Battery Ventures

Overview

Also invests in buyouts. The firm says it has raised more than $16B since inception, which is not the same as current AUM.

Funds

LPs on the record

4 private foundations list on their latest IRS Form 990-PF, and 16 other LPs report holding Battery Ventures’s funds.

• Alaska Permanent Fund Corporation (APFC) Sovereign wealth fund · 11 funds
• Deseret Mutual Master Retirement Plan Corporate pension plan · 7 funds
• FS MVP Private Markets Fund Registered fund · 7 funds

17 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 Battery Ventures, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

• Canaan Partners 6 LPs in common
• New Enterprise Associates 9 LPs in common
• Trident Capital, Inc. 3 LPs in common
• Lightspeed Venture Partners 6 LPs in common
• Meritech Capital 4 LPs in common
• Northedge Capital LLP 2 LPs in common

Find LPs for Battery Ventures and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Track record

A score of 54 out of 100 from one of the 18 funds public LPs report, in the top half of its vintage. Its ranked funds’ median TVPI is 1.26x and median DPI 0.00x. Pooled where reports give cash flows: 1.26x TVPI, 0.00x DPI. That ranks it 51st of 123 managers with a score.

Each fund once, as the latest of 8 LPs’ 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.

Alaska Permanent Fund Corporation (APFC): APFC Private Equity Report: Private Equity Fund Commitments & Direct Investments / Co-Investments, as of December 31, 2025. APFC's quarterly Private Equity report ("Private Equity Fund Commitments & Direct Investments / Co-Investments") lists each fund with only its currency, "Vintage Year" and "Commitment (USD)", shown here in whole US dollars as printed. It reports no contributions, distributions, market value, multiple or IRR per fund, so paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. All 454 entries of the report's "Fund Investments" list are included ($17,570,561,197 committed); 15 have the vintage year "TBD" (blank here) and 45 are commitments in another currency that APFC states in US dollars. The report's separate "Direct Investments / Co-Investments" list (56 entries, $2,792,151,600: portfolio companies, co-investment vehicles and manager stakes) is not imported. The two lists add up to the report's printed Total Commitments of $20,362,712,795. For the whole portfolio, including liquidated investments, the report prints Cumulative Contributions of $20,951,089,446, Cumulative Distributions of $22,493,801,627 and a Remaining Fair Market Value of $15,555,575,745. APFC is a state-owned corporation that manages the Alaska Permanent Fund, not a pension plan; its separate Private Income report is not imported. View source

Alaska Retirement Management Board (ARMB): ARMB Financial Report: All Non-Participant Directed Plans by Manager, Private Equity, as of August 31, 2026. The Board's monthly Financial Report lists its private equity holdings in a schedule "by Manager" for all non-participant directed plans together, with only the month's "Beginning Invested Assets", "Investment Income", "Net Contributions and (Withdrawals)" and "Ending Invested Assets" per line. The ending invested assets are shown here as the market value, in whole dollars as printed. The report gives no commitment amount, contributions or distributions since inception, vintage year, multiple or IRR per fund, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The 44 partnerships listed by name in the Private Equity block are included as the Board classifies them ($1,126,572,157 together). 2 lines carry a manager's name rather than a fund's, "Abbott Capital" ($1,983,788,146) and "Pathway Capital Management LLC" ($2,124,391,187), without the partnerships held in those accounts; they are not funds and are left out, so this list covers only part of the Board's private equity. All lines add up to the report's Total Private Equity of $5,234,751,490. The schedule's other blocks (fixed income, public equity, multi-asset, real assets) are not imported. View source

