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 / General Catalyst Group Xi - Creation, L.P.
General Catalyst Group Xi - Creation, L.P.
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; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the adviser itself named on the filing, the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.85); file 021-418984
- Form D sold
- $0as of the filing of Oct 28, 2021
- First sale
- unknown
- Reported GAV
- $857Mon the Form ADV filed May 16, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 224
- Reported on ADV
- Mar 31, 2022 to May 16, 2024
Fundraising evidence
Unknown
latest Form D 2021-10-28, older than 15 months (fr-1)
evidence dated Oct 28, 2021. 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: n/avintage year: $2,022adv gav as of: 2024-05-16vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $4.6Bform d latest filed at: 2021-10-28
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $12.0M | 224 | $44,711 | 3% | yes | |
| Nov 3, 2022 | Venture Capital Fund | $12.0M | 224 | $44,711 | 3% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $877M | 224 | $44,711 | 3% | yes | |
| May 22, 2023 | Venture Capital Fund | $877M | 224 | $44,711 | 3% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $857M | 224 | $44,711 | 3% | yes | |
| May 16, 2024 | Venture Capital Fund | $857M | 224 | $44,711 | 3% | yes |
Principals and agents
7 principals on Form D, 0 placement agents
- General Catalyst Group Management, LLC Executive Officer
- Kenneth E. Chenault Executive Officer
- Joel E. Cutler Executive Officer
- David P. Fialkow Executive Officer
- Hemant Taneja Executive Officer
- General Catalyst Creation GP XI, LLC Executive Officer
- General Catalyst Partners XI - Creation, L.P. Executive Officer
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 |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $13.0M | $12.4M | n/a | $23.8M | 30.9% | 1.9x | Dec 31, 2025 |
| Alaska Permanent Fund Corporation apfc.org | 2022 | $6.0M | n/a | n/a | n/a | not meaningful yet | unknown | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $13.0M | n/a | n/a | n/a | not meaningful yet | unknown | Oct 29, 2021 |
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
5 events
- Dec 31, 2025LACERS reports General Catalyst Group XI - Creation LP: $13,000,000 committed, vintage 2021, net IRR 30.9%, 1.92xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025APFC reports General Catalyst Group XI - Creation LP: $6,000,000 committed, vintage 2022LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2022General Catalyst Group Xi - Creation, L.P. first reported on Form ADV by General Catalyst (Venture Capital Fund), GAV $12,001,096Fund 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)
- Oct 29, 2021LACERS commits $13,000,000 to General Catalyst Group XI - Creation LP (General Catalyst Group Management), closed 2021-10-29
- Oct 28, 2021General Catalyst Group XI - Creation, L.P. filed Form D: no sales yet of $4,600,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $4.6B Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE, MA, 02138 Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Oct 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)