Definition I LP
Definition Capital · adviser of record: Definition Capital Management LLC · 2021 vintage
Definition I LP is a 2021 venture fund managed by Definition Capital, with $75mm raised (Form D, amount sold). It reported $154mm in gross assets at year-end 2025, 2.05x its size, its highest reported value.
- Latest value held
- $154mm year-end 2025
- Peak
- $154mm year-end 2025
- Fund size
- $75mm Form D, amount sold
- Held vs. size
- 2.05x peak 2.05x
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 | $154mm | 2.05x | +112% over 2 yrs |
| 2023 | $72.4mm | 0.97x | -5% |
| 2022 | $76mm | 1.01x | +7% |
| 2021 | $71.2mm | 0.95x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Hamilton Lane Venture Capital & Growth Fund | 2026-06-30 | $4.6mm | 1.52x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Definition Capital
- Definition Opportunity II LLC 2021
- Definition Opportunity I LLC 2021
- Definition Opportunity III LLC 2021
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 805-5510288530. Data updated October 13, 2026.
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