Blackhorn Ventures, LP
Blackhorn Ventures · adviser of record: Blackhorn Ventures Management, LLC · 2017 vintage
Blackhorn Ventures, LP is a 2017 venture fund managed by Blackhorn Ventures, with $13.6mm raised (Form D, amount sold). It reported $28.2mm in gross assets at year-end 2025, 2.08x its size, against a peak of $78.8mm in 2022.
- Latest value held
- $28.2mm year-end 2025
- Peak
- $78.8mm year-end 2022
- Fund size
- $13.6mm Form D, amount sold
- Held vs. size
- 2.08x peak 5.81x
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 | $28.2mm | 2.08x | -23% over 2 yrs |
| 2023 | $36.8mm | 2.71x | -53% |
| 2022 | $78.8mm | 5.81x | +11% |
| 2021 | $70.8mm | 5.22x | +187% |
| 2020 | $24.6mm | 1.82x | +33% |
| 2019 | $18.6mm | 1.37x | – |
Other funds from Blackhorn Ventures
- Blackhorn Ventures Industrial Impact Fund II, LP 2022
- Blackhorn Ventrues Industrial Impact Fund II Affiliates, LP 2022
- Blackhorn Locomation Investment SPV 2021
- Blackhorn Humatics Investment II SPV, LLC 2020
- Blackhorn Ventures Industrial Impact Fund, LP 2019
- Blackhorn Select, LP 2019
- Blackhorn Ewf Investment SPV, LLC 2019
- Blackhorn Motiv Investment SPV, LLC 2018
- Blackhorn Aperia SPV, LLC 2018
- Blackhorn Humatics Investment SPV, LLC 2018
- Blackhorn Cytovale Investment SPV, LLC 2017
- Blackhorn Rhumbix Investment SPV, LLC 2017
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 805-8808854760. Data updated October 13, 2026.
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