Lightspeed Co-Investment Fund I
Lightspeed Venture Partners Vintage 2025 Reported by New Mexico State Investment Council
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| New Mexico State Investment Council | 2026-03-31 | $8.3M | — | — | — | 242.3% | 2.67x | — |
Paid in Distributed Remaining value
2025 vintage in New Mexico State Investment Council’s portfolio
All 50 funds of vintage 2025 in New Mexico State Investment Council’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 | Lightspeed Co-Investment Fund I, L.P. | 242.3% | 2.67x | — |
| 2 | 8VC Fund VI, L.P. | 131.1% | 1.72x | — |
| 3 | Lightspeed Venture Partners Select VI, L.P. | 88.3% | 1.67x | — |
| 4 | Menlo Inflection IV, L.P. | 61.8% | 1.36x | — |
| 5 | Lightspeed Venture Partners XV B Ignite | 58.5% | 1.39x | — |
| 6 | Lightspeed Opportunity Fund III, L.P. | 49.4% | 1.38x | — |
| 7 | 776 Fund III, L.P. | 45.6% | 1.40x | — |
| 8 | TCG Crossover Fund III, L.P. | 44.6% | 1.19x | — |
| 9 | Sweetwater Secondaries Fund IV, L.P. | 39.3% | 1.35x | — |
| 10 | Anzu North America Tech Leaders Fund, L.P. | 34.4% | 1.23x | — |
| 11 | 776 Arete Fund II, L.P. | 32.0% | 1.28x | — |
| 12 | Menlo Ventures XVII, L.P. | 28.7% | 1.23x | — |
| 13 | Khosla Ventures Opportunity III, L.P. | 25.7% | 1.17x | — |
| 14 | DCVC VII, L.P. | 22.3% | 1.16x | — |
| 15 | Greenoaks Capital Opportunities Fund 6 LP | 19.4% | 1.10x | — |
| 16 | Mercer NMSIC Private Investments, L.P. - PE Principal Investments 2025 | 18.1% | 1.13x | — |
| 17 | Invictus Growth Fund II, L.P. | 16.6% | 1.13x | — |
| 18 | UP Ventures II, L.P. | 13.6% | 1.08x | — |
| 19 | Lowercarbon Zia, L.P. | 9.4% | 1.06x | — |
| 20 | Frazier Life Sciences XII, L.P. | 8.5% | 1.04x | — |
| 21 | Khosla Ventures Seed G, L.P. | 3.0% | 1.02x | — |
| 22 | Arlington Capital Partners VII, L.P. | 1.6% | 1.01x | — |
| 23 | Playground Genesis, L.P. | -0.9% | 0.99x | — |
| 24 | Stellex Capital III Co-Invest L.P. | -1.1% | 0.99x | — |
| 25 | Lightspeed Venture Partners XV A Inception | -1.7% | 0.99x | — |
| 26 | J2 Ventures Brookhaven Fund, L.P. | -2.2% | 0.98x | — |
| 27 | Stellex Capital Partners III LP | -4.0% | 0.97x | — |
| 28 | Arcline Capital Partners IV, L.P. | -4.2% | 0.96x | — |
| 29 | Khosla Ventures IX, L.P. | -5.4% | 0.97x | — |
| 30 | BC Investors Co-Invest Vehicle (NMLP), L.P. | -7.1% | 0.97x | — |
| 31 | CRV XX, LP | -8.7% | 0.96x | — |
| 32 | Bonfire Ventures IV, LP | -8.9% | 0.96x | — |
| 33 | TK MediaTech Ventures, L.P. | -9.6% | 0.90x | — |
| 34 | Playground Ventures IV, L.P. | -11.4% | 0.91x | — |
| 35 | Longshore Capital Fund II, L.P. | -11.8% | 0.93x | — |
| 36 | Lowercarbon Q>10, LP | -14.2% | 0.91x | — |
| 37 | Morpheus Ventures III, L.P. | -16.3% | 0.84x | — |
| 38 | Bessemer Venture Partners India Institutional II L.P. | -17.0% | 0.91x | — |
| 39 | Criticality Fund I LP | -17.7% | 0.92x | — |
| 40 | UP Abundance I, L.P. | -23.4% | 0.87x | — |
| — | Altaris Health Partners VI, L.P. | N/M | — | — |
| — | American Securities NM Co-Invest Fund, L.P. | N/M | — | — |
| — | Atlas Capital Resources V, L.P. | N/M | — | — |
| — | Bain Capital Fund XIV, L.P. | N/M | — | — |
| — | Bain Capital Insurance Fund II, L.P. | N/M | — | — |
| — | Brightstar Horizon Co-Invest Opportunities-1, L.P. | N/M | — | — |
| — | Brightstar Horizon Fund I, L.P. | N/M | — | — |
| — | JMI Equity Fund XII, L.P. | N/M | — | — |
| — | VCF NM Capital I, L.P. | N/M | — | — |
| — | Root Ventures IV, L.P. | N/M | — | — |
Other reported funds by this firm
About this data
New Mexico State Investment Council: New Mexico State Investment Council Private Equity Performance Updates: Fund Summaries (Active Funds), as of March 31, 2026. Net IRR and net multiple since inception as printed in the fund summaries of the quarterly performance updates that Mercer prepares for the Council (data source given as Invient), published in the Council's public meeting materials. The fund summaries head the two columns "Net" (Multiple, IRR); their total rows equal the "Net Multiple" and "Net IRR" of active commitments in the reports' dashboards. The net multiple is used as TVPI. The fund summaries give only committed capital, exposure (NAV + unfunded), net multiple and IRR for each fund, so contributions, distributions, total value and DPI are blank; contributions and distributions are reported by program and strategy only. Committed capital is reported in $ millions to one decimal and converted to whole dollars. Vintage year is defined by the reports as the year of the fund's first cash flow. 27 of the newest funds are marked N/A or NM (not defined in the reports) and lack an IRR, a multiple or both. The IRR of The Veritas Capital Fund IX, L.P. is printed as "#######" (not readable) and is blank. Frazier Healthcare Growth Buyout Fund XI, L.P. is printed with a negative multiple, imported as printed. Two reports are combined: the National Private Equity Program (175 active funds, $11,121.7 million committed; 32 Venture Capital, 93 Buyout, 33 Growth, 17 Special Situations) and the Strategic Venture Capital Program and New Mexico Private Equity Investment Program (Legacy) (83 active funds, $2,346.3 million committed; 76 Fund Investments, 5 Co-Investment Funds, 1 Catalyst Fund, 1 Recovery Fund). The second report covers the Council's New Mexico-focused venture and private equity commitments, including its own co-investment, catalyst and recovery vehicles. Active funds only: liquidated and sold funds are reported in aggregate, not by fund. The Private Debt, Real Estate and Real Assets reports in the same materials are not imported. 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.