USV 2016 LP
2 additional principals, 2 additional placement agents, 1 event
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, Oregon Public Employees Retirement Fund as of 31 Mar 2026, shows $19M committed and net IRR 47.8%, 7.71x (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 →
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
- $514Mon the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 81
- Reported on ADV
- May 5, 2017 to Mar 27, 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.Lifecycle
Harvest
Lifecycle
The fund's own reporting through time
| 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 | ||
| Mar 27, 2026 | Venture Capital Fund | $514M | 81 | 6% |
Principals and agents
- John Buttrick Executive Officer
- Andrew Bradford Weissman Executive Officer
- Albert Bradford Wenger Executive Officer
Service providers
- AuditorBDO · PHILADELPHIA, Pennsylvania, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO GROUP · PRINCETON, New Jersey, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, 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).| 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 |
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.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Oregon Public Employees Retirement Fund | PUBLIC INSTITUTIONAL POOL | $19.0M committed | reported as of Mar 31, 2026 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Mar 31, 2026OPERF reports USV 2019: $15,000,000 committed, vintage 2019, net IRR 29.7%, 2.72xLP commitment disclosed Fact Pension disclosure
- Mar 31, 2026OPERF reports USV 2016: $19,000,000 committed, vintage 2016, net IRR 47.8%, 7.71xLP commitment disclosed Fact Pension disclosure
- Mar 31, 2026OPERF reports USV 2016: $19,000,000 committed, vintage 2016, net IRR 47.8%, 7.71xLP commitment disclosed Fact Pension disclosure
- Mar 27, 2019Auditor changed: BDO replaced RSM, first reported on the Form ADV filed March 27, 2019 (previous filing March 30, 2018)Auditor changed Fact Form ADV
- 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 Form ADV
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Mar 17, 2016 Fact Form D
- Form D fund type: Venture Capital Fund Mar 17, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 17, 2016 Fact Form D
- Amendment: false Mar 17, 2016 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 17, 2016 Fact Form D
- Incorporated: withinFiveYears Mar 17, 2016 Fact Form D
- Jurisdiction: Delaware Mar 17, 2016 Fact Form D
- Amount sold (Form D): $167M Mar 17, 2016 Fact Form D
- Offering amount (Form D): $167M Mar 17, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Mar 17, 2016 Fact Form D
- First sale: 2016-03-03 Mar 17, 2016 Fact Form D
- Investors (Form D): 80 Mar 17, 2016 Fact Form D
- Minimum investment (Form D): 0 Mar 17, 2016 Fact Form D
- Securities offered: pooled Mar 17, 2016 Fact Form D
- Office address: Mar 17, 2016 Fact Form D
- Year of incorporation: 2016 Mar 17, 2016 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
USV 2016 LP is the same institution as 2 records in Allocators and RIA and Wealth.
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…
USV 2016 LP sits on 5 traced paths of capital across the graphs.
DFX traced 5 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
- Fund folded2026-09-14
- LP commitment disclosed2026-03-31source on record
- LP commitment disclosed2026-03-31source on record
+5 more changes 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.