University of California
Endowment Still adding venture funds
University of California reports 49 venture funds, $2.4B in all.
Holdings are from its report as of June 30, 2025. That is more than a year ago: it may have added or sold funds since. “Still adding venture funds”: its newest venture fund is a 2025 vintage, within 3 years of 2025.
The numbers
| Vintage | Venture funds |
|---|---|
| 2010 | 0 |
| 2011 | 1 |
| 2012 | 1 |
| 2013 | 0 |
| 2014 | 2 |
| 2015 | 1 |
| 2016 | 2 |
| 2017 | 1 |
| 2018 | 8 |
| 2019 | 5 |
| 2020 | 9 |
| 2021 | 3 |
| 2022 | 12 |
| 2023 | 1 |
| 2024 | 0 |
| 2025 | 1 |
Updates from University of California
Largest venture holdings
From its report as of June 30, 2025.
| Fund, as reported | Manager | Vintage | Commitment |
|---|---|---|---|
| Sequoia Capital Global Growth III | Sequoia Capital | 2018 | $322M |
| Bow Ventures Fund I | Bow Capital Management, LLC | 2016 | $250M |
| Sequoia Capital Fund | Sequoia Capital | 2022 | $172M |
| HongShan China Expansion I | HongShan | 2022 | $135M |
| HongShan China Growth VII | HongShan | 2022 | $125M |
In the app: 44 more venture funds. Open University of California 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
Steady: it backs its managers again about as often as most LPs that report fund by fund. It backed 82% of its managers again when they raised a later fund (34 chances), and stays with a manager 5.7 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.
- Mitchell Kapor Foundation
- Alameda County Employees' Retirement Association (ACERA)
- Kenneth Rainin Foundation
- Akonadi Foundation
- Lora L and Martin N Kelley Family Foundation Trust
- The Springcreek Foundation
- Battle Family Foundation
- Arkay Foundation
106 LPs within 100 miles in all: see them on the map.
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 June 30, 2025. Source: UC Regents Private Equity Investments (Alternative Investments: Private Equity Internal Rates of Return). 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 total value multiple as reported by the UC Regents; IRRs are calculated by a third-party service provider from UC's own cash flows and may differ from the GP's. Vintage year is based on first cash flow. Funds in their first three years are reported as NM (shown as blank). Active partnerships only; exited funds are not listed.
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