Sapphire Ventures

Overview

AUM of $8.8B is as of Nov 2021; Wikipedia cites $10.2B from a later SEC ADV. No newer fund close was found. Founded year of 1996 (from Wikipedia) counts the firm's origins as SAP Ventures; the Sapphire brand dates to 2011.

Funds

LPs on the record

3 LPs report holding Sapphire Ventures’s funds.

• CalSTRS Public pension plan · 1 fund
• First Trust Private Assets Fund Registered fund · 1 fund
• First Trust Alternative Opportunities Fund Registered fund · 1 fund

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

• Quiet Capital Management, LLC 2 LPs in common
• Hedosophia Advisor Limited 2 LPs in common
• 137 Ventures Management, LLC 2 LPs in common
• Ra Capital Management, LP 2 LPs in common

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

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.

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