186 Ventures I, LP
186 Ventures Management Group · adviser of record: 186 Ventures Management Group, LLC · 2021 vintage
186 Ventures I, LP is a 2021 venture fund managed by 186 Ventures Management Group, with $37mm raised (Form D, amount sold). It reported $34.6mm in gross assets at year-end 2025, 0.94x its size, against a peak of $37mm in 2021.
- Latest value held
- $34.6mm year-end 2025
- Peak
- $37mm year-end 2021
- Fund size
- $37mm Form D, amount sold
- Held vs. size
- 0.94x peak 1.00x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $34.6mm | 0.94x | +7% over 2 yrs |
| 2023 | $32.4mm | 0.88x | -12% |
| 2022 | $37mm | 1.00x | +0% |
| 2021 | $37mm | 1.00x | – |
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-5342874175. Data updated October 13, 2026.
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