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 Xii, L.P.
General Catalyst Group Xii, L.P.
Amounts, each with its basis
- Vintage
- 2024basis: 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 021-498394, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Nov 29, 2023
- First sale
- unknown
- Reported GAV
- $1.1Bon the Form ADV filed May 16, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 124
- Reported on ADV
- Mar 29, 2024 to May 16, 2024
Fundraising evidence
Unknown
latest Form D 2023-11-29, older than 15 months (fr-1)
evidence dated Nov 29, 2023. 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
Early deployment
vintage within 2 years
age years: 2first sale: n/avintage year: $2,024adv gav as of: 2024-05-16vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2023-11-29
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $1.1B | 124 | $250,000 | 0% | yes | |
| May 16, 2024 | Venture Capital Fund | $1.1B | 124 | $250,000 | 0% | yes |
Principals and agents
7 principals on Form D, 2 placement agents
- General Catalyst Group Management, LLC Executive Officer
- Joel E. Cutler Executive Officer
- Kenneth E. Chenault Executive Officer
- Hemant Taneja Executive Officer
- General Catalyst Partners XII, L.P. Executive Officer
- General Catalyst GP XII, LLC Executive Officer
- David P. Fialkow Executive Officer
- Goldman Sachs & Co. LLC placement agent
- Campbell Lutyens & Co. Inc. placement agent
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Washington State Investment Board sib.wa.gov | 2024 | $200M | $161M | $352,587 | $239M | 52.3% | 1.5x | Dec 31, 2025 |
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
4 events
- Dec 31, 2025WSIB reports General Catalyst Group XII, L.P.: $200,000,000 committed, vintage 2024, net IRR 52.3%, 1.5xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports General Catalyst Group XII, L.P.: $200,000,000 committed, vintage 2024, net IRR 52.3%, 1.5xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 29, 2024General Catalyst Group Xii, L.P. first reported on Form ADV by General Catalyst (Venture Capital Fund), GAV $1,146,515,000Fund 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)
- Nov 29, 2023General Catalyst Group XII, L.P. filed Form D: no sales yet (indefinite offering), 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 Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE, MA, 02138 Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2023 Nov 29, 2023 Fact SEC EDGAR Form D data sets (quarterly)