DFX Intelligence
Bain Capital Venture Fund 2016. L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 additional placement agents
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
- -12%reported GAV
Reported gross assets fell from $1.65B to $1.46B between the Form ADV filings of 31 Jul 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
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
- $600Mwhat may be sold, not what was raised; file 021-266599, sworn by the adviser or filed under this vehicle
- Form D sold
- $600Mas of the filing of Jul 8, 2016, 66 investors
- First sale
- Jun 23, 2016
- Reported GAV
- $1.5Bon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 77
- Reported on ADV
- Mar 31, 2017 to Mar 31, 2026
- Structure
- master
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.Closed to new capital
Form D filed or amended 2016-07-08: the stated $600.0M offering reported fully sold (fr-1)
evidence dated Jul 8, 2016.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 10first sale: Jun 23, 2016vintage year: 2016adv gav as of: Mar 31, 2026vintage basis: Name yearform d sold: $600Mform d offering: $600Mform d latest filed at: Jul 8, 2016
The fund's own reporting through time
14 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2017 | Venture Capital Fund | $601M | 67 | $5.0M | 0% | yes | |
| Mar 30, 2018 | Venture Capital Fund | $628M | 65 | $5.0M | 0% | yes | |
| Mar 30, 2018 | Venture Capital Fund | $628M | 65 | $5.0M | 0% | yes | |
| Mar 29, 2019 | Venture Capital Fund | $765M | 67 | $5.0M | 0% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $1.0B | 67 | $5.0M | 0% | yes | |
| Mar 31, 2021 | Venture Capital Fund | $1.2B | 67 | $5.0M | 0% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $2.4B | 67 | $5.0M | 0% | yes | |
| May 10, 2022 | Venture Capital Fund | $2.4B | 67 | $5.0M | 0% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $1.8B | 68 | $5.0M | 0% | yes | |
| Apr 29, 2023 | Venture Capital Fund | $1.8B | 68 | $5.0M | 0% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $1.6B | 69 | $5.0M | 0% | yes | |
| Jun 28, 2024 | Venture Capital Fund | $1.6B | 69 | $5.0M | 0% | yes | |
| Jul 31, 2024 | Venture Capital Fund | $1.6B | 69 | $5.0M | 0% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $1.5B | 77 | $5.0M | 0% |
Principals and agents
2 principals on Form D, 0 placement agents
- Ajay Agarwal Executive Officer
- Michael Krupka Executive Officer
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianANCHORAGE DIGITAL BANK N.A. · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · CHARLOTTE, North Carolina, United StatesForm ADV filed Mar 31, 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).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
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.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Mathile Family Foundation | FOUNDATION | $3.8M fair value on the foundation's return | reported as of Nov 30, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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
2 events
- Mar 31, 2017Bain Capital Venture Fund 2016. L.P. first reported on Form ADV by Bain Capital Ventures, LP (Venture Capital Fund), GAV $600,962,000Fund first reported on Form ADV Fact Form ADV
- Jul 8, 2016Bain Capital Venture Fund 2016, L.P. filed Form D: $600,000,000 sold of $600,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Other Jul 8, 2016 Fact Form D
- Form D fund type: Venture Capital Fund Jul 8, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 8, 2016 Fact Form D
- Amendment: false Jul 8, 2016 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 8, 2016 Fact Form D
- Incorporated: withinFiveYears Jul 8, 2016 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Jul 8, 2016 Fact Form D
- Amount sold (Form D): $600M Jul 8, 2016 Fact Form D
- Offering amount (Form D): $600M Jul 8, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jul 8, 2016 Fact Form D
- First sale: 2016-06-23 Jul 8, 2016 Fact Form D
- Investors (Form D): 66 Jul 8, 2016 Fact Form D
- Minimum investment (Form D): 0 Jul 8, 2016 Fact Form D
- Securities offered: pooled Jul 8, 2016 Fact Form D
- Office address: Jul 8, 2016 Fact Form D
- Year of incorporation: 2016 Jul 8, 2016 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Bain Capital Venture Fund 2016. L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
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…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2017-03-31source on record
- Form D filed2016-07-08source on record
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.