Borealis Granite Fund, LP
Borealis Venture · adviser of record: Borealis Venture Management II, LLC · 2012 vintage
Borealis Granite Fund, LP is a 2012 venture fund managed by Borealis Venture. It reported $12.9mm in gross assets at year-end 2025, against a peak of $38.7mm in 2019.
- Latest value held
- $12.9mm year-end 2025
- Peak
- $38.7mm year-end 2019
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $12.9mm | – | +132% over 2 yrs |
| 2023 | $5.5mm | – | -69% |
| 2022 | $17.9mm | – | -12% |
| 2021 | $20.2mm | – | -31% |
| 2020 | $29.1mm | – | -25% |
| 2019 | $38.7mm | – | +20% |
| 2018 | $32.3mm | – | +21% |
| 2017 | $26.7mm | – | +32% |
| 2016 | $20.3mm | – | +39% |
| 2015 | $14.6mm | – | +43% |
| 2014 | $10.2mm | – | +53% |
| 2013 | $6.7mm | – | +51% |
| 2012 | $4.4mm | – | – |
Other funds from Borealis Venture
- Borealis Fund VI, LP 2022
- Borealis Fund V - Veterinary Innovation, LP 2021
- Vox Health Fund, LP 2017
- BV Opportunities - Design Innovation Fund, LP 2013
- The Borealis Fund II, LP 2011
- The Borealis Fund, LP 2011
- BV Opportunities Fund, LP 2011
- BV Opportunities Fund II, LP 2011
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 805-2119734051. Data updated October 13, 2026.
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