Fifth Wall Early-Stage Ventures, L.P.
Fifth Wall · adviser of record: Fifth Wall Asset Management, LLC · 2021 vintage
Fifth Wall Early-Stage Ventures, L.P. is a 2021 venture fund managed by Fifth Wall, with $271mm raised (Form D, amount sold). It reported $256mm in gross assets at year-end 2025, 0.94x its size, against a peak of $2.7bn in 2023.
- Latest value held
- $256mm year-end 2025
- Peak
- $2.7bn year-end 2023
- Fund size
- $271mm Form D, amount sold
- Held vs. size
- 0.94x peak 10.12x
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 | $256mm | 0.94x | -91% over 2 yrs |
| 2023 | $2.7bn | 10.12x | +876% |
| 2022 | $282mm | 1.04x | +46% |
| 2021 | $193mm | 0.71x | – |
Other funds from Fifth Wall
- Fifth Wall Ventures SPV Xxxix, LP 2023
- Fifth Wall Ventures SPV Xxxviii, LP 2023
- Fifth Wall Ventures SPV Xxi, LP 2023
- Fifth Wall Ventures III SPV Xxviii, L.P. 2022
- Fifth Wall Ventures SPV Xxxvii, L.P. 2022
- Fifth Wall Ventures SPV XXX, L.P. 2022
- Fifth Wall Ventures SPV Xxix, L.P. 2022
- Fifth Wall Ventures SPV Xxxii, L.P. 2022
- Fifth Wall Ventures SPV Xxxi, L.P. 2022
- Fifth Wall Ventures III, L.P. 2021
- Fifth Wall Late-Stage Climate Technology Fund, L.P. 2021
- Fifth Wall Ventures II SPV B, L.P. 2021
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 805-5959913485. Data updated October 13, 2026.
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