Bessemer Venture Partners XII
Bessemer Venture Partners Vintage 2024 Reported by CalSTRS
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| CalSTRS | 2025-06-30 | $30M | $8.7M | $0M | $8.4M | -4.5% | 0.97x | 0.00x |
Paid in Distributed Remaining value
2024 vintage in CalSTRS’s portfolio
All 21 funds of vintage 2024 in CalSTRS’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.
| # | Fund | Net IRR | TVPI | DPI |
|---|---|---|---|---|
| 1 | ICG Strategic Equity Fund V LP | 149.4% | 1.48x | 0.00x |
| 2 | The Resolute Fund VI, L.P. | 44.2% | 1.37x | 0.00x |
| 3 | Clayton, Dubilier & Rice Fund XII | 37.2% | 1.30x | 0.10x |
| 4 | Searchlight Capital IV LP | 34.2% | 1.20x | 0.00x |
| 5 | Institutional Venture Partners XVIII, L.P. | 30.9% | 1.14x | 0.00x |
| 6 | Apax XI USD L.P. | 23.8% | 1.16x | 0.00x |
| 7 | Cinven Fund VIII | 20.3% | 1.13x | 0.00x |
| 8 | CVC Capital Partners Asia VI | 19.9% | 1.19x | 0.12x |
| 9 | TPG Asia VIII (A) | 17.5% | 1.16x | 0.00x |
| 10 | CVC Capital Partners IX A LP | 13.5% | 1.14x | 0.02x |
| 11 | TRF IV Continuation Fund LP | 10.8% | 1.10x | 0.00x |
| 12 | Lone Star Fund XII, L.P. | -2.7% | 0.99x | 0.00x |
| 13 | CalSTRS New Next Gen Manager VI | -2.9% | 0.98x | 0.00x |
| 14 | Spark Capital Fund VIII | -3.9% | 0.98x | 0.00x |
| 15 | Bessemer Venture Partners XII | -4.5% | 0.97x | 0.00x |
| 16 | Cortec Group Fund VIII, L.P. | -7.6% | 0.93x | 0.02x |
| 17 | Spark Capital Growth Fund V | -7.8% | 0.95x | 0.00x |
| 18 | Spectrum Equity X-A L.P. | -8.5% | 0.94x | 0.00x |
| 19 | Vistria Fund V, LP | -11.0% | 0.91x | 0.01x |
| 20 | MBK Partners Fund VI, L.P. | -30.0% | 0.72x | 0.00x |
| 21 | Summit Partners Europe Growth Equity Fund IV, SCSp | -55.3% | 0.77x | 0.00x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| BVP Forge Institutional II | 2026 | N/M | — | |
| Bessemer Venture Partners India Institutional II | 2025 | -17.0% | 0.91x | Bottom quartile |
| Bessemer Venture Partners XII Institutional | 2024 | N/M | — | |
| BVP Forge Institutional | 2023 | 15.4% | 1.22x | Bottom quartile |
| Bessemer Venture Partners XII Institutional Fund | 2022 | 24.9% | 1.21x | Top quartile |
| BVP Forge Institutional | — | N/M | — | |
| Bessemer Venture Partners XII Institutional | — | N/M | — |
About this data
CalSTRS: CalSTRS Private Equity Portfolio Performance, as of June 30, 2025. Since-inception IRR as calculated by CalSTRS from its own cash flows with each partnership; CalSTRS does not label it net or gross; because it is computed from CalSTRS's own contributions and distributions, it is after the partnership's fees and carried interest. CalSTRS says IRRs in a partnership's first three years are not meaningful. CalSTRS reports no multiple: TVPI = (distributed + market value) / contributed and DPI = distributed / contributed are computed. IRR is blank for commitments with no capital contributed. View source
Figures are as each LP reports them for its own investment, so they can differ between LPs because of timing, fees, and share class. Not investment advice.