U.S. Venture Partners

Overview

Menlo Park venture firm that typically leads Series A and B rounds in US and Israeli companies across IT and healthcare. It reports more than $4.7B invested over four decades and 93 portfolio IPOs. A July 2026 Form D for U.S. Venture Partners XIV lists a $400M offering with no amount sold yet, so that fund is still being raised.

Notable portfolio companies

• Box
• Check Point Software
• Guidewire
• Omada Health
• Inspire Medical Systems
• HeartFlow
• Cato Networks
• Yammer

Funds

LPs on the record

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

• Employees' Retirement System of the State of Hawaii (HIERS) Public pension plan · 6 funds
• Washington State Investment Board Public pension plan · 4 funds
• William K Bowes Jr Foundation Private foundation · 2 funds

One more LP is 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 U.S. Venture Partners, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

• Interwest Partners 2 LPs in common
• General Catalyst 3 LPs in common
• New Enterprise Associates 2 LPs in common
• TCV 2 LPs in common

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

Track record

A score of 44 out of 100 from 4 of the 7 funds public LPs report, 1 of them in the top half of their vintage. Its ranked funds’ median TVPI is 1.27x and median DPI 1.27x. Pooled where reports give cash flows: 1.17x TVPI, 1.17x DPI. That ranks it 85th 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.

Employees' Retirement System of the State of Hawaii (HIERS): HIERS Private Equity Partnerships: Performance Summary by Investment, as of March 31, 2026. ERS posts a quarterly "Performance Summary by Investment" of its private equity partnerships in which only "Capital Committed", "Paid-In Capital" and "Reported Market Value" (with the date of that value) are filled in; the Capital Distributed, Remaining Cost, Net IRR and TVM columns are empty in the published version. So committed, paid-in and market value are shown, in whole US dollars as printed, and distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report says paid-in capital includes both commitment and non-commitment reducing capital calls, that cash flows are HIERS' actual cash paid and received, and that market values reflect HIERS' unrealized interest in each investment. "Vintage Year" is as printed. All 371 investments are included as ERS classifies them by strategy (61 Buyout - Large, 42 Buyout - Mega, 59 Buyout - Mid, 13 Buyout - Small, 3 Co/Direct Investment, 6 Distressed Debt, 40 Growth Equity, 10 Mezzanine, 2 Secondaries, 10 Special Situations, 125 Venture Capital), in the report's blocks: Core (334), Stafford Capital Management - 1 (8), Stafford Capital Management - 2 (11), Stafford Capital Management - 3 (17), Stafford Ho'oulu Fund (1); the Stafford Capital Management blocks list the partnerships held through the Hawaii Targeted Investment Program funds (HiTIP I, II and III) that ERS's Holdings page also reports separately. They add up to the printed Grand Total of $8,371,769,464 committed, $6,707,086,129 paid in and $5,197,639,074 reported market value. 114 investments have no remaining value (liquidated, or not yet called), shown as 0; 9 others carry a value dated before the report date. Each page of the report carries the legend "Institutional Use Only/Not for Public Use | Proprietary and Confidential"; this is the version ERS itself posts on its Holdings page. ERS's separate private credit, real assets and timber reports are not imported. View source

Washington State Investment Board: WSIB Private Equity Portfolio Performance Summary By Strategy, as of March 31, 2026. Net IRR as labeled by WSIB, calculated by Hamilton Lane from general partner cash flows and valuations and not confirmed by the general partners. TVPI is WSIB's total value multiple (B+C)/A recomputed to two decimals from the reported totals (WSIB prints one decimal). WSIB lists an initial investment date rather than a vintage year; its year is used as the vintage (blank for commitments not yet funded). Includes realized and legacy partnerships. View source