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 Xii, L.P.

TCV Xii, L.P.

Active deploymentUnknownFundADV: Private Equity FundTcvCayman Islands
Amounts, each with its basis
Vintage
2022basis: 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 021-447010, sworn by the adviser or filed under this vehicle
Form D sold
$1.4Bas of the filing of Jun 12, 2023, 50 investors
First sale
Jun 27, 2022
Reported GAV
$1.5Bon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
56
Reported on ADV
Mar 31, 2023 to Mar 27, 2024
Fundraising evidence
Unknown
latest Form D 2023-06-12, older than 15 months (fr-1)
evidence dated Jun 12, 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: 4first sale: 2022-06-27vintage year: $2,022adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $1.4Bform d offering usd: n/aform d latest filed at: 2023-06-12
The fund's own reporting through time
2 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2023Private Equity Fund$1.4B
48$2.0M2%yes
Mar 27, 2024Private Equity Fund$1.5B
56$2.0M2%yes
Principals and agents
2 principals on Form D, 8 placement agents
  • Frederic D. Fenton Director
  • Technology Crossover Management XII, L.P. Promoter
  • Link Capital Partners Distribucion SpA placement agent
  • iCapital Securities, LLC placement agent
  • UBS Financial Services Inc. placement agent
  • Credit Suisse Securities (USA) LLC placement agent
  • Goldman Sachs & Co. LLC placement agent
  • Rede Partners (Americas) LLC placement agent
  • UBS Switzerland AG placement agent
  • Korea Investment and Securities Co., Ltd. placement agent
Limited partners and their reported performance
3 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Alaska Permanent Fund Corporation apfc.org2024$15.0Mn/an/an/anot meaningful yetunknownDec 31, 2025
Los Angeles City Employees' Retirement System lacers.org2022n/an/an/an/a33.4%1.3xDec 31, 2025
Los Angeles City Employees' Retirement System lacers.org2022$60.0Mn/an/an/anot meaningful yetunknownJun 13, 2022

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
  1. Dec 31, 2025
    LACERS reports TCV XII: an undisclosed amount committed, vintage 2022, net IRR 33.4%, 1.28x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Dec 31, 2025
    APFC reports TCV XII LP: $15,000,000 committed, vintage 2024
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Jun 12, 2023
    TCV Xii, L.P. filed Form D/A: $1,402,055,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Mar 31, 2023
    TCV Xii, L.P. first reported on Form ADV by Tcv (Private Equity Fund), GAV $1,415,816,327
    Fund 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)
  5. Jun 13, 2022
    LACERS commits $60,000,000 to TCV XII (TCV (Technology Crossover Ventures)), closed 2022-06-13, existing relationship
    LP commitment closed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  6. May 25, 2022
    TCV Xii, L.P. filed Form D: no sales yet (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle