District of Columbia Retirement Board (DCRB)
Public pension plan Still adding venture funds
District of Columbia Retirement Board (DCRB) reports 7 venture funds, $380M in all.
Holdings are from its report as of March 31, 2026. “Still adding venture funds”: its newest venture fund is a 2025 vintage, within 3 years of 2026.
The numbers
| Vintage | Venture funds |
|---|---|
| 2016 | 1 |
| 2017 | 0 |
| 2018 | 0 |
| 2019 | 1 |
| 2020 | 1 |
| 2021 | 1 |
| 2022 | 1 |
| 2023 | 0 |
| 2024 | 1 |
| 2025 | 1 |
Updates from District of Columbia Retirement Board (DCRB)
All of District of Columbia Retirement Board (DCRB)’s updates on Hottub VC
Largest venture holdings
From its report as of March 31, 2026.
| Fund, as reported | Manager | Vintage | Commitment |
|---|---|---|---|
| Updata Partners VIII, L.P. | Updata Partners | 2025 | $100M |
| Technology Crossover Ventures XII | TCV | 2024 | $75M |
| Updata Partners VII, L.P. | Updata Partners | 2022 | $75M |
| Technology Crossover Ventures XI | TCV | 2021 | $50M |
| Updata Partners VI | Updata Partners | 2020 | $40M |
In the app: 2 more venture funds, 2 funds of funds. Open District of Columbia Retirement Board (DCRB) in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
How it invests
Selective: it backs fewer of its managers again than three in four LPs that report fund by fund, so each fund is won on its own. It backed 63% of its managers again when they raised a later fund (19 chances), and stays with a manager 5.8 years on average.
From its own report and published commitments. How it invests in LP Intelligence: whether it kept committing through 2022–23, how much goes to managers on Fund I–III, and what it committed to lately.
LPs nearby
Within 100 miles, by city: a trip to one can take in the others.
- International Finance Corporation (IFC)
- Bainum Family Foundation
- Central Pension Fund of the IUOE & Participating Employers
- IAM National Pension Fund
- Eugene & Agnes E Meyer Foundation
- US International Development Finance Corporation (DFC)
- Richard W Goldman Family Foundation
- Jensam Foundation Inc
153 LPs within 100 miles in all: see them on the map.
How to submit
It takes submissions from fund managers. See how to submit, on its site.
Private-markets consultant: Meketa Investment Group (source).
In its words: “DCRB works with Meketa Investment Group to identify and vet all prospective investment managers; a firm interested in working with DCRB should first arrange an introductory or update meeting directly with Meketa, using its private markets contact for private equity.”
Read from its own pages on October 19, 2026: dcrb.dc.gov/page/dcrb-statement-prospective-investment-ma…. Programs change; its site is the record.
About this data
Holdings as this LP reports them, fund by fund. Amounts are its commitment to each fund. Fund performance it reports is on each firm’s page. As of March 31, 2026. Source: DCRB Quarterly Private Investments Summary. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.
"Net IRR" and the "Total Value/Paid-In" multiple (shown as TVPI) as printed in the Private Equity part of the Private Investments Summary that DCRB posts each quarter, a report produced by its custodian; the report does not define its columns. Both are "N/M" for 17 partnerships of recent vintages, shown as blank. Original Commitment, Paid-In Capital and Distributed Capital are reported in thousands of dollars (shown here multiplied by 1,000) and Valuation in whole dollars; total value = Distributed Capital + Valuation is computed. On 35 of the 38 rows with a multiple, the printed figure differs from (Distributed Capital + Valuation) / Paid-In Capital worked out from the columns shown (it is usually lower), which the report does not explain; for that reason DPI is not computed and is blank. The report has no total rows to check the list against. All 55 partnerships under its Private Equity heading are included as DCRB classifies them (42 Buyout, 10 Growth Equity, 1 Venture Capital and 2 fund-of-funds or secondary vehicles); its Private Real Estate, Infrastructure, Natural Resources and Private Credit parts are not imported.
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