Flex Capital Fund II, L.P.
Flex Capital · adviser of record: Flex Capital Management, L.L.C. · 2022 vintage
Flex Capital Fund II, L.P. is a 2022 venture fund managed by Flex Capital, with $149mm raised (Form D, amount sold). It reported $158mm in gross assets at year-end 2025, 1.06x its size, its highest reported value.
- Latest value held
- $158mm year-end 2025
- Peak
- $158mm year-end 2025
- Fund size
- $149mm Form D, amount sold
- Held vs. size
- 1.06x peak 1.06x
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 | $158mm | 1.06x | +13% over 2 yrs |
| 2023 | $140mm | 0.94x | -8% |
| 2022 | $153mm | 1.02x | – |
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 805-7597423830. Data updated October 13, 2026.
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