Foundry Group Next 2018, LLP
2 additional placement agents
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, Colorado Public Employees' Retirement Association as of 31 Dec 2025, shows $50M committed and net IRR 11.2% (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 → - +65%reported GAV
Reported gross assets rose from $779M to $1.29B between the Form ADV filings of 25 Mar 2024 and 15 Sep 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2018basis: name year
- 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; file 021-1739641, sworn by the adviser or filed under this vehicle
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $1.3Bon the Form ADV filed Sep 15, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 64
- Reported on ADV
- Mar 27, 2019 to Sep 15, 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 27, 2019 | Venture Capital Fund | $766M | 63 | $5.0M | 3% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $749M | 63 | $5.0M | 3% | yes | |
| Jun 5, 2020 | Venture Capital Fund | $749M | 63 | $5.0M | 3% | yes | |
| Nov 9, 2020 | Venture Capital Fund | $749M | 63 | $5.0M | 3% | yes | |
| Mar 31, 2021 | Venture Capital Fund | $899M | 63 | $5.0M | 3% | yes | |
| Mar 30, 2022 | Venture Capital Fund | $1.3B | 63 | $5.0M | 3% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $1.1B | 63 | $5.0M | 3% | yes | |
| Apr 14, 2023 | Venture Capital Fund | $1.1B | 63 | $5.0M | 3% | yes | |
| Jun 27, 2023 | Venture Capital Fund | $1.1B | 63 | $5.0M | 3% | yes | |
| Mar 25, 2024 | Venture Capital Fund | $779M | 63 | $5.0M | 3% | yes | |
| Sep 15, 2026 | Venture Capital Fund | $1.3B | 64 | $5.0M | 3% |
Principals and agents
Service providers
- AuditorRSM · BLUE BELL, Pennsylvania, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- AdministratorAlter Domus · SALT LAKE CITY, Utah, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianCOINBASE · NEW YORK, New York, United StatesForm ADV filed Mar 26, 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 |
|---|---|---|---|---|---|---|---|---|
| Colorado Public Employees' Retirement Association content.copera.org | 2018 | $50.0M | $49.3M | $4.0M | Not disclosed | 11.2% | 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 |
|---|---|---|---|---|
| Colorado Public Employees' Retirement Association | STATE RETIREMENT SYSTEM | $50.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Wenner-Gren Foundation for Anthropological Research Inc | FOUNDATION | $2.1M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Unbound Philanthropy | FOUNDATION | $3.2M 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, 2025Colorado PERA reports Foundry Group Next 2018, L.P.: $50,000,000 committed, vintage 2018LP commitment disclosed Fact Pension disclosure
- Mar 30, 2022Administrator changed: Alter Domus replaced STRATA FUND SOLUTIONS LLC, first reported on the Form ADV filed March 30, 2022 (previous filing March 31, 2021)Administrator changed Fact Form ADV
- Mar 27, 2019Foundry Group Next 2018, LLP first reported on Form ADV by Foundry Group, LLC (Venture Capital Fund), GAV $766,304,236Fund first reported on Form ADV Fact Form ADV
Evidence
Every observation on this vehicle
Relationships across DFX
on 2 other DFX graphs · 15 capital paths
Foundry Group Next 2018, LLP 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…
Foundry Group Next 2018, LLP sits on 15 traced paths of capital across the graphs.
DFX traced 15 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 ADV2019-03-27source 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.