Firstmark Capital Of II, L.P.
FirstMark Capital · adviser of record: Firstmark Capital, LLC · 2016 vintage
Firstmark Capital Of II, L.P. is a 2016 venture fund managed by FirstMark Capital, with $200mm raised (Form D, amount sold). It reported $479mm in gross assets at year-end 2025, 2.40x its size, against a peak of $803mm in 2021.
- Latest value held
- $479mm year-end 2025
- Peak
- $803mm year-end 2021
- Fund size
- $200mm Form D, amount sold
- Held vs. size
- 2.40x peak 4.02x
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 | $479mm | 2.40x | +22% over 2 yrs |
| 2023 | $393mm | 1.97x | -8% |
| 2022 | $428mm | 2.15x | -47% |
| 2021 | $803mm | 4.02x | +94% |
| 2020 | $414mm | 2.08x | +66% |
| 2019 | $249mm | 1.25x | +19% |
| 2018 | $209mm | 1.05x | +4% |
| 2017 | $202mm | 1.01x | +0% |
| 2016 | $202mm | 1.01x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Michigan SMIB | 2025-12-31 | – | – | – | $60.7mm |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from FirstMark Capital
- Firstmark Capital Of IV, L.P. 2022
- Firstmark Capital VI, L.P. 2022
- Firstmark Capital VI-F, L.P. 2022
- Firstmark Capital Of IV-F, L.P. 2022
- Firstmark Capital J1, L.P. 2021
- Firstmark Capital S2, L.P. 2021
- Firstmark Capital R1, LP 2020
- FMM R1, Limited Partnership 2020
- Firstmark Capital V, L.P. 2019
- Firstmark Capital Of III, L.P. 2019
- Firstmark Capital Of III-F, L.P. 2019
- Firstmark Capital V-F, L.P. 2019
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 805-6013465245. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.