Bessemer Venture Partners AUM 2026: $20.2B, a New $5.75B Fund, and the Portfolio Behind It

Bessemer Venture Partners manages roughly $20.2 billion in assets under management, per a Form ADV filed around March 30, 2026 — a figure that predates the firm's $5.75 billion capital raise announced that September.

Bessemer traces its roots to 1911 through Bessemer Securities, a vehicle tied to the Carnegie Steel fortune, making it one of the oldest continuously operating venture investment practices in the US. Its portfolio spans Pinterest, Shopify, and LinkedIn from an earlier era to Anthropic, Canva, and Perplexity in the current AI cycle, and in January 2026 it led a $250 million round in cloud-security company Upwind at a $1.5 billion valuation. Here's the fund-by-fund history and what the AUM number is actually built on.

Bessemer Venture Partners AUM 2026: What the $20.2B Figure Is Built On

Bessemer's assets under management stood at roughly $20.239 billion in discretionary regulatory assets, per a Form ADV filed around March 30, 2026 by Deer Management Co. LLC (CRD #159279), the SEC-registered entity that conducts Bessemer's advisory business under the Bessemer Venture Partners name. A later Form ADV amendment on file is dated May 13, 2026, though it isn't clear whether that filing changed the AUM figure.

That $20.2 billion figure predates Bessemer's newest capital raise: on September 25, 2026, Kirkland & Ellis announced it had advised Bessemer on raising $5.75 billion in new capital in a single close, intended to "invest in companies amidst the AI era." The firm split the capital into $1.75 billion for seed and early-stage investing and $4 billion for growth-stage deals, and Alternatives Watch reported that its flagship Bessemer Venture Partners XIII vehicle closed at approximately $3.4 billion, alongside a second vehicle, Century Fund III, whose individual size wasn't broken out in the announcement.

Bessemer Venture Partners Fund History

The milestones behind the $20.2 billion figure, as disclosed across separate sources:

The $5.75B raise and the $20.2B AUM figure are not simply additive — AUM includes markups on existing positions and vehicles not separately broken out in Form ADV or press disclosures, and the two figures were reported roughly six months apart.

How Old Is Bessemer Venture Partners, and Who Runs It?

Bessemer traces its roots to 1911 through Bessemer Securities, a vehicle tied to the Carnegie Steel fortune, which makes the firm's investing practice one of the oldest continuously operating in American venture capital — well over a century old, spanning multiple generations of partners and market cycles. Over that history, the firm has backed more than 420 portfolio companies and seen more than 150 of them reach an IPO or de-SPAC, per its own disclosed totals.

Jeremy Levine is among the firm's best-known partners for its earlier-era wins: he led Bessemer's investments in Pinterest, Wikia, Yelp (which went public), Shopify, and LinkedIn — the last of which Microsoft acquired for $26.2 billion in 2016, among the largest acquisitions in the company's history at the time, per Microsoft's own announcement. That track record is part of why Bessemer's current portfolio spans both legacy consumer-internet and marketplace names and a newer slate of AI-era "category-defining" companies.

Inside the Bessemer Venture Partners Portfolio

Bessemer's own materials describe Anthropic, Abridge, Canva, LinkedIn, Perplexity, Pinterest, Rocket Lab, Shopify, ServiceTitan, and Toast among its "category-defining" companies — a mix of consumer-internet-era wins and the current AI and infrastructure cycle the firm's newest $5.75 billion in capital is aimed at.

The newest addition: Bessemer led cloud-security company Upwind's $250 million Series B, announced January 26, 2026, at a $1.5 billion valuation, with Salesforce Ventures and Picture Capital also participating alongside existing backers Greylock, Cyberstarts, and TCV. Upwind reported 900% year-over-year revenue growth at the time of the round, which brought its total disclosed funding to roughly $430 million.

Bessemer Venture Partners Portfolio Snapshot

A sample of disclosed positions and exits behind Bessemer's AUM figure, by era:

How we counted: companies Bessemer's own materials and reputable outlet reporting name as current or past portfolio positions; as of October 2026.

Where the numbers get thin

Bessemer's $20.2 billion AUM figure comes from a regulatory filing dated roughly six months before its $5.75 billion raise, so the two numbers are not from the same point in time and the firm hasn't published a combined, current total. Its own portfolio count (420-plus companies, 150-plus IPOs or de-SPACs) is a lifetime cumulative figure spanning more than a century of investing, not a current active-portfolio size, so it overstates how many of those positions the firm still holds today. And several of the deal details here — including the precise split of the $5.75 billion between Bessemer Venture Partners XIII and Century Fund III — come from trade-press coverage of the raise rather than Bessemer's own announcement, which was not separately broken out by fund in the press materials reviewed for this post.