BRV Opportunities Fund, L.P.
BlueRun Ventures · adviser of record: BRV Management CO, L.L.C. · 2015 vintage
BRV Opportunities Fund, L.P. is a 2015 venture fund managed by BlueRun Ventures, with $40mm raised (Form D, amount sold). It reported $8.1mm in gross assets at year-end 2025, 0.20x its size, against a peak of $22.7mm in 2016.
- Latest value held
- $8.1mm year-end 2025
- Peak
- $22.7mm year-end 2016
- Fund size
- $40mm Form D, amount sold
- Held vs. size
- 0.20x peak 0.57x
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 | $8.1mm | 0.20x | -7% over 2 yrs |
| 2023 | $8.7mm | 0.22x | -9% |
| 2022 | $9.5mm | 0.24x | -11% |
| 2021 | $10.7mm | 0.27x | +3% |
| 2020 | $10.4mm | 0.26x | -43% |
| 2019 | $18.2mm | 0.46x | -9% |
| 2018 | $20.1mm | 0.50x | +0% |
| 2017 | $20.1mm | 0.50x | -11% |
| 2016 | $22.7mm | 0.57x | +26% |
| 2015 | $18mm | 0.45x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| CalSTRS | 2025-06-30 | $2.7mm | 0.47x | 0.89x | 0.42x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from BlueRun Ventures
- BRV VI, L.P. 2017
- BRV V, L.P. 2014
- Bluerun Ventures IV, L.P. 2011
- Bluerun Ventures, L.P. 2011
- Fund 3321 2011
- Fund 2788 2011
- Fund 0971 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 805-8353901179. Data updated October 13, 2026.
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