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 - Health Assurance, L.P.

General Catalyst Group Xii - Health Assurance, L.P.

Early deploymentUnknownFundADV: Venture Capital FundGeneral CatalystDelaware
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 021-498401, 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
$354Mon the Form ADV filed May 16, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
46
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
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2024Venture Capital Fund$354M
46$5.0M2%yes
May 16, 2024Venture Capital Fund$354M
46$5.0M2%yes
Principals and agents
7 principals on Form D, 2 placement agents
  • Kenneth E. Chenault Executive Officer
  • General Catalyst Partners XII, L.P. Executive Officer
  • Joel E. Cutler Executive Officer
  • David P. Fialkow Executive Officer
  • General Catalyst Group Management, LLC Executive Officer
  • General Catalyst GP XII, LLC Executive Officer
  • Hemant Taneja Executive Officer
  • Campbell Lutyens & Co. Inc. placement agent
  • Goldman Sachs & Co. LLC placement agent
Limited partners and their reported performance
4 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
California Public Employees' Retirement System calpers.ca.gov2024$100M$73.9M$4,358$84.2Mnot meaningful yetunknownDec 31, 2025
Los Angeles City Employees' Retirement System lacers.org2024$7.5M$5.5M$327$6.3M19.4%1.1xDec 31, 2025
New York State Common Retirement Fund osc.ny.gov2024$37.5M$15.8M$0$14.6Mnot meaningful yet0.9xMar 31, 2025
Los Angeles City Employees' Retirement System lacers.org2023$8.0Mn/an/an/anot meaningful yetunknownNov 29, 2023

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
7 events
  1. Dec 31, 2025
    LACERS reports General Catalyst Group XII – Health Assurance: $7,500,000 committed, vintage 2024, net IRR 19.4%, 1.14x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Dec 31, 2025
    CalPERS reports General Catalyst Group XII - Health Assurance, L.P.: $100,000,000 committed, vintage 2024
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Dec 31, 2025
    CalPERS reports General Catalyst Group XII - Health Assurance, L.P.: $100,000,000 committed, vintage 2024
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  4. Mar 31, 2025
    NYSCRF reports General Catalyst Group XII - Health Assurance, L.P.: $37,500,000 committed, vintage 2024
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  5. Mar 29, 2024
    General Catalyst Group Xii - Health Assurance, L.P. first reported on Form ADV by General Catalyst (Venture Capital Fund), GAV $353,642,219
    Fund 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)
  6. Nov 29, 2023
    General Catalyst Group XII - Health Assurance, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  7. Nov 29, 2023
    LACERS commits $8,000,000 to General Catalyst Group XII – Health Assurance (General Catalyst Group Management), closed 2023-11-29, existing relationship
    LP commitment closed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
Evidence
15 observations
Every observation on this vehicle