From 8VC to Benchmark, here’s what’s hiding in October SEC filings

October was a big month for venture funds, per SEC filings. The filings show that established names are currently commanding top dollar from LPs, especially with a specialized focus. Here are some of the most notable ones we found that haven’t been meaningfully announced or have seen important updates.

根据美国证券交易委员会（SEC）的文件显示，十月份对于风险投资基金来说是一个重要的月份。这些文件表明，知名机构目前正从有限合伙人（LP）那里获得巨额资金，尤其是在具有专业化重点的领域。以下是我们发现的一些尚未正式公布或已有重要进展的值得关注的案例。

For one, Trust Ventures filed Monday to raise a $400 million Fund V. The Austin-based firm was founded in 2017 by Salen Churi to back founders building in highly regulated industries. Koch Disruptive Technologies notably backed the firm’s debut fund back in 2018. It previously sought to raise a $225 million Fund IV in 2023, though it’s unclear if or when that fund closed. Deep tech fund Interlagos Capital is also raising a $400 million Fund II.

首先，Trust Ventures周一提交了募集4亿美元五期基金（Fund V）的文件。这家总部位于奥斯汀的公司由Salen Churi于2017年创立，旨在支持在高度监管行业中创业的创始人。值得注意的是，Koch Disruptive Technologies曾于2018年支持了该公司的首期基金。该公司此前曾在2023年寻求募集2.25亿美元的四期基金，但目前尚不清楚该基金是否或何时完成募集。深科技基金Interlagos Capital也正在募集4亿美元的二期基金。

Elsewhere, Victor Lazarte and Kris Fredrickson, two former Benchmark VCs, have raised $1.252 billion for their debut AI fund called Diffusion ONE. Forbes previously reported back in May that the two had teamed up (after raising smaller funds of their own) to launch this fund with a target of $800 million, meaning it’s far surpassed that original target. The firm has already cut big checks since its debut, including co-leading Harvey’s $550 million Series H with Lightspeed Ventures and taking part in Etched’s $300 million Series C, announced in July.

此外，两位前Benchmark风险投资人Victor Lazarte和Kris Fredrickson已为其名为Diffusion ONE的首支人工智能基金筹集了12.52亿美元。《福布斯》此前在五月份报道称，两人在各自筹集了较小规模的基金后联手推出了这支基金，目标金额为8亿美元，这意味着该基金已远超最初的目标。自成立以来，该公司已经进行了大额投资，包括与Lightspeed Ventures共同领投了Harvey的5.5亿美元H轮融资，并参与了七月份宣布的Etched的3亿美元C轮融资。

Speaking of Benchmark, the firm filed what looks like four new partner-only funds, called Benchmark Partners Founders’ Fund T1, Benchmark Partners Founders’ Fund 2, Benchmark Partners Founders’ Fund 2-A, and Benchmark Partners Founders’ Fund T1-A, seeking to raise $220 million, $132 million, $4.5 million, and $7.5 million, respectively. Jack Altman, who recently left his own firm to join Benchmark, is listed in each filing.

说到Benchmark，该公司提交了四支看起来是仅限合伙人的新基金文件，分别名为Benchmark Partners Founders’ Fund T1、Benchmark Partners Founders’ Fund 2、Benchmark Partners Founders’ Fund 2-A和Benchmark Partners Founders’ Fund T1-A，拟募集金额分别为2.2亿美元、1.32亿美元、450万美元和750万美元。最近离开自己公司加入Benchmark的Jack Altman被列在每一份文件中。

Meanwhile, Joe Lonsdale’s 8VC also seems to be seeking to raise new vehicles — including a $400 million fund called 8VC DSS III; a $30.35 million fund called 8VC COSC; a $20.35 million 8VC BRSC fund; and a fund called 8VC AI Fund XI, which has already raised $13.5 million, including from 8VC itself. This follows the July news that 8VC raised $1.5 billion for Fund VII.

与此同时，Joe Lonsdale的8VC似乎也在寻求募集新的投资工具，包括一支名为8VC DSS III的4亿美元基金；一支名为8VC COSC的3035万美元基金；一支2035万美元的8VC BRSC基金；以及一支名为8VC AI Fund XI的基金，该基金已筹集了1350万美元，其中包括来自8VC自身的投资。此前，8VC曾在七月份宣布为其七期基金（Fund VII）筹集了15亿美元。

Earlier this month, Notable Capital, backers of companies like Anthropic, Airbnb, and Square, filed to raise a fifth fund, while Neil Mehta’s Greenoaks, which co-led Anthropic’s $65 billion Series H, filed to raise a fund called Greenoaks 7. The timing is good as Anthropic just took another major step in its efforts to go public, meaning the firms are already prepared to market themselves based on possible handsome returns. According to PitchBook, Greenoaks has also backed companies like Ramp and Anthropic.

本月早些时候，曾支持Anthropic、Airbnb和Square等公司的Notable Capital提交了募集五期基金的文件，而曾领投Anthropic 65亿美元H轮融资的Neil Mehta旗下的Greenoaks也提交了募集名为Greenoaks 7基金的文件。时机恰逢Anthropic在上市进程中迈出了重要一步，这意味着这些公司已经准备好以潜在的丰厚回报来推销自己。根据PitchBook的数据，Greenoaks还投资了Ramp和Anthropic等公司。

Industry Ventures, meanwhile, has raised at least $1.7 billion for its secondaries fund, which opened in late July. The size of the vehicle shows how important that market has become, as appetite grows to buy into hot exiting private companies. One family office advisor told TechCrunch last month about how popular the secondaries market has become, while Emily Zheng, a senior VC analyst at PitchBook, said that stakes in Anthropic and OpenAI are some of the “most contested real estate in venture.”

与此同时，Industry Ventures已为其七月下旬启动的二级市场基金筹集了至少17亿美元。该基金的规模显示了二级市场的重要性，因为投资者对入股热门退出期私营企业的兴趣日益增长。一位家族办公室顾问上个月告诉TechCrunch，二级市场已经变得非常受欢迎，而PitchBook的高级风险投资分析师Emily Zheng则表示，Anthropic和OpenAI的股份是“风险投资领域竞争最激烈的资产”。