Union Square Ventures 2004, LP
No longer reported on Form ADV; the fund appears wound down.
1 additional placement agent, 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
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, Oregon Public Employees Retirement Fund as of 31 Mar 2026, shows $25M committed and net IRR 66.9%, 13.82x (the LP's own figures).
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 →
Amounts, each with its basis
- Vintage
- 2004basis: name year
- 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; file 021-71341, sworn by the adviser or filed under this vehicle
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $15.0Mon the Form ADV filed Mar 31, 2022; the fund's assets, never its size or dry powder
- Owners (ADV)
- 66
- Reported on ADV
- Mar 28, 2012 to Mar 31, 2022no longer reported: wound down, transferred or renamed
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
Wound down
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 28, 2012 | Venture Capital Fund | $975M | 66 | 2% | yes | ||
| Apr 2, 2013 | Venture Capital Fund | $714M | 66 | 2% | yes | ||
| Mar 28, 2014 | Venture Capital Fund | $1.5B | 66 | 2% | yes | ||
| Mar 20, 2015 | Venture Capital Fund | $313M | 66 | 2% | yes | ||
| Feb 18, 2016 | Venture Capital Fund | $300M | 66 | 2% | yes | ||
| May 5, 2017 | Venture Capital Fund | $43.3M | 66 | 2% | yes | ||
| Mar 30, 2018 | Venture Capital Fund | $33.3M | 66 | 2% | yes | ||
| Mar 27, 2019 | Venture Capital Fund | $31.0M | 66 | 2% | yes | ||
| Mar 31, 2020 | Venture Capital Fund | $14.4M | 66 | 2% | yes | ||
| Mar 30, 2021 | Venture Capital Fund | $14.4M | 66 | 2% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $15.0M | 66 | 2% | yes |
Principals and agents
Service providers
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 |
|---|---|---|---|---|---|---|---|---|
| Oregon Public Employees Retirement Fund oregon.gov | 2004 | $25.0M | $22.3M | $307M | $0 | 66.9% | 13.8x | Mar 31, 2026 |
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 |
|---|---|---|---|---|
| Oregon Public Employees Retirement Fund | PUBLIC INSTITUTIONAL POOL | $25.0M committed | reported as of Mar 31, 2026 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Mar 31, 2026OPERF reports Union Square Ventures 2004: $25,000,000 committed, vintage 2004, net IRR 66.9%, 13.82xLP commitment disclosed Fact Pension disclosure
- Mar 31, 2026OPERF reports Union Square Ventures 2004: $25,000,000 committed, vintage 2004, net IRR 66.9%, 13.82xLP commitment disclosed Fact Pension disclosure
- Mar 30, 2023Union Square Ventures 2004, LP no longer reported on Form ADV by Union Square VenturesFund no longer reported Inference Form ADV
- Mar 27, 2019Auditor changed: BDO replaced RSM, first reported on the Form ADV filed March 27, 2019 (previous filing March 30, 2018)Auditor changed Fact Form ADV
- Mar 20, 2015Auditor changed: RSM replaced FESNAK & ASSOCIATES, first reported on the Form ADV filed March 20, 2015 (previous filing March 28, 2014)Auditor changed Fact Form ADV
Evidence
Every observation on this vehicle
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
Union Square Ventures 2004, LP is the same institution as 2 records in Allocators and RIA and Wealth.
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…
Union Square Ventures 2004, LP 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
- LP commitment disclosed2026-03-31source on record
- LP commitment disclosed2026-03-31source on record
- Fund dropped from ADV2023-03-30source on record
+1 more change 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.