Construct SPV-VH, LLC
Construct Capital · adviser of record: Construct Capital Management, LLC · 2022 vintage
Construct SPV-VH, LLC is a 2022 venture fund managed by Construct Capital, with $5.9mm raised (Form D, amount sold). It reported $4.5mm in gross assets at year-end 2025, 0.76x its size, against a peak of $5mm in 2023.
- Latest value held
- $4.5mm year-end 2025
- Peak
- $5mm year-end 2023
- Fund size
- $5.9mm Form D, amount sold
- Held vs. size
- 0.76x peak 0.85x
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 | $4.5mm | 0.76x | -11% over 2 yrs |
| 2023 | $5mm | 0.85x | +0% |
| 2022 | $5mm | 0.85x | – |
Other funds from Construct Capital
- Construct Capital II, L.P. 2022
- Construct Capital II Operators Fund, L.P. 2022
- Construct SPV-VM, LLC 2022
- Construct Capital Select Fund I, L.P. 2021
- Construct Capital I, L.P. 2019
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 805-8715955751. Data updated October 13, 2026.
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