Canaan XI LP
Canaan Partners · adviser of record: Canaan Management, LLC · 2017 vintage
Canaan XI LP is a 2017 venture fund managed by Canaan Partners. It reported $1.4bn in gross assets at year-end 2025, against a peak of $2.2bn in 2021.
- Latest value held
- $1.4bn year-end 2025
- Peak
- $2.2bn year-end 2021
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $1.4bn | – | -16% over 2 yrs |
| 2023 | $1.67bn | – | -8% |
| 2022 | $1.82bn | – | -16% |
| 2021 | $2.2bn | – | +79% |
| 2020 | $1.21bn | – | +29% |
| 2019 | $938mm | – | +15% |
| 2018 | $813mm | – | +2% |
| 2017 | $800mm | – | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LACERA | 2026-03-31 | $50mm | 0.55x | 2.00x | 1.45x |
| LAFPP | 2025-12-31 | $20mm | 0.61x | 2.11x | 1.50x |
| SFERS | 2024-12-31 | $30mm | 0.21x | 1.80x | 1.59x |
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 |
|---|---|---|---|
| NB Crossroads Private Markets Fund IV Holdings LLC | 2026-06-30 | $8.5mm | 2.53x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
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 805-6674068054. Data updated October 13, 2026.
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