Blue Lagoon Capital II, L.P.
Blue Lagoon · adviser of record: Blue Lagoon Advisors, LLC · 2018 vintage
Blue Lagoon Capital II, L.P. is a 2018 venture fund managed by Blue Lagoon, with $52mm raised (Form D, amount sold). It reported $53mm in gross assets at year-end 2025, 1.02x its size, against a peak of $53mm in 2019.
- Latest value held
- $53mm year-end 2025
- Peak
- $53mm year-end 2019
- Fund size
- $52mm Form D, amount sold
- Held vs. size
- 1.02x peak 1.02x
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 | $53mm | 1.02x | +0% over 2 yrs |
| 2023 | $53mm | 1.02x | +0% |
| 2022 | $53mm | 1.02x | +0% |
| 2021 | $53mm | 1.02x | +0% |
| 2020 | $53mm | 1.02x | +0% |
| 2019 | $53mm | 1.02x | +2% |
| 2018 | $52mm | 1.00x | – |
Other funds from Blue Lagoon
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 805-5658234193. Data updated October 13, 2026.
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