Thornburg Foundation
Private foundation Santa Fe, NM thornburgfoundation.org Still adding venture funds
Thornburg Foundation reports 7 venture funds, $6.1M in all; 2 are new since its last report.
Holdings are from its Form 990-PF return for the year ending December 31, 2024, compared with the one for December 31, 2023. That is more than a year ago: it may have added or sold funds since. Foundations file up to ten and a half months after their year ends, and the IRS publishes returns months after that. “Still adding venture funds”: 2 funds on this one were not on the one for December 31, 2023.
The numbers
| Vintage | Venture funds |
|---|---|
| 2019 | 1 |
| 2020 | 0 |
| 2021 | 1 |
| 2022 | 2 |
Updates from Thornburg Foundation
Largest venture holdings
From its Form 990-PF return for the year ending December 31, 2024; “New” is a fund that wasn’t on the return before it.
| Fund, as reported | Manager | Vintage | Year-end value |
|---|---|---|---|
| FTV VI LP | FTV Capital | — | $2M |
| FTV VII LP | FTV Capital | — | $1.3M |
| Transformation Capital Fund II LP | Transformation Capital | 2019 | $1.3M |
| Acrew Capital Fund II LP | Acrew Capital Management, L.P. | 2021 | $698K |
| Transformation Capital Fund III LP | Transformation Capital | 2022 | $503K |
In the app: 2 more venture funds, 1 fund of funds, the firm it pays to manage or advise on its investments. Open Thornburg Foundation in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
LPs nearby
Within 100 miles, by city: a trip to one can take in the others.
About this data
Holdings as this foundation lists them on its Form 990-PF (Part II, lines 13 and 15). Amounts are year-end fair market value, or book value where it gives no other, not commitments or returns. As of December 31, 2024; new holdings are those not on its return for the year ending December 31, 2023. Source: IRS Form 990-PF. 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.
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