USV Opportunity 2019
Union Square Ventures Vintage 2018 Reported by LACERA
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| LACERA | 2026-03-31 | $11M | $8.4M | $0.4M | $6.9M | -2.8% | 0.87x | 0.05x |
Paid in Distributed Remaining value
2018 vintage in LACERA’s portfolio
All 20 funds of vintage 2018 in LACERA’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 | USV 2019 | 30.4% | 2.80x | 1.48x |
| 2 | AE Industrial Partners II, L.P. | 22.3% | 1.98x | 1.00x |
| 3 | Accel-KKR Capital Partners CV III, L.P. | 21.7% | 2.69x | 2.27x |
| 4 | Triton Fund V, L.P. | 16.5% | 1.86x | 0.59x |
| 5 | Foundation Investment Partners II, L.P. | 15.7% | 1.99x | 0.86x |
| 6 | Alchemy Special Opportunities Fund IV L.P. | 12.9% | 1.54x | 0.58x |
| 7 | Riverside Micro-Cap Fund V, L.P. | 11.7% | 1.61x | 0.62x |
| 8 | Juggernaut Capital Partners IV, L.P. | 9.4% | 1.49x | 0.18x |
| 9 | Rockwood IV, LP | 9.2% | 1.14x | 0.24x |
| 10 | Banneker Partners Fund II, L.P. | 8.4% | 1.19x | 0.16x |
| 11 | Ten Coves Capital III, L.P. | 8.4% | 1.23x | 0.16x |
| 12 | Accel-KKR Growth Capital Partners III, LP | 7.8% | 1.34x | 0.33x |
| 13 | GGV Discovery II L.P. | 6.3% | 1.40x | 0.00x |
| 14 | Vista Equity Partners Fund VII L.P. | 4.1% | 1.21x | 0.12x |
| 15 | Storm Ventures Fund VI, L.P. | 3.6% | 1.19x | 0.23x |
| 16 | Sinovation Fund IV, L.P. | 3.4% | 1.21x | 0.01x |
| 17 | GGV Capital VII Plus L.P. | 2.8% | 1.17x | 0.10x |
| 18 | Joy Capital Opportunity, L.P. | 2.7% | 1.19x | 0.00x |
| 19 | GGV Capital VII L.P. | 1.4% | 1.08x | 0.05x |
| 20 | USV Opportunity 2019 | -2.8% | 0.87x | 0.05x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| USV 2024 | 2025 | N/M | 1.20x | |
| USV 2022 | 2022 | -1.8% | 0.96x | Bottom quartile |
| USV Climate 2022 | 2022 | -5.8% | 0.91x | Bottom quartile |
| USV Opportunity 2022 | 2022 | 13.9% | 1.26x | Top quartile |
| USV 2021 | 2021 | -7.3% | 0.77x | Bottom quartile |
| USV Climate 2021 | 2020 | 11.6% | 1.47x | Second quartile |
| USV 2019 | 2019 | 29.7% | 2.72x | Top quartile |
| USV Opportunity 2019 | 2019 | -2.5% | 0.88x | Bottom quartile |
| USV 2019 | 2018 | 30.4% | 2.80x | Top quartile |
| USV 2016 | 2016 | 47.8% | 7.71x | Top quartile |
| USV 2014 | 2014 | 21.9% | 3.96x | Second quartile |
| USV Opportunity 2014 | 2014 | 39.2% | 6.07x | Top quartile |
| Union Square Ventures 2014 | 2014 | 21.7% | 3.91x | Second quartile |
| Union Square Ventures Opportunity 2014 | 2014 | 39.1% | 6.07x | Top quartile |
| Union Square Ventures 2012 | 2011 | 53.5% | 23.84x | Top quartile |
| Union Square Ventures 2012 Fund | 2011 | 53.4% | 23.75x | Top quartile |
| Union Square Ventures Opportunity Fund | 2010 | 58.4% | 3.58x | Top quartile |
| Union Square Ventures 2008 | 2008 | 20.8% | 4.35x | Top quartile |
| Union Square Ventures 2004 | 2004 | 66.9% | 13.82x | Top quartile |
| UNION SQUARE 2016 | — | N/M | — | |
| UNION SQUARE VENTURES 2008 | — | N/M | — | |
| UNION SQUARE VENTURES 2012 FUND | — | N/M | — | |
| UNION SQUARE VENTURES 2014 | — | N/M | — | |
| UNION SQUARE VENTURES OPPORTUNITY 2014 | — | N/M | — | |
| UNION SQUARE VENTURES OPPORTUNITY FUND | — | N/M | — |
About this data
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
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.