Battery Ventures XII Side Fund, L.P.
Battery Ventures · adviser of record: Battery Management Corp. · 2018 vintage
Battery Ventures XII Side Fund, L.P. is a 2018 venture fund managed by Battery Ventures, with $450mm raised (Form D, amount sold). It reported $361mm in gross assets at year-end 2025, 0.80x its size, against a peak of $946mm in 2021.
- Latest value held
- $361mm year-end 2025
- Peak
- $946mm year-end 2021
- Fund size
- $450mm Form D, amount sold
- Held vs. size
- 0.80x peak 2.10x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $361mm | 0.80x | -43% over 2 yrs |
| 2023 | $635mm | 1.41x | -4% |
| 2022 | $661mm | 1.47x | -30% |
| 2021 | $946mm | 2.10x | +41% |
| 2020 | $670mm | 1.49x | +71% |
| 2019 | $391mm | 0.87x | -10% |
| 2018 | $435mm | 0.97x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| SFERS | 2024-12-31 | $21.7mm | 1.98x | 3.24x | 1.25x |
| VCERA | 2024-12-31 | $5mm | 1.98x | 3.24x | 1.25x |
Latest report from each pension, as multiples of paid-in capital. Where a pension reports only the value it holds, that value is shown in dollars under Still held. Linked dates go to the pension’s report.
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| FS MVP Private Markets Fund | 2026-06-30 | $5.2mm | 0.84x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Battery Ventures
- Battery Ventures XIV, L.P. 2022
- Battery Ventures XIV (Aiv I Cayman), L.P. 2022
- Battery Ventures Select Fund II, L.P. 2022
- Battery Ventures Select Fund II (Aiv I Cayman), L.P. 2022
- Battery Investment Partners XIV, L.P. 2022
- Battery Ventures XIV-EF, L.P. 2022
- Battery Investment Partners XIV (Aiv I Cayman), L.P. 2022
- Battery Ventures XIV-EF (Aiv I Cayman), L.P. 2022
- Battery Ventures Select Fund I, L.P. 2021
- Battery Ventures XIII (Aiv IV), L.P. 2021
- Battery Ventures XIII Side Fund (Aiv IV), L.P. 2021
- Battery Ventures Select Fund I (Aiv I Cayman), L.P. 2021
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-7205230993. Data updated October 13, 2026.
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