Fire and Police Pension Association of Colorado (FPPA): FPPA Annual Report: Asset Allocation by Category and Investment Manager, Private Capital, as of December 31, 2025. Holdings only: the annual report's "Asset Allocation by Category and Investment Manager" schedule lists each Private Capital fund of the Fire & Police Members' Benefit Investment Fund with its management fees for the year, a "1 Year Net Return %" and "Total Assets" at year-end. Total Assets is shown here as the market value, in whole dollars as printed. The report gives no commitment, contributions, distributions, vintage year, multiple or IRR per fund, so those are blank; nothing is derived or estimated. The one-year return is not an IRR (the report says its performance calculations use time-weighted rates of return, net of fees unless otherwise indicated) and is not imported; FPPA prints none for 47 funds (hired during the year, or "Not Meaningful": it does not report returns for illiquid partnership investments with less than 36 months of history). Fund names are printed in a shortened form and are shown as printed, without the report's footnote marks. All 168 funds of the Private Capital class are included as FPPA classifies them (the notes to the financial statements also count 168 Private Capital funds, "with exposure to buyout funds, venture capital and special situations"); it does not separate buyout, venture, secondaries, special situations and private credit funds. They add up to the report's Total Private Capital of $1,951,118,339 (and $22,648,007 of management fees). The schedule's Real Assets and Real Estate classes and its public-market managers are not imported. View source

Employees' Retirement System of the State of Hawaii (HIERS): HIERS Private Equity Partnerships: Performance Summary by Investment, as of March 31, 2026. ERS posts a quarterly "Performance Summary by Investment" of its private equity partnerships in which only "Capital Committed", "Paid-In Capital" and "Reported Market Value" (with the date of that value) are filled in; the Capital Distributed, Remaining Cost, Net IRR and TVM columns are empty in the published version. So committed, paid-in and market value are shown, in whole US dollars as printed, and distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report says paid-in capital includes both commitment and non-commitment reducing capital calls, that cash flows are HIERS' actual cash paid and received, and that market values reflect HIERS' unrealized interest in each investment. "Vintage Year" is as printed. All 371 investments are included as ERS classifies them by strategy (61 Buyout - Large, 42 Buyout - Mega, 59 Buyout - Mid, 13 Buyout - Small, 3 Co/Direct Investment, 6 Distressed Debt, 40 Growth Equity, 10 Mezzanine, 2 Secondaries, 10 Special Situations, 125 Venture Capital), in the report's blocks: Core (334), Stafford Capital Management - 1 (8), Stafford Capital Management - 2 (11), Stafford Capital Management - 3 (17), Stafford Ho'oulu Fund (1); the Stafford Capital Management blocks list the partnerships held through the Hawaii Targeted Investment Program funds (HiTIP I, II and III) that ERS's Holdings page also reports separately. They add up to the printed Grand Total of $8,371,769,464 committed, $6,707,086,129 paid in and $5,197,639,074 reported market value. 114 investments have no remaining value (liquidated, or not yet called), shown as 0; 9 others carry a value dated before the report date. Each page of the report carries the legend "Institutional Use Only/Not for Public Use | Proprietary and Confidential"; this is the version ERS itself posts on its Holdings page. ERS's separate private credit, real assets and timber reports are not imported. View source

New Mexico Educational Retirement Board (NMERB): NMERB Quarterly Private Markets Performance Report, as of December 31, 2025. IRR as printed under "SI IRR" (since inception) in the "Analysis by Fund" table of NMERB's Quarterly Private Markets Performance Report, which is prepared by NEPC, LLC. The report does not label the IRR net or gross: its glossary says the IRR takes into account the timing of cash contributions to and distributions from the partnerships and the reported value, and its disclosures say returns are reported net of manager fees unless otherwise noted. Commitment, cumulative contributions, cumulative distributions, "Total Value" (distributions plus the reported valuation), DPI and TVPI are the report's own columns, in whole US dollars as printed; nothing is derived. "Vintage Year" is as printed; the report does not define it. All 129 investments in the table's Private Equity block are included as NMERB classifies them (the report's strategies are buyouts, co-investment, distressed, energy, growth equity, mezzanine, secondaries, special situations and venture capital), adding up to the block's Sub Total of $5,875,976,473 committed, $5,087,374,565 contributed, $4,588,145,978 distributed and $8,267,554,475 total value. 8 commitments had nothing contributed yet: the report prints 0.00 multiples for them, shown here as blank, and 8 funds in all have no IRR. The table's Private Debt (15 funds) and Real Assets (5 funds) blocks are not imported, and NMERB's separate infrastructure and real estate and natural resources reports are not either. View source

