Form D · Other Investment Fund

Makena Perpetual Venture Capital Fund, L.P.

Menlo Park, CA · CIK 0001710035

Offering snapshot reported Aug 31, 2026 · SEC filing

Reported sold: $1.89B
Investors reported: 351
Minimum accepted: $0
First sale: Jul 1, 2017

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$1,572,104,504 → $1,890,486,304
Reported investors149 → 351

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 31, 2026	Amendment	$1,890,486,304	$318,381,800vs Jul 15, 2025	351	SEC filing
Jul 15, 2025	Amendment	$1,572,104,504	$71,120,000vs Feb 26, 2024	149	SEC filing
Feb 26, 2024	Amendment	$1,500,984,504	$64,350,000vs Apr 21, 2023	134	SEC filing
Apr 21, 2023	Amendment	$1,436,634,504	$383,436,994vs Jan 12, 2022	125	SEC filing
Jan 12, 2022	Amendment	$1,053,197,510	$538,370,332vs Jan 29, 2021	117	SEC filing
Jan 29, 2021	Amendment	$514,827,178	$112,081,911vs Mar 12, 2020	92	SEC filing
Mar 12, 2020	Amendment	$402,745,267	$0vs Feb 3, 2020	31	SEC filing
Feb 3, 2020	Amendment	$402,745,267	$0vs Feb 3, 2020	31	SEC filing
Feb 3, 2020	Amendment	$402,745,267	$110,253,251vs Mar 14, 2019	31	SEC filing
Mar 14, 2019	Amendment	$292,492,016	$162,367,314vs Jan 31, 2019	19	SEC filing
Jan 31, 2019	Amendment	$130,124,702	No comparison	19	SEC filing
Jun 29, 2017	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $309K
Finders' fees: $0
Form D file number: 021-289762

Sales compensation recipients

Scroll to see all columns →

Recipient	CRD	Associated broker-dealer
LPL FINANCIAL LLC	6413
CITI PRIVATE ALTERNATIVES, LLC	153777
Citibank, N.A.	None
Citibank, N.A., London Branch	None
Citibank, N.A., Zurich Branch	None
Citibank, N.A., Geneva Branch	None
Citibank, N.A., Singapore Branch	None
Citibank, N.A., Hong Kong Branch	None
Citibank, N.A., Jersey Branch	None
Citibank Europe PLC (UK Branch)	None
Citibank Europe PLC (Luxembourg Branch)	None
Citibank (Switzerland) AG	None
Citibank, N.A., Bahamas Branch	None
CITIGROUP GLOBAL MARKETS INC.	7059
Citibank Canada Investment Funds Limited	None
Citibank, N.A. UAE Branch on behalf of UAE CPB Distributor	None
Morgan Stanley Wealth Management	149777

Source: Form D, filed Aug 31, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

MAKENA PERPETUAL VENTURE CAPITAL FUND, L.P.

Investment adviser: MAKENA CAPITAL MANAGEMENT, LLC

Gross asset value: $1.51B
Beneficial owners: 299
ADV minimum commitment: $10M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian SILICON VALLEY BANK MENLO PARK, California, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, United States Related to adviser: No

Marketer CARNEGIE FONDER STOCKHOLM, Sweden Related to adviser: No

Marketer CITI PRIVATE ALTERNATIVES, LLC NEW YORK, New York, United States Related to adviser: No

Marketer LPL FINANCIAL LLC FORT MILL, South Carolina, United States Related to adviser: No

Marketer MORGAN STANLEY SMITH BARNEY LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 549300D2KJ20JMXE7542

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

LPL FINANCIAL LLC
CRD 6413 · SEC 801-10970

Filing source

Form ADV 2085303 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-7661979721

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Lara Banks	Director
Craig Blanchard	Director
David C. Burke	Director
Joseph Dekker	Director
Jackson Garton	Director
Kia Ghorashi	Director
Lawrence Edward Kochard	Director
Joseph Magher	Director
N/A Makena Capital Management (Cayman), Llc	Director
N/A Makena Capital Management Gp, Llc	Director
N/A Makena Capital Management, Llc	Promoter
N/A Makena Performance Holdings, L.P.	Director
N/A Makena Perpetual Fund Manager, Llc	Promoter
Michael G. Mc Caffery	Director
William Mc Grath	Director
William R. Miller	Director
Jeffery Mora	Director
Luke Proskine	Director
Brian Rodde	Director
Mike Tremmel	Director
Jonathan Van Gorp	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2755 Sand Hill Road, Suite 200
Menlo Park, CA, 94025