Asia Innovation Ventures, LP
Pappas Capital · adviser of record: Pappas Capital, LLC · 2021 vintage
Asia Innovation Ventures, LP is a 2021 venture fund managed by Pappas Capital, with $200mm raised (Form D, amount sold). It reported $84mm in gross assets at year-end 2025, 0.42x its size, against a peak of $99.5mm in 2021.
- Latest value held
- $84mm year-end 2025
- Peak
- $99.5mm year-end 2021
- Fund size
- $200mm Form D, amount sold
- Held vs. size
- 0.42x peak 0.50x
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 | $84mm | 0.42x | -6% over 2 yrs |
| 2023 | $89.8mm | 0.45x | -6% |
| 2022 | $95.9mm | 0.48x | -4% |
| 2021 | $99.5mm | 0.50x | – |
Other funds from Pappas Capital
- Pappas Life Science Ventures VI, LP 2022
- PV VI Ceo Fund, LP 2022
- A.M. Pappas Life Science Ventures V, LP 2016
- PV V Ceo Fund, LP 2016
- Chiesi Ventures, LP 2014
- A. M. Pappas Life Science Ventures IV, LP 2011
- A. M. Pappas Life Science Ventures III, LP 2011
- A. M. Pappas Life Science Ventures II, LP 2011
- PV III Ceo Fund, LP 2011
- PV IV Ceo Fund, LP 2011
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 805-1801306747. Data updated October 13, 2026.
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