DFJ Mercury Silverstone Fund, LP
What matters now
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, San Diego City Employees' Retirement System as of 31 Mar 2026, shows $6M committed and net IRR 13.6%, 1.88x (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 → - -84%reported GAV
Reported gross assets fell from $4.58M to $734K between the Form ADV filings of 11 Mar 2024 and 16 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $734,023on the Form ADV filed Mar 16, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 19
- Reported on ADV
- Jul 12, 2012 to Mar 16, 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
Unknown
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jul 12, 2012 | Venture Capital Fund | $15.9M | 20 | $25,000 | 1% | yes | |
| Mar 28, 2013 | Venture Capital Fund | $16.8M | 20 | $25,000 | 1% | yes | |
| Mar 28, 2014 | Venture Capital Fund | $10.3M | 20 | $25,000 | 1% | yes | |
| Mar 28, 2014 | Venture Capital Fund | $10.3M | 20 | $25,000 | 1% | yes | |
| Mar 31, 2015 | Venture Capital Fund | $8.9M | 20 | $25,000 | 1% | yes | |
| Mar 11, 2016 | Venture Capital Fund | $9.6M | 20 | $25,000 | 1% | yes | |
| Mar 23, 2017 | Venture Capital Fund | $9.9M | 20 | $25,000 | 1% | yes | |
| Mar 13, 2018 | Venture Capital Fund | $8.5M | 20 | $25,000 | 1% | yes | |
| Mar 21, 2019 | Venture Capital Fund | $5.6M | 20 | $25,000 | 1% | yes | |
| Mar 10, 2020 | Venture Capital Fund | $6.1M | 19 | $25,000 | 1% | yes | |
| Mar 23, 2021 | Venture Capital Fund | $6.8M | 19 | $25,000 | 1% | yes | |
| Mar 25, 2022 | Venture Capital Fund | $8.8M | 19 | $25,000 | 1% | yes | |
| Mar 23, 2023 | Venture Capital Fund | $4.9M | 19 | $25,000 | 1% | yes | |
| Mar 11, 2024 | Venture Capital Fund | $4.6M | 19 | $25,000 | 1% | yes | |
| Mar 16, 2026 | Venture Capital Fund | $734,023 | 19 | $25,000 | 1% |
Principals and agents
Service providers
- AuditorBDO · HOUSTON, Texas, United StatesForm ADV filed Mar 16, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 16, 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 |
|---|---|---|---|---|---|---|---|---|
| San Diego City Employees' Retirement System content.sdcers.gov | 2011 | $6.0M | $6.0M | $10.8M | $440,615 | 13.6% | 1.9x | Mar 31, 2026 |
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 |
|---|---|---|---|---|
| San Diego City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $6.0M committed | reported as of Mar 31, 2026 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Mar 31, 2026SDCERS reports DFJ Mercury Silverstone Fund, L.P.: $6,000,000 committed, vintage 2011, net IRR 13.6%, 1.88xLP commitment disclosed Fact Pension disclosure
- Mar 11, 2024Auditor changed: BDO replaced EY, first reported on the Form ADV filed March 11, 2024 (previous filing March 23, 2023)Auditor changed Fact Form ADV
- Jul 12, 2012DFJ Mercury Silverstone Fund, LP first reported on Form ADV by DFJ Mercury (Venture Capital Fund), GAV $15,885,842Fund first reported on Form ADV Fact Form ADV
Evidence
Every observation on this vehicle
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
DFJ Mercury Silverstone Fund, LP 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.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
DFJ Mercury Silverstone Fund, 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 disclosed2026-03-31source on record
- Fund first reported on ADV2012-07-12source 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.