Emergence Capital Partners V, L.P.
Emergence Capital · adviser of record: Emergence Equity Management, Inc · 2018 vintage
Emergence Capital Partners V, L.P. is a 2018 venture fund managed by Emergence Capital, with $435mm raised (Form D, amount sold). It reported $538mm in gross assets at year-end 2025, 1.24x its size, against a peak of $775mm in 2021.
- Latest value held
- $538mm year-end 2025
- Peak
- $775mm year-end 2021
- Fund size
- $435mm Form D, amount sold
- Held vs. size
- 1.24x peak 1.78x
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 | $538mm | 1.24x | -8% over 2 yrs |
| 2023 | $588mm | 1.35x | -14% |
| 2022 | $687mm | 1.58x | -11% |
| 2021 | $775mm | 1.78x | +57% |
| 2020 | $492mm | 1.13x | +14% |
| 2019 | $430mm | 0.99x | -0% |
| 2018 | $431mm | 0.99x | – |
Other funds from Emergence Capital
- Emergence Capital Partners VI, L.P. 2021
- Emergence Capital Opportunity I, L.P. 2021
- Ezp Opportunity, L.P. 2016
- Emergence Capital Partners IV, L.P. 2015
- Emergence Capital Partners III, L.P. 2011
- Emergence Capital Partners II, L.P. 2011
- Emergence Capital Partners, L.P. 2011
- Emergence Capital Associates, L.P. 2011
- Emergence Capital Partners-P.A., L.P. 2011
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 805-6356912169. Data updated October 13, 2026.
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