Acorn Bioventures, L.P.
Acorn Capital · adviser of record: Acorn Capital Advisors, LLC · 2018 vintage
Acorn Bioventures, L.P. is a 2018 venture fund managed by Acorn Capital, with $200mm raised (Form D, amount sold). It reported $160mm in gross assets at year-end 2025, 0.80x its size, against a peak of $315mm in 2020.
- Latest value held
- $160mm year-end 2025
- Peak
- $315mm year-end 2020
- Fund size
- $200mm Form D, amount sold
- Held vs. size
- 0.80x peak 1.58x
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 | $160mm | 0.80x | +11% over 2 yrs |
| 2023 | $144mm | 0.72x | -20% |
| 2022 | $180mm | 0.90x | -43% |
| 2021 | $315mm | 1.58x | +0% |
| 2020 | $315mm | 1.58x | +246% |
| 2019 | $90.9mm | 0.46x | +27% |
| 2018 | $71.3mm | 0.36x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Michigan SMIB | 2025-12-31 | – | – | – | $60.1mm |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Acorn Capital
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 805-1603524425. Data updated October 13, 2026.
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