Banyan Partners CO-Invest 2015, L.P.
Gaorong Capital · adviser of record: Banyan Capital Partners LTD. · 2015 vintage
Banyan Partners CO-Invest 2015, L.P. is a 2015 venture fund managed by Gaorong Capital, with $19mm raised (Form D, amount sold). It reported $43.7mm in gross assets at year-end 2025, 2.30x its size, against a peak of $119mm in 2017.
- Latest value held
- $43.7mm year-end 2025
- Peak
- $119mm year-end 2017
- Fund size
- $19mm Form D, amount sold
- Held vs. size
- 2.30x peak 6.24x
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 | $43.7mm | 2.30x | -27% over 2 yrs |
| 2023 | $59.8mm | 3.15x | -18% |
| 2022 | $73.1mm | 3.85x | -20% |
| 2021 | $91.7mm | 4.83x | -4% |
| 2020 | $95.6mm | 5.03x | +3% |
| 2019 | $92.6mm | 4.88x | -19% |
| 2018 | $114mm | 6.01x | -4% |
| 2017 | $119mm | 6.24x | +20% |
| 2016 | $99.1mm | 5.21x | -3% |
| 2015 | $102mm | 5.38x | – |
Other funds from Gaorong Capital
- Gaorong Partners Fund VI, L.P. 2022
- Gaorong Partners Fund V, L.P. 2020
- Gaorong Partners Fund IV, L.P. 2018
- Banyan Partners Fund III, L.P. 2017
- Banyan Partners Fund II, L.P. 2014
- Banyan Partners Fund I, L.P. 2013
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 805-3607080181. Data updated October 13, 2026.
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