Black Tech Nation Ventures 1, LP
Black Tech Nation Ventures · adviser of record: BTNV Management, LLC · 2021 vintage
Black Tech Nation Ventures 1, LP is a 2021 venture fund managed by Black Tech Nation Ventures, with $26.1mm raised (Form D, amount sold). It reported $50mm in gross assets at year-end 2025, 1.92x its size, against a peak of $50mm in 2023.
- Latest value held
- $50mm year-end 2025
- Peak
- $50mm year-end 2023
- Fund size
- $26.1mm Form D, amount sold
- Held vs. size
- 1.92x peak 1.92x
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 | $50mm | 1.92x | +0% over 2 yrs |
| 2023 | $50mm | 1.92x | +24% |
| 2022 | $40.5mm | 1.55x | +55% |
| 2021 | $26.1mm | 1.00x | – |
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 805-2691401556. Data updated October 13, 2026.
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