Orange County Employees Retirement System (OCERS): OCERS Private Equity Portfolio Summary, as of December 31, 2025. "Net IRR" and "TVPI" as printed in the "Portfolio Summary by Status" of the quarterly OCERS - Private Equity Portfolio Report that OCERS posts on its website (the report's legend names Aksia LLC as its source). The report gives every amount in $ millions to one decimal; they are converted to whole dollars here, so each is rounded to the nearest $100,000: Total Commitment, Contributions and Distributions. Total value = Distributions + NAV is computed; DPI is left blank because amounts rounded to $0.1 million do not give a reliable ratio for small funds. Vintage is the report's "Vintage Year". The report marks the IRR of investments held less than 24 months "n.m." (not meaningful); 64 funds have no IRR (n.m., or "-" for commitments with nothing contributed yet) and 17 have no TVPI, all shown as blank. 12 funds' values are marked by the report as adjusted for contributions and distributions since the last valuation, which is before the report date. All 237 funds in the report are included: 211 active and 26 liquidated (no remaining NAV), adding up to the report's printed totals of $6.90 billion committed, $5.09 billion contributed and $5.39 billion NAV. OCERS's private equity portfolio as it reports it includes funds of funds, secondaries, co-investments and a few private credit funds; its separate Real Assets and Real Estate summaries are not imported. View source

Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS): PSRS/PEERS Annual Comprehensive Financial Report: Private Equity Partnerships, as of June 30, 2025. Holdings only: the Private Equity Partnerships table of the Systems' Annual Comprehensive Financial Report lists each manager's fund family on one row, naming the funds held together (for example several consecutive funds of one series), with an investment strategy and one combined "Fair Value" at the June 30 fiscal year-end, shown here as the market value in whole dollars as printed. The report says the Systems were invested in 278 separate partnerships with 91 firms in the Private Equity asset class; the table has 104 rows, so a row can stand for several partnerships and its value is their total. It reports no commitment, contributions, distributions, vintage year, multiple or IRR per row, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report says fair values are reported by the Systems' private equity advisors and reflect the most current net asset values, cash-flow adjusted through June 30 where a net asset value was older. Every partnership row is included as classified by the Systems (8 Venture Capital, 8 debt-related (distressed, opportunistic, mezzanine) and 1 Fund-of-Funds, the discretionary fund-of-funds relationship reported under its manager's name, alongside acquisition, special situations and secondary funds); the table's "Stock distribution account" and "Cash and Equivalents" rows are left out. The rows add up to the table's printed Total of $10,632,702,691. The separate Private Credit and Private Real Estate partnership tables are not imported. View source

Pennsylvania SERS: SERS Quarterly Private Equity Board Update, Schedule of Investments by Sector, as of December 31, 2025. IRR and TVM (total value multiple) as reported by SERS in a quarterly update prepared by StepStone Group. The schedule's column is headed "IRR"; the report says "Net IRR is net of managers' fees, expenses, and carried interest" and that, unless otherwise indicated, performance is net of fees and expenses charged by the underlying investment but gross of StepStone vehicle/account fees and expenses. It also says the figures were prepared by StepStone on behalf of SERS and not provided by any general partner, and that IRR and TVM for certain vehicles may have been impacted by subscription-backed credit facilities. Total value = market value + distributions; TVPI is SERS's TVM recomputed to two decimals from the reported amounts (SERS prints one decimal) and DPI = distributions / contributions is computed. SERS marks some partnerships NM ("Not Meaningful", no rule stated) and leaves the TVM and IRR cells, and usually the market value, empty for 29 others; those fields are blank here. Covers the buyout, growth equity and special situations partnerships on the schedule; the Keystone Legacy Fund line (SERS's pooled non-core legacy funds) and the separate legacy private credit schedule are not included. Commitments to non-USD funds reflect current exchange rates. View source