Form D · Venture Capital Fund

New Enterprise Associates 18, L.P.

Timonium, MD · CIK 0001880234

Offering snapshot reported May 24, 2022 · SEC filing

Reported sold: $2.85B
Investors reported: 271
Minimum accepted: $0
First sale: Dec 22, 2021

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$1,668,396,000 → $2,845,331,500
Reported investors128 → 271

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 24, 2022	Amendment	$2,845,331,500	$1,176,935,500vs Jan 21, 2022	271	SEC filing
Jan 21, 2022	Amendment	$1,668,396,000	No comparison	128	SEC filing
Nov 12, 2021	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $3.4M (estimated)
Finders' fees: $0
Form D file number: 021-420874

Sales commissions to be paid to recipients disclosed in Item 12, in installments, with respect to a limited number of investors in the Issuer and based on a percentage of such investors' subscriptions.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Goldman Sachs & Co. LLC	361
Lazard Freres & Co. LLC	2528
Lazard & Co., Limited	None
J.P. Morgan Securities LLC	79
DS Investment & Securities Co., Ltd.	None

Source: Form D, filed May 24, 2022. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

NEW ENTERPRISE ASSOCIATES 18, L.P.

Investment adviser: NEA MANAGEMENT COMPANY, LLC

Gross asset value: $5.83B
Beneficial owners: 295
ADV minimum commitment: $80K

Reported in Form ADV on Aug 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor PRICEWATERHOUSECOOPERS LLP BALTIMORE, Maryland, United States

Custodian CITIBANK, N.A. NEW CASTLE, Delaware, United States Related to adviser: No

Custodian FIRST CITIZENS BANK SANTA CLARA, California, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN CLEARING CORP. BROOKLYN, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. BROOKLYN, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

FIRST CITIZENS BANK
LEI L9VVX1KT5TFTKS0MLF66

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

J.P. MORGAN CLEARING CORP.
SEC 8-43724

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

Filing source

Form ADV 2126923 · Aug 26, 2026 · Schedule D 7.B.(1), fund 805-1104398481

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Ali Behbahani	Executive
Carmen Chang	Executive
Anthony A. Florence	Executive
Liza K. Landsman Gold	Executive
Mohamad H. Makhzoumi	Executive
Edward T. Mathers	Executive
N/A Nea 18 Gp, Llc	Executive
N/A Nea Partners 18, L.P.	Executive
Scott D. Sandell	Executive
Peter W. Sonsini	Executive
Paul E. Walker	Executive
Rick C. Yang	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1954 Greenspring Drive, Suite 600
Timonium, MD, 21093