Calstrs New and Next Generation Manager Fund I, L.P.
2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days. Last change: 30 Jun 2025, 1 public LP report name this vehicle; the latest, California State Teachers' Retirement System as of 30 Jun 2025, shows $100M committed and net IRR 8.4%, 1.87x (the LP's own figures).
Amounts, each with its basis
- Vintage
- 2024basis: 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
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $38.6Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 2
- Reported on ADV
- Mar 29, 2024 to Mar 29, 2024
Fundraising evidence
What 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.Lifecycle
Early deployment
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $38.6M | 2 | $100M | 0% | yes |
Principals and agents
Service providers
- AuditorBDO · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorSS&C · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · MENLO PARK, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose 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).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California State Teachers' Retirement System calstrs.com | 2005 | $100M | $75.3M | $135M | $5.8M | 8.4% | 1.9x | Jun 30, 2025 |
Known LPs and allocators
What 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.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | $100M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Jun 30, 2025CalSTRS reports CalSTRS New&Next Generation Manager Fund: $100,000,000 committed, vintage 2005, net IRR 8.4%, 1.87xLP commitment disclosed Fact Pension disclosure
- Mar 29, 2024Calstrs New and Next Generation Manager Fund I, L.P. first reported on Form ADV by Sapphire Ventures, LLC (Venture Capital Fund), GAV $38,590,739Fund first reported on Form ADV Fact Form ADV
- Mar 30, 2017Auditor changed: PwC replaced KPMG, first reported on the Form ADV filed March 30, 2017 (previous filing November 8, 2016)Auditor changed Fact Form ADV
Evidence
Every observation on this vehicle
Relationships across DFX
on 3 other DFX graphs · 5 capital paths
Calstrs New and Next Generation Manager Fund I, L.P. is the same institution as 3 records in Allocators, RIA and Wealth and Private Equity.
DFX found 3 relationships across 3 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…
Calstrs New and Next Generation Manager Fund I, L.P. sits on 5 traced paths of capital across the graphs.
DFX traced 5 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
- Event retracted2026-10-01
- LP commitment disclosed2025-06-30source on record
- Fund first reported on ADV2024-03-29source on record
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.