Primary
Primary last closed a fund in April 2025 — 19 months ago. By its own rhythm, that is right about when it usually raises again.
Primary has raised 4 times on its Select funds about every 18 months. The last was Primary Select Fund IV, L.P. That pointed to Oct 2026: due now, and no new fund filed yet.
Historically about 1 in 3 high-confidence firms filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 4
- Capital raised
- $636M
- Latest close
- April 2025
- Based in
- NY
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Primary Select Fund IV, L.P. | April 2025 | $200M | 0002062684 ↗ |
| Primary Select Fund III, L.P. | July 2022 | $275M | 0001936185 ↗ |
| Primary Select Fund II, L.P. | February 2021 | $128M | 0001844253 ↗ |
| Primary Select Fund I, L.P. | August 2019 | $33M | 0001782569 ↗ |
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
Anne Lysak, Cassie Young, Anne Davey, Ben Sun, Jason Schuman, Jason Shuman, Michal Witkowski, Robert Peruzzi
What Primary invests in
- Typical fund
- $200M median, early stage, Series A-B scale
Service providers
- Fund administrator
- Standish (4 funds)
- Auditor
- PwC (4 funds)
From Form ADV filed by PRIMARY VENTURE MANAGEMENT, LLC CRD 161884 ↗, 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.