DFX Intelligence
NEW Enterprise Associates 14, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
- Vintage
- 2012
- Form D sold
- $2.1B
- Reported gross assets
- $7.8B
Form ADV, Aug 26, 2026
HarvestUnknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
11 additional principals, 3 additional placement agents, 1 additional LP report or investment, 1 event
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
- 2 LP reportspublic disclosures
2 public LP reports name this vehicle; the latest, Alaska Permanent Fund Corporation as of 31 Dec 2025, shows $25M 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 → - +34%reported GAV
Reported gross assets rose from $5.81B to $7.76B between the Form ADV filings of 25 Nov 2024 and 26 Aug 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
- 2012basis: 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
- $2.6Bwhat may be sold, not what was raised; file 021-175533, sworn by the adviser or filed under this vehicle
- Form D sold
- $2.1Bas of the filing of May 9, 2012, 146 investors
- First sale
- May 4, 2012
- Reported GAV
- $7.8Bon the Form ADV filed Aug 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 223
- Reported on ADV
- Mar 28, 2013 to Aug 26, 2026
- Structure
- master
Fundraising evidenceWhat 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.
Unknown
latest Form D 2012-05-09, older than 15 months (fr-1)
evidence dated May 9, 2012.
LifecycleHarvest
vintage over 7 years, still reported
age years: 14first sale: May 4, 2012vintage year: 2012adv gav as of: Aug 26, 2026vintage basis: Form d first saleform d sold: $2.1Bform d offering: $2.6Bform d latest filed at: May 9, 2012
The fund's own reporting through time
18 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 28, 2013 | Venture Capital Fund | $2.6B | 256 | $50,000 | 2% | yes | |
| Mar 28, 2014 | Venture Capital Fund | $2.7B | 220 | $50,000 | 2% | yes | |
| Mar 30, 2015 | Venture Capital Fund | $2.2B | 223 | $50,000 | 2% | yes | |
| Mar 29, 2016 | Venture Capital Fund | $3.4B | 224 | $50,000 | 2% | yes | |
| Mar 31, 2017 | Venture Capital Fund | $4.0B | 224 | $50,000 | 2% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $4.5B | 224 | $50,000 | 2% | yes | |
| Mar 27, 2019 | Venture Capital Fund | $4.2B | 225 | $50,000 | 2% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $4.4B | 225 | $50,000 | 2% | yes | |
| Jan 22, 2021 | Venture Capital Fund | $4.4B | 225 | $50,000 | 2% | yes | |
| Mar 29, 2021 | Venture Capital Fund | $5.2B | 225 | $50,000 | 2% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $8.7B | 218 | $50,000 | 2% | yes | |
| Dec 21, 2022 | Venture Capital Fund | $5.9B | 219 | $50,000 | 2% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $5.6B | 220 | $50,000 | 2% | yes | |
| Nov 8, 2023 | Venture Capital Fund | $5.6B | 220 | $50,000 | 2% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $5.8B | 220 | $50,000 | 2% | yes | |
| Apr 25, 2024 | Venture Capital Fund | $5.8B | 220 | $50,000 | 2% | yes | |
| Nov 25, 2024 | Venture Capital Fund | $5.8B | 220 | $50,000 | 2% | yes | |
| Aug 26, 2026 | Venture Capital Fund | $7.8B | 223 | $50,000 | 2% |
Principals and agents
14 principals on Form D, 0 placement agents
- Forest J. Baskett Director
- Ravi W. Viswanathan Director
- Krishna S. Kolluri Director
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorPwC · BALTIMORE, Maryland, United StatesForm ADV filed Mar 28, 2025 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 28, 2025 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 28, 2025 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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).
2 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Alaska Permanent Fund Corporation apfc.org | 2012 | $25.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Dec 31, 2025 |
| California State Teachers' Retirement System calstrs.com | 2012 | $160M | $157M | $235M | $225M | 14.9% | 2.9x | Jun 30, 2025 |
Known LPs and allocatorsWhat 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.
4 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | $160M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
| Alaska Permanent Fund Corporation | SOVEREIGN LINKED US ALLOCATOR | $25.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | $25.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
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, 2025APFC reports New Enterprise Associates 14 LP: $25,000,000 committed, vintage 2012LP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports New Enterprise Associates 14, L.P.: $160,000,000 committed, vintage 2012, net IRR 14.9%, 2.94xLP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports New Enterprise Associates 14, L.P.: $160,000,000 committed, vintage 2012, net IRR 14.9%, 2.94xLP commitment disclosed Fact Pension disclosure
- Mar 28, 2013NEW Enterprise Associates 14, L.P. first reported on Form ADV by NEW Enterprise Associates (Venture Capital Fund), GAV $2,562,795,177Fund first reported on Form ADV Fact Form ADV
- May 9, 2012New Enterprise Associates 14, L.P. filed Form D/A: $2,075,859,276 sold of $2,562,940,000, Venture Capital FundForm D filed Fact Form D
Evidence
30 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 9, 2012 Fact Form D
- Entity type: Limited Partnership Mar 26, 2012 Fact Form D
- Form D fund type: Venture Capital Fund May 9, 2012 Fact Form D
- Form D fund type: Venture Capital Fund Mar 26, 2012 Fact Form D
- Form D industry group: Pooled Investment Fund May 9, 2012 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 26, 2012 Fact Form D
- Amendment: true May 9, 2012 Fact Form D
- Amendment: false Mar 26, 2012 Fact Form D
- Revenue range (Form D): Not Applicable May 9, 2012 Fact Form D
- Revenue range (Form D): Not Applicable Mar 26, 2012 Fact Form D
- Incorporated: withinFiveYears May 9, 2012 Fact Form D
- Incorporated: yetToBeFormed Mar 26, 2012 Fact Form D
- Jurisdiction: CAYMAN ISLANDS May 9, 2012 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Mar 26, 2012 Fact Form D
- Amount sold (Form D): $2.1B May 9, 2012 Fact Form D
- Amount sold (Form D): $0 Mar 26, 2012 Fact Form D
- Offering amount (Form D): $2.6B May 9, 2012 Fact Form D
- Offering amount (Form D): $2.3B Mar 26, 2012 Fact Form D
- Exemptions: 06, 3C, 3C.7 May 9, 2012 Fact Form D
- Exemptions: 06, 3C, 3C.7 Mar 26, 2012 Fact Form D
- First sale: 2012-05-04 May 9, 2012 Fact Form D
- Investors (Form D): 146 May 9, 2012 Fact Form D
- Investors (Form D): 0 Mar 26, 2012 Fact Form D
- Minimum investment (Form D): 0 May 9, 2012 Fact Form D
- Minimum investment (Form D): 0 Mar 26, 2012 Fact Form D
- Securities offered: pooled May 9, 2012 Fact Form D
- Securities offered: pooled Mar 26, 2012 Fact Form D
- Office address: May 9, 2012 Fact Form D
- Office address: Mar 26, 2012 Fact Form D
- Year of incorporation: 2012 May 9, 2012 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 20 capital paths
Across the graphs
NEW Enterprise Associates 14, 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 what the two were joined on.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Capital chain
NEW Enterprise Associates 14, L.P. sits on 20 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 20 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
6 dated events on the change ledger, latest first
+3 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.