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 Xii, L.P.

Lightspeed Venture Partners Xii, L.P.

HarvestClosed to new capitalGrowth fundADV: Venture Capital FundLightspeed Venture PartnersCayman Islands
Amounts, each with its basis
Vintage
2018basis: 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
$2.1Bwhat may be sold, not what was raised; file 021-308598, sworn by the adviser or filed under this vehicle
Form D sold
$2.1Bas of the filing of Jun 21, 2019, 148 investors
First sale
Mar 28, 2018
Reported GAV
$1.6Bon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
120
Reported on ADV
Mar 29, 2019 to Mar 29, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2019-06-21: the stated $2.1bn offering reported fully sold (fr-1)
evidence dated Jun 21, 2019. 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: 8first sale: 2018-03-28vintage year: $2,018adv gav as of: 2024-03-29vintage basis: form_d_first_saleform d sold usd: $2.1Bform d offering usd: $2.1Bform d latest filed at: 2019-06-21
The fund's own reporting through time
8 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2019Venture Capital Fund$744M
1122%yes
Nov 25, 2019Venture Capital Fund$744M
1122%yes
Mar 27, 2020Venture Capital Fund$770M
1122%yes
Mar 29, 2021Venture Capital Fund$900M
1132%yes
Mar 25, 2022Venture Capital Fund$1.9B
1122%yes
Mar 29, 2023Venture Capital Fund$1.8B
1132%yes
Mar 29, 2024Venture Capital Fund$1.6B
1202%yes
Sep 14, 2026$1.6B
1212%
Principals and agents
14 principals on Form D, 0 placement agents
  • Peter Y. Nieh Director
  • Christopher J. Schaepe Director
  • Barry Y. Eggers Director
  • Lightspeed General Partner Select III, L.P. Director
  • Lightspeed Ultimate General Partner XII, Ltd. Director
  • Lightspeed Ultimate General Partner Select III, Ltd. Director
  • Jeremy J. Liew Director
  • Lightspeed General Partners XII, L.P. Director
  • Ravi J. Mhatre Director
  • Ravi Mhatre Director
  • Lightspeed General Partner Xii, L.P. Director
  • Jeremy Liew Director
  • Lightspeed General Partner Xii, L.P. general partner (ADV 7.B.(1).A.3)
  • Lightspeed General Partner Select III, L.P. general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Alaska Permanent Fund Corporation apfc.org2018$25.0Mn/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
5 events
  1. Dec 31, 2025
    APFC reports Lightspeed Venture Partners XII LP: $25,000,000 committed, vintage 2018
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Jun 21, 2019
    Lightspeed Venture Partners Select III, L.P. filed Form D/A: $2,113,827,411 sold of $2,113,827,411, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Mar 29, 2019
    Lightspeed Venture Partners Xii, L.P. first reported on Form ADV by Lightspeed Venture Partners (Venture Capital Fund), GAV $743,819,344
    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)
  4. Jul 11, 2018
    Lightspeed Venture Partners Select III, L.P. filed Form D/A: $1,802,000,000 sold of $1,802,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  5. Mar 26, 2018
    Lightspeed Venture Partners Select III, L.P. filed Form D: no sales yet of $1,800,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
64 observations
Every observation on this vehicle