Lightspeed Opportunity Fund, L.P.
Lightspeed Venture Partners · adviser of record: Lightspeed Management Company, L.L.C. · 2018 vintage
Lightspeed Opportunity Fund, L.P. is a 2018 venture fund managed by Lightspeed Venture Partners. It reported $1.94bn in gross assets at year-end 2025, against a peak of $2.5bn in 2021.
- Latest value held
- $1.94bn year-end 2025
- Peak
- $2.5bn 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 | $1.94bn | – | +19% |
| 2024 archived filing | $1.63bn | – | +9% |
| 2023 | $1.49bn | – | -40% |
| 2022 | $2.5bn | – | +0% |
| 2021 | $2.5bn | – | +44% |
| 2020 | $1.71bn | – | +14% |
| 2019 | $1.5bn | – | +1% |
| 2018 | $1.48bn | – | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Michigan SMRS | 2025-12-31 | – | – | – | $28.6mm |
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.
Other funds from Lightspeed Venture Partners
- LSVP VIII Trust 2023
- LS Opportunities Access Fund, L.P. 2022
- Lightspeed Frontier I-S L.P. 2022
- Lightspeed Opportunity Fund II, L.P. 2021
- Lightspeed Venture Partners Select V, L.P. 2021
- Lightspeed Venture Partners XIV-B (Ignite), L.P. 2021
- Lightspeed Venture Partners XIV-A (Inception), L.P. 2021
- LSVP XB-F, LLC 2021
- LSVP-SCF1, LLC 2021
- Lightspeed SPV CN, LLC 2021
- Lightspeed Venture Partners Select IV, L.P. 2020
- Lightspeed Venture Partners XIII, L.P. 2020
All Lightspeed 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 805-7659585386. Data updated October 13, 2026.
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