A ZGB 2020, LLC
Altos Ventures · adviser of record: Altos Ventures Management, Inc. · 2020 vintage
A ZGB 2020, LLC is a 2020 venture fund managed by Altos Ventures, with $54.5mm raised (Form D, amount sold). It reported $90mm in gross assets at year-end 2025, 1.65x its size, against a peak of $148mm in 2022.
- Latest value held
- $90mm year-end 2025
- Peak
- $148mm year-end 2022
- Fund size
- $54.5mm Form D, amount sold
- Held vs. size
- 1.65x peak 2.71x
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 | $90mm | 1.65x | -37% over 2 yrs |
| 2023 | $144mm | 2.63x | -3% |
| 2022 | $148mm | 2.71x | +200% |
| 2021 | $49.3mm | 0.91x | -1% |
| 2020 | $49.9mm | 0.92x | – |
Other funds from Altos Ventures
- Altos Korea Opportunity Fund 6, L.P. 2023
- Altos Hybrid 5 SE, LLC 2022
- AV C 2022, L.P. 2022
- Altos Hybrid 5, L.P. 2022
- Altos Hybrid WT, LLC 2022
- A TSS 2022, LLC 2022
- A VVR 2022, LLC 2022
- Altos Hybrid TA, LLC 2022
- Altos Hybrid HD, LLC 2022
- Altos Hybrid Is, LLC 2022
- Altos Korea Opportunity Fund 5, L.P. 2021
- A SLF 2021, LLC 2021
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 805-4341855315. Data updated October 13, 2026.
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