BVP Forge Institutional, L.P.
4 additional principals, 1 additional placement agent, 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, California Public Employees' Retirement System as of 31 Dec 2025, shows $35M committed and net IRR 15.5%, 1.20x (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 → - +33%reported GAV
Reported gross assets rose from $449M to $595M between the Form ADV filings of 20 Jun 2024 and 13 May 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2023basis: 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 021-450552, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 28, 2022
- First sale
- unknown
- Reported GAV
- $595Mon the Form ADV filed May 13, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 53
- Reported on ADV
- Mar 31, 2023 to May 13, 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
Active deployment
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Private Equity Fund | $463M | 52 | $10.0M | 13% | yes | |
| Apr 26, 2023 | Private Equity Fund | $463M | 52 | $10.0M | 13% | yes | |
| Mar 29, 2024 | Private Equity Fund | $449M | 52 | $10.0M | 13% | yes | |
| May 8, 2024 | Private Equity Fund | $449M | 52 | $10.0M | 13% | yes | |
| Jun 20, 2024 | Private Equity Fund | $449M | 52 | $10.0M | 13% | yes | |
| May 13, 2026 | Private Equity Fund | $595M | 53 | $10.0M | 13% |
Principals and agents
- Brian J. Feinstein Executive Officer/Promoter
- Robert J. Goodman Executive Officer/Promoter
- Scott Ring Executive Officer/Promoter
Service providers
- AuditorEY · NEW YORK, New York, United StatesForm ADV filed May 13, 2026 reports.adviserinfo.sec.gov
- CustodianCarta · PALO ALTO, California, United StatesForm ADV filed May 13, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEWARK, Delaware, United StatesForm ADV filed May 13, 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 | 2023 | $35.0M | $31.6M | $0 | $38.6M | 15.5% | 1.2x | Dec 31, 2025 |
| California State Teachers' Retirement System calstrs.com | 2023 | $20.0M | $10.2M | Not disclosed | $13.2M | 17.2% | 1.3x | Jun 30, 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 | $35.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | $20.0M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025CalPERS reports BVP Forge Institutional L.P.: $35,000,000 committed, vintage 2023, net IRR 15.5%, 1.2xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports BVP Forge Institutional L.P.: $35,000,000 committed, vintage 2023, net IRR 15.5%, 1.2xLP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports BVP Forge Institutional L.P.: $20,000,000 committed, vintage 2023, net IRR 17.2%, 1.29xLP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports BVP Forge Institutional L.P.: $20,000,000 committed, vintage 2023, net IRR 17.2%, 1.29xLP commitment disclosed Fact Pension disclosure
- Mar 31, 2023BVP Forge Institutional, L.P. first reported on Form ADV by Bessemer Venture Partners (Private Equity Fund), GAV $463,050,547Fund first reported on Form ADV Fact Form ADV
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Jun 28, 2022 Fact Form D
- Form D fund type: Private Equity Fund Jun 28, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 28, 2022 Fact Form D
- Amendment: false Jun 28, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 28, 2022 Fact Form D
- Incorporated: withinFiveYears Jun 28, 2022 Fact Form D
- Jurisdiction: Delaware Jun 28, 2022 Fact Form D
- Amount sold (Form D): $0 Jun 28, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 28, 2022 Fact Form D
- Indefinite offering: true Jun 28, 2022 Fact Form D
- Investors (Form D): 0 Jun 28, 2022 Fact Form D
- Minimum investment (Form D): 0 Jun 28, 2022 Fact Form D
- Securities offered: Equity, pooled Jun 28, 2022 Fact Form D
- Office address: Jun 28, 2022 Fact Form D
- Year of incorporation: 2022 Jun 28, 2022 Fact Form D
Relationships across DFX
on 3 other DFX graphs · 10 capital paths
BVP Forge Institutional, L.P. 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…
BVP Forge Institutional, L.P. sits on 10 traced paths of capital across the graphs.
DFX traced 10 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
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-06-30source on record
+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.