Primary Venture Partners

Overview

New York seed firm that leads pre-seed and seed rounds through sector-focused partners and backs companies with an in-house operating team and an incubation unit. Its fifth fund generation, announced in February 2026, totals US$625M, roughly ten times its first US$60M fund. Separate Select funds take part in later rounds of portfolio companies. Fund IV (2022) was filed with the SEC with a US$275M offering, but no closing amount was published.

Notable portfolio companies

• Jet.com
• Mirror
• Latch
• Vestwell
• Alma
• Ollie

Funds

LPs on the record

2 private foundations list on their latest IRS Form 990-PF, and 4 other LPs report holding Primary Venture Partners’s funds.

• LACERA Public pension plan · 4 funds
• New York State Common Retirement Fund Public pension plan · 4 funds
• StepStone Private Venture and Growth Fund Registered fund · 1 fund

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 Primary Venture Partners, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

• CRV, LLC 2 LPs in common
• IVP 2 LPs in common
• Insight Partners 3 LPs in common

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

Track record

A score of 74 out of 100 from 2 of the 6 funds public LPs report, 2 of them in the top half of their vintage. Its ranked funds’ median TVPI is 2.33x and median DPI 0.09x. Pooled where reports give cash flows: 2.24x TVPI, 0.10x DPI. That ranks it 5th of 123 managers with a score.

Each fund once, as the latest of 2 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.

LACERA: LACERA Private Markets Holding Report (Private Equity), as of March 31, 2026. "ITD IRR" (inception to date) and "Investment Multiple" as printed by LACERA, which does not label the IRR net or gross and does not say in the report how or by whom it is calculated or when it is not meaningful, so IRRs of very young funds are shown as printed. The Investment Multiple equals (distributions + market value) / contributions and is used as TVPI; total value = distributions + market value and DPI = distributions / contributions are computed. Dollar amounts are rounded to whole dollars. Only holdings LACERA classes as Private Equity are included (not its real estate, hedge fund, illiquid credit or real assets holdings). 9 commitments with nothing contributed yet have no market value, multiple or IRR, and 3 new commitments are listed without any amounts. View source

New York State Common Retirement Fund: New York State Common Retirement Fund Asset Listing (Private Equity), as of March 31, 2026. The Fund's annual asset listing (fiscal year-end, March 31) reports commitment date, capital committed, capital contributed, cumulative distributions, fair value and total value for each private equity holding, in whole dollars. It reports no IRR, no multiple and no vintage year, so IRR and vintage are blank (the commitment date is not used as a vintage). Total value is the Fund's Total Value column (cumulative distributions + fair value); TVPI = total value / capital contributed and DPI = cumulative distributions / capital contributed are computed, and are blank for the 14 commitments with nothing contributed yet. All 378 rows of the Private Equity section are included, as classified by the Fund (buyout, growth, venture, co-investment and fund-of-funds vehicles, and some credit-named funds); they add up to its printed Total Private Equity Investments ($71,678,717,564 committed). 13 funds are marked by the Fund as liquidated during the fiscal year and have no remaining fair value. Not imported: one row listed after that total that is not a fund (Pursuit (formerly known as New York Business Development Corporation), $200,000,000 committed); the underlying funds of the Fund's captive funds of funds, which the listing shows separately with only a vintage year and the fund of funds' commitment (some unnamed, some in euros or pounds), while the funds of funds themselves are included; and the Opportunistic/ARS, Real Assets, Credit and Real Estate sections. View source