Technology Crossover Management Xi, LTD.
Technology Crossover Management XI, Ltd. is a private equity fund management entity affiliated with Technology Crossover Ventures (TCV), headquartered in Menlo Park, California. It operates under the larger TCV umbrella, which specializes in late-stage growth equity investments in leading technology companies. The XI, Ltd. fund and related vehicles (e.g., TCV XI, L.P.) were launched within the past five years, with connections in Luxembourg as well as California. The TCV platform has a sizable professional staff serving institutional and sophisticated investors, with the XI fund being one of its flagship products.
Investment Strategy
Technology Crossover Management XI, Ltd., through TCV, focuses on late-stage growth investments in innovative technology companies, typically by providing equity capital to firms in sectors such as software, internet, and technology-enabled services. The fund takes a partnership approach, aiming to back market leaders and companies with scalable business models. Investments often target firms poised for significant expansion via product development, market penetration, or strategic acquisitions.
Top Holdings
Equity Positions (3)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPOT | Spotify Technologies, S.A. | 72.85% | $767.3M | 1,000,000 | $139.21 | $767.34 | +$53.8M |
Z Z | Zillow Group, Inc. | 15.55% | $163.8M | 2,338,036 | $45.64 | $70.05 | +$3.5M |
C CART | Maplebear Inc. | 11.60% | $122.1M | 2,700,000 | $29.69 | $45.24 | +$14.4M |