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 / Institutional Venture Partners Xv, L.P.
Institutional Venture Partners Xv, L.P.
HarvestClosed to new capitalFundADV: Venture Capital FundInstitutional Venture Management Xv, LLCDelaware
Amounts, each with its basis
- Vintage
- 2015basis: form d first sale
- 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
- $1.4Bwhat may be sold, not what was raised; file 021-239149, sworn by the adviser or filed under this vehicle
- Form D sold
- $1.4Bas of the filing of May 5, 2015, 159 investors
- First sale
- Apr 21, 2015
- Reported GAV
- $2.1Bon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 165
- Reported on ADV
- Jun 9, 2015 to Mar 27, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2015-05-05: the stated $1.4bn offering reported fully sold (fr-1)
evidence dated May 5, 2015. 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
Harvest
vintage over 7 years, still reported
age years: 11first sale: 2015-04-21vintage year: $2,015adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $1.4Bform d offering usd: $1.4Bform d latest filed at: 2015-05-05
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 9, 2015 | Venture Capital Fund | $1.4B | 159 | $100,000 | 2% | yes | |
| Mar 25, 2016 | Venture Capital Fund | $1.4B | 159 | $100,000 | 2% | yes | |
| Mar 23, 2017 | Venture Capital Fund | $1.5B | 160 | $100,000 | 2% | yes | |
| Mar 26, 2018 | Venture Capital Fund | $1.5B | 163 | $100,000 | 2% | yes | |
| Mar 26, 2019 | Venture Capital Fund | $1.7B | 163 | $100,000 | 2% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $2.2B | 163 | $100,000 | 2% | yes | |
| Mar 26, 2021 | Venture Capital Fund | $3.0B | 164 | $100,000 | 2% | yes | |
| Mar 25, 2022 | Venture Capital Fund | $3.8B | 164 | $100,000 | 2% | yes | |
| Mar 27, 2023 | Venture Capital Fund | $2.6B | 164 | $100,000 | 2% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $2.1B | 165 | $100,000 | 2% | yes |
Principals and agents
9 principals on Form D, 0 placement agents
- Eric a. Liaw Promoter
- Jules a. Maltz Promoter
- Norman a. Fogelsong Promoter
- Dennis B. Phelps Promoter
- J. Sanford J. Miller Promoter
- Stephen J. Harrick Promoter
- General Partner Institutional Venture Management XV, LLC Promoter
- Somesh a. Dash Promoter
- Todd C. Chaffee Promoter
Limited partners and their reported performance
2 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Alaska Permanent Fund Corporation apfc.org | 2015 | $48.6M | n/a | n/a | n/a | not meaningful yet | unknown | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2015 | n/a | n/a | n/a | n/a | 22.8% | 2.9x | 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, 2025LACERS reports Institutional Venture Partners XV: an undisclosed amount committed, vintage 2015, net IRR 22.8%, 2.87xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025APFC reports Institutional Venture Partners XV LP: $48,600,000 committed, vintage 2015LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jun 9, 2015Institutional Venture Partners Xv, L.P. first reported on Form ADV by Institutional Venture Management Xv, LLC (Venture Capital Fund), GAV $1,428,571,429Fund 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)
- May 5, 2015Institutional Venture Partners XV, L.P. filed Form D: $1,400,000,000 sold of $1,400,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $1.4B May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $1.4B May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2015-04-21 May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 159 May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 3000 SAND HILL ROAD, BUILDING 2, SUITE 250, MENLO PARK, CA, 94025 May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2015 May 5, 2015 Fact SEC EDGAR Form D data sets (quarterly)