General Catalyst Group Xi - Ignition, L.P.
4 additional principals, 2 additional placement agents, 3 additional LP reports and investments
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
- 3 LP reportspublic disclosures
3 public LP reports name this vehicle; the latest, Alaska Permanent Fund Corporation as of 31 Dec 2025, shows $8M committed.
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 → - +80%reported GAV
Reported gross assets rose from $1.11B to $1.99B 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.
Amounts, each with its basis
- Vintage
- 2022basis: 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
- $4.6Bwhat may be sold, not what was raised; file 021-418987, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Oct 28, 2021
- First sale
- unknown
- Reported GAV
- $2.0Bon the Form ADV filed Jul 21, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 223
- Reported on ADV
- Mar 31, 2022 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.Lifecycle
Active deployment
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $224M | 223 | $59,615 | 3% | yes | |
| Nov 3, 2022 | Venture Capital Fund | $224M | 223 | $59,615 | 3% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $1.1B | 223 | $59,615 | 3% | yes | |
| May 22, 2023 | Venture Capital Fund | $1.1B | 223 | $59,615 | 3% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $1.1B | 223 | $59,615 | 3% | yes | |
| May 16, 2024 | Venture Capital Fund | $1.1B | 223 | $59,615 | 3% | yes | |
| Jul 21, 2026 | Venture Capital Fund | $2.0B | 223 | $59,615 | 3% |
Principals and agents
- Kenneth E. Chenault Executive Officer
- David P. Fialkow Executive Officer
- General Catalyst Group Management, LLC Executive Officer
Service providers
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Jul 21, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · BOSTON, Massachusetts, United StatesForm ADV filed Jul 21, 2026 reports.adviserinfo.sec.gov
- CustodianANCHORAGE DIGITAL BANK N.A. · SAN FRANCISCO, California, 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).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $18.0M | $15.7M | $1,993 | $26.0M | 17.6% | 1.6x | Dec 31, 2025 |
| Alaska Permanent Fund Corporation apfc.org | 2021 | $8.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $18.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Oct 29, 2021 |
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 |
|---|---|---|---|---|
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $18.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | $10.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Alaska Permanent Fund Corporation | SOVEREIGN LINKED US ALLOCATOR | $8.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025LACERS reports General Catalyst Group XI - Ignition LP: $18,000,000 committed, vintage 2021, net IRR 17.6%, 1.65xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025APFC reports General Catalyst Group XI - Ignition LP: $8,000,000 committed, vintage 2021LP commitment disclosed Fact Pension disclosure
- Mar 31, 2022General Catalyst Group Xi - Ignition, L.P. first reported on Form ADV by General Catalyst (Venture Capital Fund), GAV $223,935,051Fund first reported on Form ADV Fact Form ADV
- Oct 29, 2021LACERS commits $18,000,000 to General Catalyst Group XI - Ignition LP (General Catalyst Group Management), closed 2021-10-29LP commitment closed Fact Pension disclosure
- Oct 28, 2021General Catalyst Group XI - Ignition, L.P. filed Form D: no sales yet of $4,600,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Oct 28, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Oct 28, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 28, 2021 Fact Form D
- Amendment: false Oct 28, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 28, 2021 Fact Form D
- Incorporated: withinFiveYears Oct 28, 2021 Fact Form D
- Jurisdiction: Delaware Oct 28, 2021 Fact Form D
- Amount sold (Form D): $0 Oct 28, 2021 Fact Form D
- Offering amount (Form D): $4.6B Oct 28, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Oct 28, 2021 Fact Form D
- Investors (Form D): 0 Oct 28, 2021 Fact Form D
- Minimum investment (Form D): 0 Oct 28, 2021 Fact Form D
- Securities offered: pooled Oct 28, 2021 Fact Form D
- Office address: Oct 28, 2021 Fact Form D
- Year of incorporation: 2021 Oct 28, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 30 capital paths
General Catalyst Group Xi - Ignition, L.P. 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…
General Catalyst Group Xi - Ignition, L.P. sits on 30 traced paths of capital across the graphs.
DFX traced 30 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
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2022-03-31source on record
+2 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.