Canaan IX LP
Canaan Partners · adviser of record: Canaan Management, LLC · 2011 vintage
Canaan IX LP is a 2011 venture fund managed by Canaan Partners, with $600mm raised (Form D, amount sold). It reported $267mm in gross assets at year-end 2025, 0.45x its size, against a peak of $1.02bn in 2021.
- Latest value held
- $267mm year-end 2025
- Peak
- $1.02bn year-end 2021
- Fund size
- $600mm Form D, amount sold
- Held vs. size
- 0.45x peak 1.71x
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 | $267mm | 0.45x | -37% over 2 yrs |
| 2023 | $426mm | 0.71x | -9% |
| 2022 | $468mm | 0.78x | -54% |
| 2021 | $1.02bn | 1.71x | +7% |
| 2020 | $956mm | 1.59x | -2% |
| 2019 | $972mm | 1.62x | +22% |
| 2018 | $798mm | 1.33x | +0% |
| 2017 | $798mm | 1.33x | -5% |
| 2016 | $840mm | 1.40x | -10% |
| 2015 | $933mm | 1.56x | +22% |
| 2014 | $768mm | 1.28x | +30% |
| 2013 | $589mm | 0.98x | -0% |
| 2012 | $589mm | 0.98x | -2% |
| 2011 | $600mm | 1.00x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $20mm | 1.70x | 2.11x | 0.41x |
| University of California | 2021-06-30 | $25mm | 1.11x | 2.88x | 1.76x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Canaan Partners
- Canaan XIII LP 2023
- Canaan Gold Coast L.P. 2023
- Canaan XIII Healthcare Fund L.P. 2023
- Canaan Wheelhouse L.P. 2023
- Canaan 2020+ CO-Investment Series 20 LP 2022
- Canaan 2020+ CO-Investment Series 21 LP 2022
- Canaan 2020+ CO-Investment Series 19 LP 2022
- Canaan 2020+ CO-Investment Series 22 LP 2022
- Canaan 2020+ CO-Investment Series 9 LP 2021
- Canaan 2020+ CO-Investment Series 11 LP 2021
- Canaan 2020+ CO-Investment Series 10 LP 2021
- Canaan 2020+ CO-Investment Series 5 LP 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 805-5878971647. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.