Thursday, Sep 10, 2026 The claims desk. Receipts included. POWERED BY LENZ ↗
IsThis

No public benchmark ranks individual venture capitalists worldwide by net DPI.

The Claim

Ben Horowitz has the highest DPI (distributions to paid-in capital) among all venture capitalists globally, based on net returns to limited partners.

Verified by Lenz ·

The Short Version

The claim is not supported by the available evidence. Public benchmark sources do not rank individual venture capitalists globally by net DPI, and the cited a16z-related materials show only partial fund-level performance, not a verified worldwide No. 1 position for Ben Horowitz. The statement also treats a fund metric as a personal ranking without defining how that comparison would be made.

Caveats

  • "Highest globally" is an unverifiable superlative here because no cited source provides a comprehensive, comparable cross-manager DPI ranking.
  • DPI is a fund-level net return metric; assigning it to one individual requires a clear method for aggregating across multiple funds, vintages, and strategies.
  • Reported distribution totals for a16z do not by themselves establish DPI or prove superiority over all peers without matched paid-in capital and consistent net-to-LP comparisons.

The Receipts

  1. Private Investment Benchmarks

    Cambridge Associates

  2. New Funds, New Era | Andreessen Horowitz

    Andreessen Horowitz

  3. Private Equity Program Fund Performance Review

    CalPERS

  4. Q4 2025 VC Fund Performance

    Carta

  5. TrackVC

    European Investment Fund

  6. The top-performing VC funds and firms, according to PitchBook

    PitchBook

  7. Q4 2023 Global Fund Performance Report (with preliminary Q1 2024 data)

    PitchBook

  8. US Venture Capital Index and Selected Benchmark Statistics

    Cambridge Associates

  9. VC Fund Performance: Q2 2025

    Carta

  10. Private Equity Program (PEP) Fund Performance Review

    CalPERS

+ 18 more sources — see the full list on Lenz

Filed Under

Ben Horowitz