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 / Lightspeed Venture Partners Xi, LP

Lightspeed Venture Partners Xi, LP

HarvestClosed to new capitalFundADV: Venture Capital FundLightspeed Venture PartnersCayman Islands
Amounts, each with its basis
Vintage
2016basis: 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
$715Mwhat may be sold, not what was raised; file 021-258872, sworn by the adviser or filed under this vehicle
Form D sold
$715Mas of the filing of Mar 9, 2016, 92 investors
First sale
Mar 3, 2016
Reported GAV
$1.3Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
102
Reported on ADV
Mar 29, 2016 to Sep 14, 2026
Fundraising evidence
Closed to new capital
Form D filed or amended 2016-03-09: the stated $715.0M offering reported fully sold (fr-1)
evidence dated Mar 9, 2016. 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: 10first sale: 2016-03-03vintage year: $2,016adv gav as of: 2026-09-14vintage basis: form_d_first_saleform d sold usd: $715Mform d offering usd: $715Mform d latest filed at: 2016-03-09
The fund's own reporting through time
12 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2016Venture Capital Fund$715M
912%yes
Aug 30, 2016Venture Capital Fund$715M
912%yes
Mar 30, 2017Venture Capital Fund$698M
932%yes
Mar 27, 2018Venture Capital Fund$682M
932%yes
Mar 29, 2019Venture Capital Fund$834M
942%yes
Nov 25, 2019Venture Capital Fund$834M
942%yes
Mar 27, 2020Venture Capital Fund$856M
942%yes
Mar 29, 2021Venture Capital Fund$981M
942%yes
Mar 25, 2022Venture Capital Fund$2.7B
942%yes
Mar 29, 2023Venture Capital Fund$2.5B
942%yes
Mar 29, 2024Venture Capital Fund$1.9B
1012%yes
Sep 14, 2026$1.3B
1022%
Principals and agents
9 principals on Form D, 0 placement agents
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Alaska Permanent Fund Corporation apfc.org2016$15.0Mn/an/an/anot meaningful yetunknownDec 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
3 events
  1. Dec 31, 2025
    APFC reports Lightspeed Venture Partners XI LP: $15,000,000 committed, vintage 2016
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Mar 29, 2016
    Lightspeed Venture Partners Xi, LP first reported on Form ADV by Lightspeed Venture Partners (Venture Capital Fund), GAV $715,000,000
    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)
  3. Mar 9, 2016
    Lightspeed Venture Partners XI, L.P. filed Form D: $715,000,000 sold of $715,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
17 observations
Every observation on this vehicle