Lightspeed Venture Partners XII, L.P.
Lightspeed Venture Partners · adviser of record: Lightspeed Management Company, L.L.C. · 2018 vintage
Lightspeed Venture Partners XII, L.P. is a 2018 venture fund managed by Lightspeed Venture Partners, with $2.1bn raised (Form D, amount sold). It reported $1.62bn in gross assets at year-end 2025, 0.76x its size, against a peak of $1.87bn in 2021.
- Latest value held
- $1.62bn year-end 2025
- Peak
- $1.87bn year-end 2021
- Fund size
- $2.1bn Form D, amount sold
- Held vs. size
- 0.76x peak 0.89x
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 | $1.62bn | 0.76x | +5% |
| 2024 archived filing | $1.54bn | 0.73x | -2% |
| 2023 | $1.57bn | 0.74x | -14% |
| 2022 | $1.82bn | 0.86x | -3% |
| 2021 | $1.87bn | 0.89x | +108% |
| 2020 | $900mm | 0.43x | +17% |
| 2019 | $770mm | 0.36x | +3% |
| 2018 | $744mm | 0.35x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| StepStone Private Venture & Growth Fund | 2026-06-30 | $2.6mm | 1.69x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
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 805-1585293055. Data updated October 13, 2026.
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