Key Takeaways
- • Bessemer Venture Partners is seeking a combined $4.5 billion across its 13th early-stage fund and its third growth-stage fund, according to Venture Capital Journal.
- • Bessemer is targeting $3 billion for Fund XIII, per reports on the raise, with a smaller target for the growth vehicle.
- • New Mexico State Investment Council and San Mateo County Employees' Retirement Association are among the limited partners that have signed on to the new vehicles.
- • The raise was reported by PEI on 16 September 2026, with Lawrence Aragon as the reporter.
Summary
Bessemer Venture Partners has set out to raise a combined $4.5 billion for its 13th early-stage fund and its third growth-stage fund, according to Venture Capital Journal. Reports on the fundraise indicate the firm is targeting $3 billion for Fund XIII, with the remainder allocated to the growth-stage vehicle. The fundraise was reported by PEI Private Equity on 16 September 2026.
Among the limited partners that have already committed to the new vehicles are the New Mexico State Investment Council and the San Mateo County Employees' Retirement Association, per PEI. Their participation provides an early indication of institutional interest in the platform's early-stage and growth strategies.
The raise follows a series of large capital events for the firm. Bessemer has previously reported a $5.75 billion single close across new capital, including $1.75 billion for seed and early-stage strategies, according to publisher context. Separately, reports describe the firm's tenth early-stage fund as a $1.85 billion pool. Taken together, these figures show a firm continuing to scale its venture and growth platforms.
The primary source does not provide further detail on fund terms, fee structures, or final close timing, and those details should be confirmed against the fund's offering materials or subsequent reporting.
Among the limited partners that have already committed to the new vehicles are the New Mexico State Investment Council and the San Mateo County Employees' Retirement Association, per PEI. Their participation provides an early indication of institutional interest in the platform's early-stage and growth strategies.
The raise follows a series of large capital events for the firm. Bessemer has previously reported a $5.75 billion single close across new capital, including $1.75 billion for seed and early-stage strategies, according to publisher context. Separately, reports describe the firm's tenth early-stage fund as a $1.85 billion pool. Taken together, these figures show a firm continuing to scale its venture and growth platforms.
The primary source does not provide further detail on fund terms, fee structures, or final close timing, and those details should be confirmed against the fund's offering materials or subsequent reporting.
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