Felicis Focus Fund I, L.P.
Felicis · adviser of record: Felicis Ventures Management Company, LLC · 2021 vintage
Felicis Focus Fund I, L.P. is a 2021 venture fund managed by Felicis, with $300mm raised (Form D, amount sold). It reported $638mm in gross assets at year-end 2025, 2.13x its size, its highest reported value.
- Latest value held
- $638mm year-end 2025
- Peak
- $638mm year-end 2025
- Fund size
- $300mm Form D, amount sold
- Held vs. size
- 2.13x peak 2.13x
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 | $638mm | 2.13x | +108% over 2 yrs |
| 2023 | $307mm | 1.02x | +3% |
| 2022 | $299mm | 1.00x | -1% |
| 2021 | $303mm | 1.01x | – |
Other funds from Felicis
- Felicis Ventures IX, L.P. 2023
- Felicis Ventures VIII, L.P. 2021
- Felicis Associates Fund VIII, L.P. 2021
- Felicis Associates Focus Fund I, L.P. 2021
- Felicis Community Fund, LLC 2021
- Felicis Community Fund II, LLC 2021
- Felicis Associates Fund VII, LP 2020
- Felicis Ventures VII, L.P. 2019
- Felicis Ventures VI, L.P. 2018
- Felicis Associates Fund VI, LP 2018
- Felicis Ventures V, L.P. 2016
- Felicis Side Fund V, L.P. 2016
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 805-1484304490. Data updated October 13, 2026.
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