Flex Capital Fund I, L.P.
Flex Capital · adviser of record: Flex Capital Management, L.L.C. · 2018 vintage
Flex Capital Fund I, L.P. is a 2018 venture fund managed by Flex Capital, with $100mm raised (Form D, amount sold). It reported $73.1mm in gross assets at year-end 2023, 0.73x its size, against a peak of $113mm in 2021.
- Latest value held
- $73.1mm year-end 2023
- Peak
- $113mm year-end 2021
- Fund size
- $100mm Form D, amount sold
- Held vs. size
- 0.73x peak 1.13x
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 |
|---|---|---|---|
| 2023 | $73.1mm | 0.73x | -32% |
| 2022 | $108mm | 1.08x | -5% |
| 2021 | $113mm | 1.13x | +100% |
| 2020 | $56.5mm | 0.56x | +23% |
| 2019 | $45.9mm | 0.46x | +8% |
| 2018 | $42.5mm | 0.42x | – |
Other funds from Flex Capital
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 805-8410300939. Data updated October 13, 2026.
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