Khosla Ventures Seed B
Khosla Ventures Vintage 2012 Reported by University of California, Alameda County Employees' Retirement Association (ACERA)
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| University of California | 2025-06-30 | $20M | $20M | $64M | $6.8M | 18.0% | 3.55x | 3.21x | |
| Alameda County Employees' Retirement Association (ACERA) | 2024-12-31 | $5M | $5M | $16M | $2.1M | 18.6% | 3.69x | — |
Paid in Distributed Remaining value
2012 vintage in University of California’s portfolio
All 4 funds of vintage 2012 in University of California’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 | Khosla Ventures Seed B | 18.0% | 3.55x | 3.21x |
| 2 | Warburg Pincus Private Equity XI | 11.1% | 1.57x | 1.45x |
| 3 | SG Growth Partners II | 7.9% | 1.69x | 1.49x |
| 4 | Lime Rock Partners VI | -3.8% | 0.91x | 0.91x |
2012 vintage in Alameda County Employees' Retirement Association (ACERA)’s portfolio
All 10 funds of vintage 2012 in Alameda County Employees' Retirement Association (ACERA)’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 | Sycamore Partners, L.P. | 24.9% | 3.38x | — |
| 2 | Khosla Ventures V, L.P. | 20.8% | 3.45x | — |
| 3 | Khosla Ventures Seed B, L.P. | 18.6% | 3.69x | — |
| 4 | New Enterprise Associates 14, L.P. | 15.1% | 2.87x | — |
| 5 | ABRY Senior Equity IV, L.P. | 14.5% | 1.78x | — |
| 6 | Lion Industrial Trust | 12.1% | 1.83x | — |
| 7 | Warburg Pincus Private Equity XI, L.P. | 11.7% | 1.75x | — |
| 8 | PRISA III | 9.4% | 1.41x | — |
| 9 | CIM VI-2 (Urban REIT), LLC | 1.8% | 1.16x | — |
| 10 | Jamestown Premier Property Fund | -1.1% | 0.95x | — |
Other reported funds by this firm
About this data
University of California: UC Regents Private Equity Investments (Alternative Investments: Private Equity Internal Rates of Return), as of June 30, 2025. Net IRR and total value multiple as reported by the UC Regents; IRRs are calculated by a third-party service provider from UC's own cash flows and may differ from the GP's. Vintage year is based on first cash flow. Funds in their first three years are reported as NM (shown as blank). Active partnerships only; exited funds are not listed. View source
Alameda County Employees' Retirement Association (ACERA): ACERA Annual Report on Alternative Investments (Government Code Section 7514.7 Disclosures Chart), as of December 31, 2024. From the Alternative Investment Vehicle (AIV) Disclosures Chart that ACERA staff present to the Investment Committee each December under California Government Code Section 7514.7, for the period ending 2024-12-31 (ACERA's fiscal year is the calendar year). The chart says it is prepared by ACERA from its own records and the fund managers' reports and has not been prepared, reviewed or approved by the fund managers. Net IRR is the chart's "Net IRR (Since Inception)" and TVPI its "Investment Multiple (Since Inception)", both as printed; for 36 funds the printed multiple differs from (Cash Distributions + NAV) / Cash Contributions, and DPI is left blank. Amounts are whole US dollars as printed: Commitment, "Cash Contributions (Since Inception)", and "Cash Distributions", which the chart heads "(FY 2024)" on a fiscal-year-end basis and which are cumulative to that date; total value is the printed "Cash Distributions + NAV". Vintage is the chart's "Vintage Year". 3 recent commitments with no NAV yet ("N/A") have only a commitment; 7 funds have no Net IRR ("N/A"), and for 4 more the chart gives a time-weighted return instead of an IRR, which is left blank. The chart lists all 115 alternative investment vehicles together and does not separate asset classes, so besides private equity and venture funds it includes private credit, real estate, infrastructure and other real assets funds; all are included as listed. 46 funds contracted before 2017 are not required to report under Section 7514.7 and are shown where the manager shared the information voluntarily. 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.