U.S. Venture Partners XI, L.P.
U.S. Venture Partners · adviser of record: Usvp Management Company LLC · 2014 vintage
U.S. Venture Partners XI, L.P. is a 2014 venture fund managed by U.S. Venture Partners, with $281mm raised (Form D, amount sold). It reported $501mm in gross assets at year-end 2025, 1.78x its size, against a peak of $682mm in 2021.
- Latest value held
- $501mm year-end 2025
- Peak
- $682mm year-end 2021
- Fund size
- $281mm Form D, amount sold
- Held vs. size
- 1.78x peak 2.42x
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 | $501mm | 1.78x | -14% over 2 yrs |
| 2023 | $582mm | 2.07x | -1% |
| 2022 | $588mm | 2.09x | -14% |
| 2021 | $682mm | 2.42x | +61% |
| 2020 | $425mm | 1.51x | +36% |
| 2019 | $313mm | 1.11x | -14% |
| 2018 | $366mm | 1.30x | +17% |
| 2017 | $312mm | 1.11x | +0% |
| 2016 | $312mm | 1.11x | +6% |
| 2015 | $294mm | 1.04x | +41% |
| 2014 | $209mm | 0.74x | – |
Other funds from U.S. Venture Partners
- U.S. Venture Partners XIII, L.P. 2021
- U.S. Venture Partners XII, L.P. 2018
- U.S. Venture Partners X, L.P. 2011
- U.S. Venture Partners IX, L.P. 2011
- U.S. Venture Partners VIII, L.P. 2011
- U.S. Venture Partners VII, L.P. 2011
- Usvp X Affiliates Fund, L.P. 2011
- Usvp Entrepreneur Partners VIII-A, L.P. 2011
- Usvp VIII Affiliates Fund, L.P. 2011
- 2180 Associates Fund VII, L.P. 2011
- U.S. Venture Partners IV, L.P. 2011
- U.S. Venture Partners VI, L.P. 2011
All U.S. 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 805-5200046577. Data updated October 13, 2026.
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