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 / USV 2016 LP
USV 2016 LP
Amounts, each with its basis
- Vintage
- 2016basis: name year
- 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
- $167Mwhat may be sold, not what was raised; file 021-259502, sworn by the adviser or filed under this vehicle
- Form D sold
- $167Mas of the filing of Mar 17, 2016, 80 investors
- First sale
- Mar 3, 2016
- Reported GAV
- $490Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 81
- Reported on ADV
- May 5, 2017 to Mar 29, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2016-03-17: the stated $166.8M offering reported fully sold (fr-1)
evidence dated Mar 17, 2016. 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
Harvest
vintage over 7 years, still reported
age years: 10first sale: 2016-03-03vintage year: $2,016adv gav as of: 2024-03-29vintage basis: name_yearform d sold usd: $167Mform d offering usd: $167Mform d latest filed at: 2016-03-17
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| May 5, 2017 | Venture Capital Fund | $164M | 81 | 6% | yes | ||
| Mar 30, 2018 | Venture Capital Fund | $176M | 81 | 6% | yes | ||
| Mar 27, 2019 | Venture Capital Fund | $183M | 81 | 6% | yes | ||
| Mar 31, 2020 | Venture Capital Fund | $195M | 81 | 6% | yes | ||
| Mar 30, 2021 | Venture Capital Fund | $281M | 81 | 6% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $366M | 81 | 6% | yes | ||
| Mar 30, 2023 | Venture Capital Fund | $491M | 81 | 6% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $490M | 81 | 6% | yes |
Principals and agents
5 principals on Form D, 0 placement agents
- John Buttrick Executive Officer
- Andrew Bradford Weissman Executive Officer
- Albert Bradford Wenger Executive Officer
- R. Bradford Burnham Executive Officer
- Frederick Bradford Wilson 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 |
|---|---|---|---|---|---|---|---|---|
| Oregon Public Employees Retirement Fund oregon.gov | 2016 | $19.0M | $15.4M | $73.7M | $45.0M | 47.8% | 7.7x | Mar 31, 2026 |
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
5 events
- Mar 31, 2026OPERF reports USV 2019: $15,000,000 committed, vintage 2019, net IRR 29.7%, 2.72xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2026OPERF reports USV 2016: $19,000,000 committed, vintage 2016, net IRR 47.8%, 7.71xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2026OPERF reports USV 2016: $19,000,000 committed, vintage 2016, net IRR 47.8%, 7.71xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- May 5, 2017USV 2016 LP first reported on Form ADV by Union Square Ventures (Venture Capital Fund), GAV $164,017,746Fund 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)
- Mar 17, 2016USV 2016, LP filed Form D: $166,800,000 sold of $166,800,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $167M Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $167M Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2016-03-03 Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 80 Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 915 BROADWAY, 19TH FLOOR, NEW YORK, NY, 10010 Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2016 Mar 17, 2016 Fact SEC EDGAR Form D data sets (quarterly)