Equal Ventures 1, LP
Equal Ventures · adviser of record: Equal Ventures Management, LLC · 2018 vintage
Equal Ventures 1, LP is a 2018 venture fund managed by Equal Ventures, with $55mm raised (Form D, amount sold). It reported $190mm in gross assets at year-end 2025, 3.45x its size, against a peak of $218mm in 2022.
- Latest value held
- $190mm year-end 2025
- Peak
- $218mm year-end 2022
- Fund size
- $55mm Form D, amount sold
- Held vs. size
- 3.45x peak 3.96x
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 | $190mm | 3.45x | +3% over 2 yrs |
| 2023 | $185mm | 3.37x | -15% |
| 2022 | $218mm | 3.96x | +8% |
| 2021 | $201mm | 3.65x | +232% |
| 2020 | $60.5mm | 1.10x | +15% |
| 2019 | $52.6mm | 0.96x | +57% |
| 2018 | $33.5mm | 0.61x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $5mm | 0.00x | 3.07x | 3.07x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Equal Ventures
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 805-4624384318. Data updated October 13, 2026.
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