Battery Ventures X, LP
6 additional principals, 1 additional placement agent
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
- 1 LP reportpublic disclosures
1 public LP report 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 → - -33%reported GAV
Reported gross assets fell from $696M to $468M between the Form ADV filings of 29 Mar 2024 and 30 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2013basis: 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
- $650Mwhat may be sold, not what was raised; file 021-192207, sworn by the adviser or filed under this vehicle
- Form D sold
- $650Mas of the filing of Feb 21, 2013, 89 investors
- First sale
- Feb 7, 2013
- Reported GAV
- $468Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 91
- Reported on ADV
- Mar 26, 2013 to Mar 30, 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
Harvest
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 26, 2013 | Venture Capital Fund | $650M | 89 | 1% | yes | ||
| Dec 12, 2013 | Venture Capital Fund | $650M | 89 | 1% | yes | ||
| Mar 25, 2014 | Venture Capital Fund | $625M | 89 | 1% | yes | ||
| Apr 1, 2014 | Venture Capital Fund | $625M | 89 | 1% | yes | ||
| Mar 26, 2015 | Venture Capital Fund | $668M | 88 | 1% | yes | ||
| Mar 24, 2016 | Venture Capital Fund | $655M | 88 | 1% | yes | ||
| Jun 14, 2016 | Venture Capital Fund | $655M | 88 | 1% | yes | ||
| Mar 23, 2017 | Venture Capital Fund | $617M | 89 | 1% | yes | ||
| Mar 26, 2018 | Private Equity Fund | $680M | 89 | 1% | yes | ||
| May 9, 2018 | Private Equity Fund | $680M | 89 | 1% | yes | ||
| Mar 29, 2019 | Private Equity Fund | $735M | 89 | 1% | yes | ||
| Mar 30, 2020 | Private Equity Fund | $784M | 89 | 1% | yes | ||
| Apr 29, 2020 | Private Equity Fund | $784M | 89 | 1% | yes | ||
| Mar 31, 2021 | Private Equity Fund | $832M | 89 | 1% | yes | ||
| Mar 31, 2022 | Private Equity Fund | $1.1B | 89 | 1% | yes | ||
| Mar 30, 2023 | Private Equity Fund | $871M | 90 | 1% | yes | ||
| Apr 24, 2023 | Private Equity Fund | $871M | 90 | 1% | yes | ||
| Mar 29, 2024 | Private Equity Fund | $696M | 92 | 1% | yes | ||
| Mar 30, 2026 | Private Equity Fund | $468M | 91 | 1% |
Principals and agents
- Roger J. Lee Executive Officer
- Michael Brown Executive Officer
- Brian J. O'Malley Executive Officer
Service providers
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · RALEIGH, North Carolina, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianINSPIRA FINANCIAL TRUST, LLC · OAK BROOK, Illinois, United StatesForm ADV filed Mar 30, 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 |
|---|---|---|---|---|---|---|---|---|
| Alaska Permanent Fund Corporation apfc.org | 2013 | $25.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Dec 31, 2025 |
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 |
|---|---|---|---|---|
| Alaska Permanent Fund Corporation | SOVEREIGN LINKED US ALLOCATOR | $25.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025APFC reports Battery Ventures X LP: $25,000,000 committed, vintage 2013LP commitment disclosed Fact Pension disclosure
- Mar 26, 2013Battery Ventures X, LP first reported on Form ADV by Battery Management Corp. (Venture Capital Fund), GAV $650,000,000Fund first reported on Form ADV Fact Form ADV
- Feb 21, 2013Battery Ventures X, L.P. filed Form D: $650,000,000 sold of $650,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Feb 21, 2013 Fact Form D
- Form D fund type: Venture Capital Fund Feb 21, 2013 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 21, 2013 Fact Form D
- Amendment: false Feb 21, 2013 Fact Form D
- Revenue range (Form D): Not Applicable Feb 21, 2013 Fact Form D
- Incorporated: withinFiveYears Feb 21, 2013 Fact Form D
- Jurisdiction: Delaware Feb 21, 2013 Fact Form D
- Amount sold (Form D): $650M Feb 21, 2013 Fact Form D
- Offering amount (Form D): $650M Feb 21, 2013 Fact Form D
- Exemptions: 06, 3C, 3C.7 Feb 21, 2013 Fact Form D
- First sale: 2013-02-07 Feb 21, 2013 Fact Form D
- Investors (Form D): 89 Feb 21, 2013 Fact Form D
- Minimum investment (Form D): 0 Feb 21, 2013 Fact Form D
- Securities offered: pooled Feb 21, 2013 Fact Form D
- Office address: Feb 21, 2013 Fact Form D
- Year of incorporation: 2013 Feb 21, 2013 Fact Form D
Relationships across DFX
on 3 other DFX graphs · 5 capital paths
Battery Ventures X, LP is the same institution as 3 records in Allocators, Private Equity and RIA and Wealth.
DFX found 3 relationships across 3 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…
Battery Ventures X, LP sits on 5 traced paths of capital across the graphs.
DFX traced 5 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
- Fund first reported on ADV2013-03-26source on record
- Form D filed2013-02-21source 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.