Light Street Beacon
Light Street Beacon last closed a fund in October 2025 — 13 months ago. By its own rhythm, that is not yet halfway to the next one.
Light Street Beacon has raised 3 times about every 41 months. The last was Light Street Beacon III, L.P. That points to Mar 2029.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 3
- Capital raised
- $858M
- Latest close
- October 2025
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Light Street Beacon III, L.P. | October 2025 | $450M | 0002094604 ↗ |
| Light Street Beacon II, L.P. | April 2021 | $158M | 0001850944 ↗ |
| Light Street Beacon I, L.P. | January 2019 | $250M | 0001760990 ↗ |
| Light Street Beacon Principals I, L.P. | — | $20M | 0001760989 ↗ |
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Glen Kacher, Jay Kahn
What Light Street Beacon invests in
- Typical fund
- $250M median, multistage
- Website
- lightstreet.com
Service providers
- Fund administrator
- Standish (4 funds)
- Auditor
- KPMG (4 funds)
From Form ADV filed by LIGHT STREET CAPITAL MANAGEMENT, LLC CRD 155215 ↗, latest filing March 2026, covering 4 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.