Horsley Bridge Partners

Horsley Bridge Partners has invested with the world’s leading private equity funds since 1983, aiming to generate returns for its clients through funds of carefully selected private equity partnerships; its private equity investing experience spans four decades.⁠[1][2][2]

In 1995, Josh Freeman joined Horsley Bridge Partners, later becoming a managing director. He began his career at Paine Webber Group in San Francisco, and holds an AB in Communication from Stanford University and an MBA from the University of Michigan Business School.⁠[3][3][3]

On March 31, 1997, the investment adviser registration of Horsley Bridge Partners LLC with the U.S. Securities and Exchange Commission (SEC) became effective, under SEC file number 801-54099; since March 30, 2007, it has also made notice filings in California. The firm is a limited liability company organized under Delaware law, with a fiscal year ending in December.⁠[4][4][4][5][5]

In 2000, Lance Cottrill joined Horsley Bridge Partners, later becoming a managing director. He was previously a management consultant at McKinsey & Company, working on strategic engagements for clients in sectors including technology, consumer goods, transportation, and energy; he holds an AB in Quantitative Economics from Stanford University and an MBA from Harvard Business School.⁠[6][6][6]

In 2003, Kate Murphy joined Horsley Bridge Partners to manage the firm’s operations, later becoming managing director and chief operating officer. She was previously CFO of a venture-backed online investment adviser and earlier worked at Montgomery Asset Management; she began her career at Price Waterhouse in Boston and graduated from the University of Connecticut.⁠[7][7][7]

The same year, Kathryn Mayne joined to manage the London office, later becoming a managing director. She was previously Senior Vice President Investments at Claridge Inc., involved in investments in media, technology, consumer and industrial companies as well as private equity funds, and began her career at Jarislowsky, Fraser in Montreal; she holds a BA in History from the University of Calgary and an MBA from the University of Western Ontario.⁠[8][8][8][8]

In 2008, Yi Sun joined Horsley Bridge Partners, later becoming a managing director. He previously made technology investments at Garnett & Helfrich Capital and held various operating positions at Ingres Corp, and began his career as an attorney at Davis Polk & Wardwell; he holds a BS in Computer Science from Lafayette College, an MS in Computer Science from Stanford University, and joint JD/MBA degrees from Harvard Law and Business Schools.⁠[9][9][9][9]

In a Form D amendment filed on May 11, 2009, the international fund Horsley Bridge International V LP reported a total offering amount of $1.6 billion, with $1.53985 billion sold to 45 investors, and stated that the offering had been completed with no additional sales anticipated. Its managing general partner was Horsley Bridge Partners LLC, and the listed executive officers included Phillip Horsley, Gary L. Bridge, Duane E. Phillips, Alfred J. Giuffrida, Joshua D. Freeman, Lance Cottrill, and Kathleen M. Murphy, among others; the San Francisco address at the time was 505 Montgomery Street and the London address was 4 Cork Street.⁠[10][10][10][10][10][10]

As of October 2026, International V was the largest private fund managed by Horsley Bridge Partners by gross asset value, at about $3.046 billion.⁠[5][5]

In 2011, Du Chai joined Horsley Bridge Partners, later becoming a managing director. He previously spent 10 years at the Northwestern University Endowment, where he co-managed the private investments and real assets portfolios; he holds a BA in Economics from Northwestern University and an MBA from the Kellogg School of Management.⁠[11][11][11]

On February 29, 2012, Horsley Bridge X Venture, L.P. filed a Form D with the SEC reporting a total offering amount of $800 million; on January 9, 2013, the companion growth buyout fund Horsley Bridge X Growth Buyout, L.P. filed a Form D for $250 million. As of October 2026, the X Venture fund had a gross asset value of about $1.035 billion.⁠[12][12][13][13][5]

Horsley Bridge XI Venture, L.P. made its first sale of fund interests on January 26, 2015; in a Form D amendment filed on March 10, 2015, the fund reported a total offering amount of $1.14 billion, with $1.10235 billion sold to 63 investors. As of October 2026, the fund had a gross asset value of about $2.903 billion. On January 26, 2016, Horsley Bridge XI Growth Buyout, L.P. filed a Form D for $250 million.⁠[14][14][14][5][15][15]

On May 23, 2017, Horsley Bridge XII Venture, L.P. filed a Form D reporting a total offering amount of $1.3 billion, with placement intermediaries including Baro Investment & Securities of South Korea; on April 26, 2018, Horsley Bridge XII Growth Buyout, L.P. filed a Form D for $600 million. As of October 2026, the XII Venture fund had a gross asset value of about $2.941 billion.⁠[16][16][16][17][17][5]

On May 20, 2019, Horsley Bridge XIII Venture, L.P. filed a Form D reporting a total offering amount of $1.6 billion, with placement intermediaries from South Korea, Chile, Brazil, and Canada, including Baro Investment & Securities, Picton S.A., HMC Itajuba Capital Advisors, and Introduction Capital. As of October 2026, the fund had a gross asset value of about $2.761 billion. In October of the same year, Horsley Bridge Strategic Fund III, L.P. filed a Form D for $100 million.⁠[18][18][18][18][18][18][5][19][19]

