Every venture fund that reports to the SEC files its gross asset value each year on Form ADV. Search any fund to see how much value it reported holding, year by year, since 2011. Where a public pension discloses its stake, we show that too.
Value still held, not performance. Form ADV reports what a fund holds at year-end. Cash already paid out to investors is gone from that number, so a fund that has returned a lot of money can look smaller than one that has returned nothing. Use the pension figures, where shown, for returns.
Some managers include uncalled commitments. SEC instructions count money investors have promised but not yet paid in, and many managers report it that way. A young fund can therefore show close to its full size before it has invested anything.
One snapshot a year. Filings capture year-end values only. A big distribution or markdown between year-ends shows up the following year.
Fund size comes from the fund’s Form D: the total amount sold, or the stated target when the filing reports $0 sold. Many funds file a single Form D before their first close and never update it, so size is missing for some.
Sources: SEC Form ADV, Schedule D 7.B.(1) (bulk data for filings 2012–2024, current filings from the SEC’s adviser search); SEC Form D; fund reports published by CalPERS, CalSTRS, the University of California, WSIB, Oregon PERS and Minnesota SBI. Funds marked as feeders, energy, credit, real estate and infrastructure vehicles are left out. Built .