Form D · Venture Capital Fund

U.S. Venture Partners XI, L.P.

Menlo Park, CA · CIK 0001619539

Offering snapshot reported Oct 29, 2015 · SEC filing

Reported sold: $281M
Investors reported: 49
Minimum accepted: $0
First sale: Sep 19, 2014

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 49

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 29, 2015	Amendment	$281,275,000	No comparison	49	SEC filing
Sep 19, 2014	Initial	Yet to sell	No comparison	0	SEC filing
Sep 19, 2014	Amendment	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $110K (estimated)
Form D file number: 021-225009

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Olaf Neubert	5121437	Top Capital Advisors, Inc. · CRD 166881

Source: Form D, filed Oct 29, 2015. 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

U.S. VENTURE PARTNERS XI, L.P.

Investment adviser: USVP MANAGEMENT COMPANY LLC

Gross asset value: $501M
Beneficial owners: 52
ADV minimum commitment: $0

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

Service providers

Auditor BDO USA, P.C. SAN FRANCISCO, California, United States

Custodian BANK OF AMERICA, N.A. MENLO PARK, California, United States Related to adviser: No

Custodian JPMORGAN CHASE, N.A. SAN FRANCISCO, California, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No

Provider details

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

BDO USA, P.C.
PCAOB 243

JPMORGAN CHASE, N.A.
LEI 7H6GLXDRUGQFU57RNE97

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Filing source

Form ADV 2080342 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-5200046577

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

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
U.S. Venture Partners XI, L.P. (this fund)	Oct 29, 2015	$281,275,000	49
U.S. Venture Partners XII, L.P.	May 10, 2019	$292,647,000	62
U.S. Venture Partners XIII, L.P.	Dec 14, 2022	$368,678,743	99
U.S. Venture Partners XIV, L.P.	Jul 31, 2026	Yet to sell	0

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
Steven M Krausz	Executive
Rick Lewis	Executive
Jonathan D Root	Executive
Casey Tansey	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1460 El Camino Real, Suite 100
Menlo Park, CA, 94025