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 Select V, L.P.

Lightspeed Venture Partners Select V, L.P.

Active deploymentUnknownGrowth fundADV: 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 021-422492, 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
$4.0Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
219
Reported on ADV
Mar 25, 2022 to Sep 14, 2026
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: 2026-09-14vintage 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
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 25, 2022Venture Capital Fund$703M
932%yes
Mar 29, 2023Venture Capital Fund$2.2B
2152%yes
Mar 29, 2024Venture Capital Fund$2.2B
2162%yes
Sep 14, 2026$4.0B
2192%
Principals and agents
6 principals on Form D, 0 placement agents
  • Ravi Mhatre Director
  • Lightspeed General Partner Select V, L.P. Director
  • Bejul Somaia Director
  • Arif Janmohamed Director
  • - Lightspeed Ultimate General Partner Select V, Ltd. Director
  • Lightspeed General Partner Select V, L.P. general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
2 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
California Public Employees' Retirement System calpers.ca.gov2022$100M$94.0M$0$147M21.5%1.6xDec 31, 2025
Alaska Permanent Fund Corporation apfc.org2022$26.7Mn/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 Select V LP: $26,700,000 committed, vintage 2022
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Dec 31, 2025
    CalPERS reports Lightspeed Venture Partners Select V, L.P.: $100,000,000 committed, vintage 2022, net IRR 21.5%, 1.6x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Dec 31, 2025
    CalPERS reports Lightspeed Venture Partners Select V, L.P.: $100,000,000 committed, vintage 2022, net IRR 21.5%, 1.6x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  4. Mar 25, 2022
    Lightspeed Venture Partners Select V, L.P. first reported on Form ADV by Lightspeed Venture Partners (Venture Capital Fund), GAV $703,320,000
    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)
  5. Nov 24, 2021
    Lightspeed Venture Partners Select V, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle