Eminence China Enterprise Fund II, LP
Eminence Ventures · adviser of record: Eminence Marvelous GP II Limited · 2020 vintage
Eminence China Enterprise Fund II, LP is a 2020 venture fund managed by Eminence Ventures, with $28.1mm raised (Form D, amount sold). It reported $173mm in gross assets at year-end 2025, 6.15x its size, its highest reported value.
- Latest value held
- $173mm year-end 2025
- Peak
- $173mm year-end 2025
- Fund size
- $28.1mm Form D, amount sold
- Held vs. size
- 6.15x peak 6.15x
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 | $173mm | 6.15x | +81% over 2 yrs |
| 2023 | $95.5mm | 3.39x | +21% |
| 2022 | $78.9mm | 2.80x | +47% |
| 2021 | $53.7mm | 1.91x | +425% |
| 2020 | $10.2mm | 0.36x | – |
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 805-5845939478. Data updated October 13, 2026.
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