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 / Lightspeed Opportunity Fund II, L.P.
Lightspeed Opportunity Fund II, L.P.
Active deploymentUnknownFeeder or parallelADV: Venture Capital FundLightspeed Venture PartnersCayman Islands
Amounts, each with its basis
- Vintage
- 2022basis: 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 021-422496, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Nov 24, 2021
- First sale
- unknown
- Reported GAV
- $2.3Bon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 104
- Reported on ADV
- Mar 25, 2022 to Mar 29, 2024
Fundraising evidence
Unknown
latest Form D 2021-11-24, older than 15 months (fr-1)
evidence dated Nov 24, 2021. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2024-03-29vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2021-11-24
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 25, 2022 | Venture Capital Fund | $716M | 32 | 1% | yes | ||
| Mar 29, 2023 | Venture Capital Fund | $2.4B | 104 | 1% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $2.3B | 104 | 1% | yes | ||
| Sep 14, 2026 | $2.6B | 205 | 2% |
Principals and agents
7 principals on Form D, 0 placement agents
- Ravi Mhatre Director
- Bejul Somaia Director
- Arif Janmohamed Director
- - Lightspeed Ultimate General Partner XIV-B (Ignite), Ltd. Director
- Lightspeed General Partner Xiv-B (ignite), L.P. Director
- Lightspeed General Partner Xiv-B (ignite), L.P. general partner (ADV 7.B.(1).A.3)
- Lightspeed General Partner Opportunity Fund II, L.P. general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2022 | $200M | $198M | $0 | $400M | 37.1% | 2.0x | 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, 2025CalPERS reports Lightspeed Opportunity Fund II, LP: $200,000,000 committed, vintage 2022, net IRR 37.1%, 2.0xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025CalPERS reports Lightspeed Opportunity Fund II, LP: $200,000,000 committed, vintage 2022, net IRR 37.1%, 2.0xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 25, 2022Lightspeed Opportunity Fund II, L.P. first reported on Form ADV by Lightspeed Venture Partners (Venture Capital Fund), GAV $716,250,000Fund 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)
- Nov 24, 2021Lightspeed Venture Partners XIV-B (Ignite), L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Adv pdf fund: LIGHTSPEED OPPORTUNITY FUND II, L.P. Sep 14, 2026 Fact IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Entity type: Other Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: CAYMAN ISLANDS Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06c, 3C, 3C.7 Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: equity,pooled Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 2200 SAND HILL ROAD, MENLO PARK, CA, 94025 Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Nov 24, 2021 Fact SEC EDGAR Form D data sets (quarterly)