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 / Mayfield Xvii, L.P.
Mayfield Xvii, L.P.
Active deploymentUnknownFundADV: Venture Capital FundMayfield Fund, L.L.C., a Delaware Limited Liability CompanyDelaware
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 021-481038, sworn by the adviser or filed under this vehicle
- Form D sold
- $580Mas of the filing of May 8, 2023, 83 investors
- First sale
- May 1, 2023
- Reported GAV
- $580Mon the Form ADV filed Aug 19, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 348
- Reported on ADV
- Feb 28, 2024 to Aug 19, 2024
- Structure
- master
Fundraising evidence
Unknown
latest Form D 2023-05-08, older than 15 months (fr-1)
evidence dated May 8, 2023. 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: 3first sale: 2023-05-01vintage year: $2,023adv gav as of: 2024-08-19vintage basis: form_d_first_saleform d sold usd: $580Mform d offering usd: n/aform d latest filed at: 2023-05-08
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2024 | Venture Capital Fund | $580M | 348 | $1.0M | 2% | yes | |
| Apr 5, 2024 | Venture Capital Fund | $580M | 348 | $1.0M | 2% | yes | |
| Aug 19, 2024 | Venture Capital Fund | $580M | 348 | $1.0M | 2% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- Navin Chaddha Promoter
- General Partner Mayfield Xvii Management, L.L.C. Promoter
Limited partners and their reported performance
3 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Oregon Public Employees Retirement Fund oregon.gov | 2024 | $30.0M | $9.0M | $0 | $13.8M | not meaningful yet | 1.5x | Mar 31, 2026 |
| Los Angeles City Employees' Retirement System lacers.org | 2024 | n/a | n/a | n/a | n/a | 47.6% | 1.3x | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2023 | $5.0M | n/a | n/a | n/a | not meaningful yet | unknown | Apr 24, 2023 |
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
6 events
- Mar 31, 2026OPERF reports Mayfield XVII: $30,000,000 committed, vintage 2024LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2026OPERF reports Mayfield XVII: $30,000,000 committed, vintage 2024LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025LACERS reports Mayfield XVII: an undisclosed amount committed, vintage 2024, net IRR 47.6%, 1.34xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Feb 28, 2024Mayfield Xvii, L.P. first reported on Form ADV by Mayfield Fund, L.L.C., a Delaware Limited Liability Company (Venture Capital Fund), GAV $580,000,000Fund 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)
- May 8, 2023Mayfield Xvii, a Delaware Limited Partnership filed Form D: $580,000,000 sold (indefinite offering), Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Apr 24, 2023LACERS commits $5,000,000 to Mayfield XVII (Mayfield), closed 2023-04-24, new relationship
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $580M May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2023-05-01 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 83 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 2484 SAND HILL ROAD, MENLO PARK, CA, 94025 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2023 May 8, 2023 Fact SEC EDGAR Form D data sets (quarterly)