Polaris Partners IX, L.P.
Polaris Partners · adviser of record: Polaris Growth Management, LLC · 2019 vintage
Polaris Partners IX, L.P. is a 2019 venture fund managed by Polaris Partners, with $400mm raised (Form D, amount sold). It reported $395mm in gross assets at year-end 2025, 0.99x its size, against a peak of $586mm in 2021.
- Latest value held
- $395mm year-end 2025
- Peak
- $586mm year-end 2021
- Fund size
- $400mm Form D, amount sold
- Held vs. size
- 0.99x peak 1.47x
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 | $395mm | 0.99x | -17% over 2 yrs |
| 2023 | $477mm | 1.19x | -9% |
| 2022 | $526mm | 1.31x | -10% |
| 2021 | $586mm | 1.47x | +26% |
| 2020 | $465mm | 1.16x | +20% |
| 2019 | $389mm | 0.97x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2021-12-31 | $20mm | 0.00x | 1.49x | 1.49x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| FS MVP Private Markets Fund | 2026-06-30 | $3.1mm | 1.47x |
| Franklin Lexington Private Markets Fund | 2026-06-30 | $1.2mm | – |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Polaris Partners
- Polaris Partners X, L.P. 2022
- Polaris Innovation Fund II, L.P. 2021
- Polaris Healthcare Technology Opportunities Fund, L.P. 2020
- Polaris Partners VIII, L.P. 2016
- LS Polaris Innovation Fund, L.P. 2016
- Polaris Partners VII, L.P. 2014
- Polaris Venture Partners V, L.P. 2011
- Polaris Venture Partners VI, L.P. 2011
- Polaris Venture Partners IV, L.P. 2011
- Polaris Venture Partners III, L.P. 2011
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 805-4286714166. Data updated October 13, 2026.
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