Builders VC Fund II, L.P.
Builders VC · adviser of record: Builders VC, LLC · 2020 vintage
Builders VC Fund II, L.P. is a 2020 venture fund managed by Builders VC, with $236mm raised (Form D, amount sold). It reported $224mm in gross assets at year-end 2025, 0.95x its size, its highest reported value.
- Latest value held
- $224mm year-end 2025
- Peak
- $224mm year-end 2025
- Fund size
- $236mm Form D, amount sold
- Held vs. size
- 0.95x peak 0.95x
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 | $224mm | 0.95x | +3% over 2 yrs |
| 2023 | $217mm | 0.92x | -2% |
| 2022 | $222mm | 0.94x | +6% |
| 2021 | $210mm | 0.89x | +151% |
| 2020 | $83.8mm | 0.36x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LACERS | 2025-12-31 | $10mm | 0.00x | 1.16x | 1.16x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Builders VC
- Rivet Digital SPV I, LP 2022
- Rivet RE SPV I, LP 2021
- Rivet Health SPV III, LP 2021
- Rivet Health SPV I, L.P. 2020
- Builders VC Fund II (Canada), L.P. 2020
- Builders VC Fund I (Canada), L.P. 2018
- Builders VC Fund I, L.P. 2016
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 805-3735593007. Data updated October 13, 2026.
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