Elevar India V, LP
Elevar Equity · adviser of record: Elevar Equity Management LTD. · 2021 vintage
Elevar India V, LP is a 2021 venture fund managed by Elevar Equity, with $126mm raised (Form D, amount sold). It reported $139mm in gross assets at year-end 2025, 1.11x its size, against a peak of $167mm in 2023.
- Latest value held
- $139mm year-end 2025
- Peak
- $167mm year-end 2023
- Fund size
- $126mm Form D, amount sold
- Held vs. size
- 1.11x 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 | $139mm | 1.11x | -17% over 2 yrs |
| 2023 | $167mm | 1.33x | +9% |
| 2022 | $153mm | 1.21x | +59% |
| 2021 | $96.2mm | 0.77x | – |
Other funds from Elevar Equity
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 805-9742473904. Data updated October 13, 2026.
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