Lightspeed Venture Partners Xiv-A (inception), L.P.
A feeder, parallel or offshore vehicle of a main fund; its assets may overlap the main fund's.
View relationshipsAsk DFX about this3 additional principals, 1 additional LP report or investment
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- 2 LP reportspublic disclosures
2 public LP reports name this vehicle; the latest, California Public Employees' Retirement System as of Mar 31, 2026, shows $45M committed and net IRR 40.7%, 2.60x (the LP's own figures).
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 →
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
- indefinitewhat may be sold, not what was raised; file 021-422477, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Nov 24, 2021
- First sale
- unknown
- Reported GAV
- $2.5Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 205
- Reported on ADV
- Mar 25, 2022 to Sep 14, 2026
Who can invest, and every Form D
Reading the Form D termsThe exemption is what the filer claimed on Form D: 3(c)(7) admits only qualified purchasers, 3(c)(1) caps the number of beneficial owners, Rule 506(c) lets the fund advertise if it verifies every investor is accredited, Rule 506(b) does not.A minimum of zero is the filer’s answer that it states none. An amount sold is never a close, and a later amendment can report less than an earlier one; each figure is printed as filed.- Who may invest
- Qualified purchasers only (Investment Company Act 3(c)(7))
- How it may be offered
- May advertise publicly; every investor verified accredited (Rule 506(c))
- Minimum investment
- no minimum statedas of the filing of Nov 24, 2021
- Exemptions claimed
- Rule 506(c); Investment Company Act Section 3(c); Investment Company Act Section 3(c)(7)Form D
- Fund type (Form D)
- Venture Capital Fund
- Securities offered
- equity,pooled
- Entity type
- Other
| Filed | Form | Amount sold | Change | Investors | Offered | Source |
|---|---|---|---|---|---|---|
| Nov 24, 2021 | D | $0 | 0 | indefinite | Form D |
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
Active deployment
Lifecycle
The fund's own reporting through time
| Filed | Form ADV fund type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 25, 2022 | Venture Capital Fund | $344M | 92 | 2% | yes | ||
| Mar 29, 2023 | Venture Capital Fund | $878M | 201 | 2% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $866M | 202 | 2% | yes | ||
| May 6, 2026 | Venture Capital Fund | $2.5B | 205 | 2% | |||
| Sep 14, 2026 | $2.5B | 205 | 2% |
Principals and agents
- Bejul Somaia Director
- - Lightspeed Ultimate General Partner XIV-A (Inception), Ltd. Director
- Arif Janmohamed Director
Service providers
- AuditorKPMG · GEORGE TOWN, Cayman IslandsForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · SAN FRANCISCO, California, United StatesForm ADV filed May 6, 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 |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2022 | $45.0M | $40.3M | $0 | $105M | 40.7% | 2.6x | Mar 31, 2026 |
| California Public Employees' Retirement System calpers.ca.gov | 2022 | $45.0M | $40.3M | $0 | $95.0M | 39.8% | 2.4x | 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 |
|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | $45.0M committed | reported as of Mar 31, 2026 | Fact Pension disclosure |
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | $4.2M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Anne Wojcicki Foundation | FOUNDATION | $1.1M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025CalPERS reports Lightspeed Venture Partners XIV-A (Inception), L.P.: $45,000,000 committed, vintage 2022, net IRR 39.8%, 2.4xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports Lightspeed Venture Partners XIV-A (Inception), L.P.: $45,000,000 committed, vintage 2022, net IRR 39.8%, 2.4xLP commitment disclosed Fact Pension disclosure
- Mar 25, 2022Lightspeed Venture Partners Xiv-A (inception), L.P. first reported on Form ADV by Lightspeed Venture Partners (Venture Capital Fund), GAV $343,737,003Fund first reported on Form ADV Fact Form ADV
- Nov 24, 2021Lightspeed Venture Partners XIV-A (Inception), L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Adv pdf fund: 2,478,395,894 Sep 14, 2026 Fact Form ADV
- Entity type: Other Nov 24, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Nov 24, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 24, 2021 Fact Form D
- Amendment: false Nov 24, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 24, 2021 Fact Form D
- Incorporated: withinFiveYears Nov 24, 2021 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Nov 24, 2021 Fact Form D
- Amount sold (Form D): $0 Nov 24, 2021 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Nov 24, 2021 Fact Form D
- Indefinite offering: true Nov 24, 2021 Fact Form D
- Investors (Form D): 0 Nov 24, 2021 Fact Form D
- Minimum investment (Form D): 0 Nov 24, 2021 Fact Form D
- Securities offered: Equity, pooled Nov 24, 2021 Fact Form D
- Office address: Nov 24, 2021 Fact Form D
- Year of incorporation: 2021 Nov 24, 2021 Fact Form D
Connected records
Managed by
Limited partners
- California Public Employees' Retirement System
4 more on this record
Relationships across DFX
on 2 other DFX graphs · 20 capital paths
Lightspeed Venture Partners Xiv-A (inception), L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
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.
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Checking your plan…
Lightspeed Venture Partners Xiv-A (inception), L.P. sits on 20 traced paths of capital across the graphs.
DFX traced 20 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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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
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2022-03-25source on record
+1 more change on this record's ledger
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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.