On May 26, 2020, Horsley Bridge Strategic Fund IV, L.P. filed a Form D reporting a total offering amount of $250 million.⁠[20][20]

On July 22, 2021, Horsley Bridge Venture 14, L.P. and Horsley Bridge Venture 14 Plus, L.P. each filed a Form D, reporting total offering amounts of $1.75 billion and $250 million respectively; the next day, Horsley Bridge Growth 13, L.P. filed a Form D for $500 million. As of October 2026, the Venture 14 fund had a gross asset value of about $2.169 billion.⁠[21][21][22][22][23][5]

In December 2023, Horsley Bridge Venture 15, L.P. filed a Form D and an amendment reporting a total offering amount of $1.45 billion. As of October 2026, the fund had a gross asset value of about $1.650 billion.⁠[24][24][5]

On June 5, 2024, Horsley Bridge Growth 14, L.P. filed a Form D reporting a total offering amount of $400 million, signed by managing director Kathleen Murphy.⁠[25][25][25]

On July 9, 2026, Horsley Bridge Venture 16, L.P. filed a Form D reporting a total offering amount of $1.975 billion; on September 15 of the same year, Horsley Bridge Growth 15, L.P. filed a Form D reporting a total offering amount of $475 million (the aggregate for Growth 15, Growth 15-A, and the feeder fund). Both filings list the address as 140 New Montgomery Street, Floor 16, San Francisco.⁠[26][26][27][27][26]

In October 2026, the London venture capital firm DIG VenturesDIG VenturesDIG Ventures is a London-based early-stage venture capital firm that invests mainly at the pre-seed and seed stages in enterprise software, AI, and cloud infrastructure companies in Europe (and also Israel), positioning itself as “operator-led.” It was founded in 2018 by MuleSoft founder Ross Mason, initially as his family office; it closed its first institutional fund (Fund II, $100 million) in April 2025 and announced the close of its $120 million Fund III in October 2026.Open the full entry announced the close of its $120 million third fund; Horsley Bridge Partners was one of the institutional limited partners and was new to this fund. Other institutional limited partners included SofinaSofinaSofina is an investment holding company headquartered in Brussels, Belgium, and listed on Euronext Brussels. Founded in 1898 as an engineering conglomerate in the energy and transportation sectors, it became an investment company in the late 1960s, and its reference shareholder is a consortium controlled by the Boël family. It invests in growth companies in Europe, Asia, and the United States both directly (Sofina Direct) and through commitments to third-party venture and growth funds (Sofina Private Funds), and had a net asset value of about €11.5 billion as of June 30, 2026.Open the full entry, Granite, and a US university endowment.⁠[28][29][30]

In a Form ADV amendment filed on October 9, 2026, Horsley Bridge Partners LLC reported regulatory assets under management of about $23.609 billion across 46 accounts, of which about $23.593 billion was discretionary; the firm had about 45 employees, 10 of whom performed investment advisory functions (including research). Its principal office is at 140 New Montgomery Street, Floor 16, San Francisco, and it also has an office on Golden Square in London.⁠[5][5][5][5][5][5][5][31][31]

Horsley Bridge Partners’ venture capital approach is highly selective, focusing on early-stage strategies in technology sectors and working in long-term partnership with leading seed and early-stage venture investors, with the goal of giving clients access to new investment opportunities and early exposure to the next generation of technology leaders. In buyouts, it partners with teams that enhance businesses through active ownership and accelerated growth, emphasizes smaller funds in “hard-to-find places,” and builds concentrated portfolios.⁠[2][2][2][2][2][2]

From its offices in San Francisco and London, it has pursued opportunities in Europe, Asia, and other emerging markets for over two decades, and its international partners often have close ties to leading U.S. firms. Its funds are organized into series including venture capital funds of funds (Venture), growth buyout funds of funds (Growth Buyout/Growth), international funds (International), and strategic funds (Strategic Fund).⁠[2][2][5][5][5][5][5]

As of October 2026, Horsley Bridge Partners’ leadership team consisted of six managing directors: Du Chai, Lance Cottrill, Josh Freeman, Kathryn Mayne, Kate Murphy (also chief operating officer), and Yi Sun. Other senior staff included chief financial officer Clara Vu, chief information officer Jon Roller, general counsel Jessica White, and research director Abhi Acharya.⁠[32][32][32][32][32][32][32]

The direct owners and executive officers listed in its Form ADV include the managing directors above, chief financial officer Clara Vu, and several family trusts; Kathleen Murphy also serves as chief compliance officer.⁠[5][5][5][5][5]

Horsley Bridge Partners: Official website: https://www.horsleybridge.com/ (opens in a new window).⁠[5]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/horsley-bridge-partners (opens in a new window)⁠[5]