General Catalyst Group X - Early Venture, L.P.
General Catalyst · adviser of record: General Catalyst Group Management, LLC · 2019 vintage
General Catalyst Group X - Early Venture, L.P. is a 2019 venture fund managed by General Catalyst, with $600mm raised (Form D, amount sold). It reported $1.03bn in gross assets at year-end 2025, 1.71x its size, against a peak of $1.59bn in 2021.
- Latest value held
- $1.03bn year-end 2025
- Peak
- $1.59bn year-end 2021
- Fund size
- $600mm Form D, amount sold
- Held vs. size
- 1.71x peak 2.65x
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 | $1.03bn | 1.71x | -6% over 2 yrs |
| 2023 | $1.09bn | 1.81x | -16% |
| 2022 | $1.29bn | 2.15x | -19% |
| 2021 | $1.59bn | 2.65x | +162% |
| 2020 | $607mm | 1.01x | -1% |
| 2019 | $615mm | 1.03x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LACERS | 2025-12-31 | $10mm | 0.00x | 1.54x | 1.54x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from General Catalyst
- General Catalyst Group XII, L.P. 2023
- General Catalyst Group XII - Creation, L.P. 2023
- Bear Coast (Ventures) Fund, LP 2023
- General Catalyst Group XII - Ignition, L.P. 2023
- General Catalyst Group XII - Endurance, L.P. 2023
- General Catalyst Group XII - Health Assurance, L.P. 2023
- GC Venture XI (S), LP 2023
- General Catalyst Group XI - Endurance, L.P. 2021
- General Catalyst Group XI - Ignition, L.P. 2021
- General Catalyst Group XI - Creation, L.P. 2021
- General Catalyst Group XI - Health Assurance, L.P. 2021
- General Catalyst Group XI - Feeder, 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 805-7361102454. Data updated October 13, 2026.
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