1315 Capital
Philadelphia, United States 1315capital.com Philadelphia ecosystem (#9 of 32)
1315 Capital’s latest fund is 1315 Capital III: $350M, 2023, #125 of 427 firms by latest fund.
The numbers
| Year | Raised |
|---|---|
| 2018 | $300M |
| 2023 | $512M |
Updates from 1315 Capital
Overview
Growth-stage investor in commercial-stage healthcare companies.
Funds
| Fund | Closed | Size | Source |
|---|---|---|---|
| 1315 Capital III | 2023 | $350M | sec.gov |
| 1315 Capital Emerging Growth & Buyout | 2023 | $162M | sec.gov |
| 1315 Capital II first close | 2018 | $300M | biospace.com |
LPs on the record
3 private foundations list on their latest IRS Form 990-PF, and 3 other LPs report holding 1315 Capital’s funds.
- Los Angeles City Employees' Retirement System (LACERS)
- Eugene & Agnes E Meyer Foundation
- Dow Employees' Pension Plan
3 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Firms whose LPs overlap
The firms sharing the most LPs on record with 1315 Capital, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.
- Polaris Growth Management, LLC
- Centana Management, LLC
- Longitude Capital Management Co., LLC
- Khosla Ventures
Find LPs for 1315 Capital and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.
Track record
A score of 45 out of 100 from the 3 funds public LPs report, 1 of them in the top half of their vintage. Its ranked funds’ median TVPI is 1.40x and median DPI 0.48x. Pooled where reports give cash flows: 1.44x TVPI, 0.40x DPI. That ranks it 78th of 123 managers with a score.
Each fund once, as the latest of one LP’s reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.
Reported fund performance
As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.
| Fund | Vintage | Net IRR | Versus vintage (IRR) | TVPI | DPI | Reported by |
|---|---|---|---|---|---|---|
| 1315 Capital Fund III | 2022 | -0.8% | Bottom quartile | 0.99x | 0.00x | Los Angeles City Employees' Retirement System (LACERS) |
| 1315 Capital Fund II | 2018 | 11.9% | Third quartile | 1.40x | 0.48x | Los Angeles City Employees' Retirement System (LACERS) |
| 1315 Capital Fund | 2015 | 16.4% | Second quartile | 2.22x | 1.00x | Los Angeles City Employees' Retirement System (LACERS) |
Los Angeles City Employees' Retirement System (LACERS): LACERS Private Equity Portfolio Performance Report, as of December 31, 2025. "Net IRR" and "Net TVPI" as printed in the fund-by-fund appendix of the Private Equity Portfolio Performance Report that LACERS posts semiannually (prepared on its private equity consultant's template; the cover gives www.aksia.com). The report defines TVPI as (cumulative distributions + fair market value) / cumulative contributions and labels IRRs of investments held less than two years "n.m."; 27 funds have no IRR (n.m., or "-" in the report) and 14 have no multiple ("-", mostly commitments with nothing contributed yet), all shown as blank. Dollar amounts are whole US dollars as reported (inception-to-date contributions and distributions). Total value = distributions + fair market value, and DPI = distributions / contributions, are computed. All 408 partnerships in the report are included: 305 active and 103 liquidated (no remaining fair market value), of which 23 are in LACERS' Specialized Portfolio and the rest in its Core Portfolio. LACERS counts 36 Credit/Distressed and 15 Natural Resources (energy) partnerships as private equity in this report, alongside buyout, growth equity, venture capital, secondaries, co-investment and fund-of-funds vehicles; its separate private credit and real estate reports are not imported. View source
About this data
Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.