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 / TCV Ix, L.P.
TCV Ix, L.P.
Amounts, each with its basis
- Vintage
- 2017basis: adv first reported
- 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 021-257726, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Feb 18, 2016
- First sale
- unknown
- Reported GAV
- $2.3Bon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 65
- Reported on ADV
- Mar 31, 2017 to Mar 27, 2024
Fundraising evidence
Unknown
latest Form D 2016-02-18, older than 15 months (fr-1)
evidence dated Feb 18, 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: 9first sale: n/avintage year: $2,017adv gav as of: 2024-03-27vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2016-02-18
The fund's own reporting through time
16 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2017 | Venture Capital Fund | $1.8B | 64 | $2.0M | 1% | yes | |
| Jun 23, 2017 | Venture Capital Fund | $1.8B | 64 | $2.0M | 1% | yes | |
| Mar 28, 2018 | Venture Capital Fund | $2.0B | 64 | $2.0M | 1% | yes | |
| Jan 17, 2019 | Venture Capital Fund | $2.0B | 64 | $2.0M | 1% | yes | |
| Mar 29, 2019 | Private Equity Fund | $2.0B | 64 | $2.0M | 1% | yes | |
| Mar 30, 2020 | Private Equity Fund | $2.3B | 64 | $2.0M | 1% | yes | |
| Jul 9, 2020 | Private Equity Fund | $2.3B | 64 | $2.0M | 1% | yes | |
| Oct 1, 2020 | Private Equity Fund | $2.3B | 64 | $2.0M | 1% | yes | |
| Mar 31, 2021 | Private Equity Fund | $4.0B | 64 | $2.0M | 1% | yes | |
| May 10, 2021 | Private Equity Fund | $4.0B | 64 | $2.0M | 1% | yes | |
| Sep 10, 2021 | Private Equity Fund | $4.0B | 64 | $2.0M | 1% | yes | |
| Nov 3, 2021 | Private Equity Fund | $4.0B | 64 | $2.0M | 1% | yes | |
| Mar 3, 2022 | Private Equity Fund | $4.0B | 64 | $2.0M | 1% | yes | |
| Mar 31, 2022 | Private Equity Fund | $3.3B | 65 | $2.0M | 1% | yes | |
| Mar 31, 2023 | Private Equity Fund | $2.2B | 65 | $2.0M | 1% | yes | |
| Mar 27, 2024 | Private Equity Fund | $2.3B | 65 | $2.0M | 1% | yes |
Principals and agents
4 principals on Form D, 0 placement agents
- JON Q. Reynolds, Jr. Director
- JAY C. Hoag Director
- Frederic D. Fenton Director
- Technology Crossover Management IX, Ltd. 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 |
|---|---|---|---|---|---|---|---|---|
| Washington State Investment Board sib.wa.gov | 2016 | $200M | $180M | $267M | $131M | 19.0% | 2.2x | Dec 31, 2025 |
| Alaska Permanent Fund Corporation apfc.org | 2016 | $65.0M | n/a | n/a | n/a | not meaningful yet | unknown | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2016 | n/a | n/a | n/a | n/a | 19.0% | 2.4x | Dec 31, 2025 |
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
- Dec 31, 2025LACERS reports TCV IX: an undisclosed amount committed, vintage 2016, net IRR 19.0%, 2.37xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025APFC reports TCV IX LP: $65,000,000 committed, vintage 2016LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports TCV IX, L.P.: $200,000,000 committed, vintage 2016, net IRR 19.0%, 2.2xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports TCV IX, L.P.: $200,000,000 committed, vintage 2016, net IRR 19.0%, 2.2xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2017TCV Ix, L.P. first reported on Form ADV by Technology Crossover Ventures (Venture Capital Fund), GAV $1,772,182,386Fund 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)
- Feb 18, 2016TCV Ix, L.P. filed Form D: no sales yet (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: CAYMAN ISLANDS Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 528 RAMONA STREET, PALO ALTO, CA, 94301 Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2016 Feb 18, 2016 Fact SEC EDGAR Form D data sets (quarterly)