A-Star Capital Fund II, LP
A-star Partners · adviser of record: A-Star Partners, LLC · 2023 vintage
A-Star Capital Fund II, LP is a 2023 venture fund managed by A-star Partners, with $300mm raised (Form D, amount sold). It reported $404mm in gross assets at year-end 2025, 1.35x its size, its highest reported value.
- Latest value held
- $404mm year-end 2025
- Peak
- $404mm year-end 2025
- Fund size
- $300mm Form D, amount sold
- Held vs. size
- 1.35x peak 1.35x
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 | $404mm | 1.35x | +28% over 2 yrs |
| 2023 | $316mm | 1.05x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| University of California | 2021-06-30 | $29.6mm | 1.65x | 1.65x | 0.00x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from A-star Partners
- A-Star Partners CT IV LLC 2022
- A-Star Partners Fund I, LP 2020
- A-Star Partners Warehouse II LLC 2020
- A-Star Partners CT II LLC 2020
- A-Star Partners CT III LLC 2020
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 805-4698409629. Data updated October 13, 2026.
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