbell Lutyens & Co. Inc. placement agent
- Jefferies LLC placement agent
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Jul 21, 2026 reports.adviserinfo.sec.gov
- AdministratorHEDGESERV (CAYMAN) LTD. · DUBLIN, IrelandForm ADV filed Jul 21, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Jul 21, 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).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
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.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
- Oct 6, 2025GC Customer Value Fund, L.P. filed Form D/A: $604,500,000 sold (indefinite offering), Other Investment FundForm D filed Fact Form D
- Mar 14, 2025GC Customer Value Fund II, L.P. filed Form D/A: $604,500,000 sold (indefinite offering), Other Investment FundForm D filed Fact Form D
- Mar 29, 2024GC Customer Value Fund II, L.P. first reported on Form ADV by General Catalyst (Other Private Fund), GAV $811,250,560Fund first reported on Form ADV Fact Form ADV
- Feb 8, 2023GC Customer Value Fund II, L.P. filed Form D: no sales yet (indefinite offering), Other Investment FundForm D filed Fact Form D
Evidence
44 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 6, 2025 Fact Form D
- Entity type: Limited Partnership Mar 14, 2025 Fact Form D
- Entity type: Limited Partnership Feb 8, 2023 Fact Form D
- Form D fund type: Other Investment Fund Oct 6, 2025 Fact Form D
- Form D fund type: Other Investment Fund Mar 14, 2025 Fact Form D
- Form D fund type: Other Investment Fund Feb 8, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 6, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 14, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 8, 2023 Fact Form D
- Amendment: true Oct 6, 2025 Fact Form D
- Amendment: true Mar 14, 2025 Fact Form D
- Amendment: false Feb 8, 2023 Fact Form D
- Incorporated: withinFiveYears Oct 6, 2025 Fact Form D
- Incorporated: withinFiveYears Mar 14, 2025 Fact Form D
- Incorporated: withinFiveYears Feb 8, 2023 Fact Form D
- Jurisdiction: Delaware Oct 6, 2025 Fact Form D
- Jurisdiction: Delaware Mar 14, 2025 Fact Form D
- Jurisdiction: Delaware Feb 8, 2023 Fact Form D
- Amount sold (Form D): $605M Oct 6, 2025 Fact Form D
- Amount sold (Form D): $605M Mar 14, 2025 Fact Form D
- Amount sold (Form D): $0 Feb 8, 2023 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Oct 6, 2025 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Mar 14, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Feb 8, 2023 Fact Form D
- First sale: 2023-02-10 Oct 6, 2025 Fact Form D
- First sale: 2023-02-10 Mar 14, 2025 Fact Form D
- Indefinite offering: true Oct 6, 2025 Fact Form D
- Indefinite offering: true Mar 14, 2025 Fact Form D
- Indefinite offering: true Feb 8, 2023 Fact Form D
- Investors (Form D): 8 Oct 6, 2025 Fact Form D
- Investors (Form D): 7 Mar 14, 2025 Fact Form D
- Investors (Form D): 0 Feb 8, 2023 Fact Form D
- Minimum investment (Form D): 0 Oct 6, 2025 Fact Form D
- Minimum investment (Form D): 0 Mar 14, 2025 Fact Form D
- Minimum investment (Form D): 0 Feb 8, 2023 Fact Form D
- Securities offered: pooled Oct 6, 2025 Fact Form D
- Securities offered: pooled Mar 14, 2025 Fact Form D
- Securities offered: pooled Feb 8, 2023 Fact Form D
- Office address: Oct 6, 2025 Fact Form D
- Office address: Mar 14, 2025 Fact Form D
- Office address: Feb 8, 2023 Fact Form D
- Year of incorporation: 2022 Oct 6, 2025 Fact Form D
- Year of incorporation: 2022 Mar 14, 2025 Fact Form D
- Year of incorporation: 2022 Feb 8, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
GC Customer Value Fund II, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
4 dated events on the change ledger, latest event first
- Form D filed2025-10-06source on record
- Form D filed2025-03-14source on record
- Fund first reported on ADV2024-03-29source 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.