Covenant Venture Capital LLC
Covenant Venture Capital · adviser of record: Covenant Venture Capital, LLC · 2020 vintage
Covenant Venture Capital LLC is a 2020 venture fund managed by Covenant Venture Capital, with $48mm raised (Form D, amount sold). It reported $21.3mm in gross assets at year-end 2025, 0.44x its size, against a peak of $64mm in 2021.
- Latest value held
- $21.3mm year-end 2025
- Peak
- $64mm year-end 2021
- Fund size
- $48mm Form D, amount sold
- Held vs. size
- 0.44x peak 1.33x
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 | $21.3mm | 0.44x | -66% over 2 yrs |
| 2023 | $63.2mm | 1.32x | +17% |
| 2022 | $54.2mm | 1.13x | -15% |
| 2021 | $64mm | 1.33x | +78% |
| 2020 | $36mm | 0.75x | – |
Other funds from Covenant Venture Capital
All Covenant Venture Capital funds
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 805-9122121279. Data updated October 13, 2026.
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