Black Opal Ventures Fund I, L.P.
Black Opal Ventures · adviser of record: Black Opal Ventures, LLC · 2021 vintage
Black Opal Ventures Fund I, L.P. is a 2021 venture fund managed by Black Opal Ventures, with $57.5mm raised (Form D, amount sold). It reported $53.3mm in gross assets at year-end 2025, 0.93x its size, against a peak of $58mm in 2023.
- Latest value held
- $53.3mm year-end 2025
- Peak
- $58mm year-end 2023
- Fund size
- $57.5mm Form D, amount sold
- Held vs. size
- 0.93x peak 1.01x
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 | $53.3mm | 0.93x | -8% over 2 yrs |
| 2023 | $58mm | 1.01x | +19% |
| 2022 | $48.9mm | 0.85x | +55% |
| 2021 | $31.6mm | 0.55x | – |
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 805-9201672519. Data updated October 13, 2026.
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