Congruent Follow-On Fund I, LP - Direct Investment Class
Congruent Ventures · adviser of record: Congruent Management, LLC · 2016 vintage
Congruent Follow-On Fund I, LP - Direct Investment Class is a 2016 venture fund managed by Congruent Ventures, with $50mm raised (Form D, amount sold). It reported $36.1mm in gross assets at year-end 2025, 0.72x its size, against a peak of $52mm in 2022.
- Latest value held
- $36.1mm year-end 2025
- Peak
- $52mm year-end 2022
- Fund size
- $50mm Form D, amount sold
- Held vs. size
- 0.72x peak 1.04x
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 | $36.1mm | 0.72x | -1% over 2 yrs |
| 2023 | $36.4mm | 0.73x | -30% |
| 2022 | $52mm | 1.04x | +12% |
| 2021 | $46.3mm | 0.93x | +11% |
| 2020 | $41.6mm | 0.83x | +5% |
| 2019 | $39.7mm | 0.79x | -1% |
| 2018 | $40mm | 0.80x | -0% |
| 2017 | $40.1mm | 0.80x | -0% |
| 2016 | $40.2mm | 0.80x | – |
Other funds from Congruent Ventures
- Congruent Ventures III, L.P. 2023
- Congruent Cosine Fund I, L.P. 2023
- Congruent Cosine Fund II, LP 2023
- Congruent Opportunity Fund B, LLC 2022
- Congruent Continuity Fund I, LP 2021
- Congruent Opportunity Fund A, LLC 2021
- Congruent Ventures II, LP 2020
- 2040 Congruent CO-Investment Fund I, LP 2019
- Sip Congruent CO-Investment Fund I, LP 2019
- Shell Congruent CO-Investment Fund I, LP 2018
- Congruent Opportunity Fund I, LP 2017
- Congruent Ventures I, LP 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 805-2537278789. Data updated October 13, 2026.
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