[5] In 1911, Henry Phipps Jr., a co-founder of Carnegie Steel, formed Bessemer Trust in New York to manage his family's assets.

[4] In 1986, Bessemer Securities had $950 million assets under management and had continued to expand its investment team by hiring venture capital specialists.

[8][9][10][11] Bessemer Securities is still considered the parent company of BVP as it provides funding and support to the firm.

[8][10][12] In 2000, BVP started investing in areas outside the U.S. which included India, Israel, Latin America and Europe.

[11] Around this period, BVP set up a section on its website named Anti-Portfolio which contains a list of major investment opportunities it had missed.