Institutional Venture Partners XV, L.P.
Institutional Venture Partners · adviser of record: Institutional Venture Management XV, LLC · 2014 vintage
Institutional Venture Partners XV, L.P. is a 2014 venture fund managed by Institutional Venture Partners, with $1.4bn raised (Form D, amount sold). It reported $1.67bn in gross assets at year-end 2025, 1.20x its size, against a peak of $3.8bn in 2021.
- Latest value held
- $1.67bn year-end 2025
- Peak
- $3.8bn year-end 2021
- Fund size
- $1.4bn Form D, amount sold
- Held vs. size
- 1.20x peak 2.70x
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 | $1.67bn | 1.20x | -20% over 2 yrs |
| 2023 | $2.1bn | 1.50x | -19% |
| 2022 | $2.6bn | 1.85x | -32% |
| 2021 | $3.8bn | 2.70x | +28% |
| 2020 | $3bn | 2.11x | +36% |
| 2019 | $2.2bn | 1.55x | +31% |
| 2018 | $1.65bn | 1.18x | +10% |
| 2017 | $1.5bn | 1.07x | +4% |
| 2016 | $1.45bn | 1.04x | +1% |
| 2015 | $1.44bn | 1.03x | +1% |
| 2014 | $1.43bn | 1.02x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LACERS | 2025-12-31 | $20mm | 2.00x | 2.87x | 0.88x |
| LAFPP | 2021-12-31 | $25mm | 1.67x | 3.71x | 2.04x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Institutional Venture Partners
- Institutional Venture Partners XVIII-P, L.P. 2023
- IVP XVII-D, L.P. 2022
- Bow Tie Angels - A, L.P. 2022
- Institutional Venture Partners XVIII, L.P. 2021
- IVP XVII-A, L.P. 2021
- Institutional Venture Partners XVII, L.P. 2019
- Institutional Venture Partners XVI, L.P. 2016
- Institutional Venture Partners XV Executive Fund, L.P. 2015
- Institutional Venture Partners XIV, L.P. 2011
- Institutional Venture Partners XIII, L.P. 2011
- Institutional Venture Partners XI, L.P. 2011
- Institutional Venture Partners IV, L.P. 2011
All Institutional Venture Partners funds
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 805-1752948752. Data updated October 13, 2026.
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