Advantage, LP
leAD Sports & Health Tech Partners · adviser of record: Lead Management Company LTD. · 2019 vintage
Advantage, LP is a 2019 venture fund managed by leAD Sports & Health Tech Partners, with $50k raised (Form D, amount sold). It reported $32.6mm in gross assets at year-end 2025, 651.04x its size, against a peak of $51.8mm in 2021.
- Latest value held
- $32.6mm year-end 2025
- Peak
- $51.8mm year-end 2021
- Fund size
- $50k Form D, amount sold
- Held vs. size
- 651.04x peak 1036.88x
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 | $32.6mm | 651.04x | -25% over 2 yrs |
| 2023 | $43.1mm | 862.56x | -15% |
| 2022 | $51mm | 1019.06x | -2% |
| 2021 | $51.8mm | 1036.88x | +181% |
| 2020 | $18.5mm | 369.28x | +13% |
| 2019 | $16.4mm | 327.78x | – |
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 805-1351442359. Data updated October 13, 2026.
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