DFX Intelligence
NEW Enterprise Associates 16, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
10 additional principals, 3 additional placement agents, 1 additional LP report or investment, 1 event
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
- 3 LP reportspublic disclosures
3 public LP reports name this vehicle;
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 →
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2018basis: 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
- $3.0Bwhat may be sold, not what was raised; file 021-278594, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jan 17, 2017
- First sale
- unknown
- Reported GAV
- $4.7Bon the Form ADV filed Aug 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 241
- Reported on ADV
- Mar 29, 2018 to Aug 26, 2026
Fundraising evidenceWhat 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.
Unknown
latest Form D 2017-01-17, older than 15 months (fr-1)
evidence dated Jan 17, 2017.
LifecycleHarvest
vintage over 7 years, still reported
age years: 8first sale: n/avintage year: 2018adv gav as of: Aug 26, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $3.0Bform d latest filed at: Jan 17, 2017
The fund's own reporting through time
13 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2018 | Venture Capital Fund | $393M | 239 | $50,000 | 2% | yes | |
| Mar 27, 2019 | Venture Capital Fund | $1.5B | 238 | $50,000 | 2% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $2.5B | 238 | $50,000 | 2% | yes | |
| Jan 22, 2021 | Venture Capital Fund | $2.5B | 238 | $50,000 | 2% | yes | |
| Mar 29, 2021 | Venture Capital Fund | $4.9B | 237 | $50,000 | 2% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $5.5B | 239 | $50,000 | 2% | yes | |
| Dec 21, 2022 | Venture Capital Fund | $4.2B | 239 | $50,000 | 2% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $4.4B | 239 | $50,000 | 2% | yes | |
| Nov 8, 2023 | Venture Capital Fund | $4.4B | 239 | $50,000 | 2% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $4.4B | 239 | $50,000 | 2% | yes | |
| Apr 25, 2024 | Venture Capital Fund | $4.4B | 239 | $50,000 | 2% | yes | |
| Nov 25, 2024 | Venture Capital Fund | $4.4B | 239 | $50,000 | 2% | yes | |
| Aug 26, 2026 | Venture Capital Fund | $4.7B | 241 | $50,000 | 2% |
Principals and agents
13 principals on Form D, 0 placement agents
- Chetan M. Puttagunta Executive Officer
- NEA 16 GP, LLC Executive Officer
- Joshua H. Makower Executive Officer
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorPwC · BALTIMORE, Maryland, United StatesForm ADV filed Aug 26, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Aug 26, 2026 reports.adviserinfo.sec.gov
- CustodianCiti · NEW CASTLE, Delaware, United StatesForm ADV filed Aug 26, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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).
3 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Alaska Permanent Fund Corporation apfc.org | 2017 | $25.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2017 | Not disclosed | Not disclosed | Not disclosed | Not disclosed | 8.9% | 1.6x | Dec 31, 2025 |
| California State Teachers' Retirement System calstrs.com | 2017 | $300M | $282M | $119M | $310M | 8.2% | 1.5x | Jun 30, 2025 |
Known LPs and allocatorsWhat 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.
4 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | $300M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
| Alaska Permanent Fund Corporation | SOVEREIGN LINKED US ALLOCATOR | $25.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | $25.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
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
6 events
- Dec 31, 2025LACERS reports New Enterprise Associates 16: an undisclosed amount committed, vintage 2017, net IRR 8.9%, 1.63xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025APFC reports New Enterprise Associates 16 LP: $25,000,000 committed, vintage 2017LP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports New Enterprise Associates 16, LP: $300,000,000 committed, vintage 2017, net IRR 8.2%, 1.52xLP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports New Enterprise Associates 16, LP: $300,000,000 committed, vintage 2017, net IRR 8.2%, 1.52xLP commitment disclosed Fact Pension disclosure
- Mar 29, 2018NEW Enterprise Associates 16, L.P. first reported on Form ADV by NEW Enterprise Associates (Venture Capital Fund), GAV $393,088,810Fund first reported on Form ADV Fact Form ADV
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 17, 2017 Fact Form D
- Form D fund type: Venture Capital Fund Jan 17, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 17, 2017 Fact Form D
- Amendment: false Jan 17, 2017 Fact Form D
- Revenue range (Form D): Not Applicable Jan 17, 2017 Fact Form D
- Incorporated: withinFiveYears Jan 17, 2017 Fact Form D
- Jurisdiction: Delaware Jan 17, 2017 Fact Form D
- Amount sold (Form D): $0 Jan 17, 2017 Fact Form D
- Offering amount (Form D): $3.0B Jan 17, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jan 17, 2017 Fact Form D
- Investors (Form D): 0 Jan 17, 2017 Fact Form D
- Minimum investment (Form D): 0 Jan 17, 2017 Fact Form D
- Securities offered: pooled Jan 17, 2017 Fact Form D
- Office address: Jan 17, 2017 Fact Form D
- Year of incorporation: 2017 Jan 17, 2017 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 20 capital paths
Across the graphs
NEW Enterprise Associates 16, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
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…
Capital chain
NEW Enterprise Associates 16, L.P. sits on 20 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 20 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
6 dated events on the change ledger, latest event first
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-06-30source on record
+3 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.