Forerunner Builders II, L.P.
Forerunner Ventures · adviser of record: Forerunner Ventures Management, LLC · 2019 vintage
Forerunner Builders II, L.P. is a 2019 venture fund managed by Forerunner Ventures, with $62mm raised (Form D, amount sold). It reported $120mm in gross assets at year-end 2025, 1.94x its size, against a peak of $178mm in 2021.
- Latest value held
- $120mm year-end 2025
- Peak
- $178mm year-end 2021
- Fund size
- $62mm Form D, amount sold
- Held vs. size
- 1.94x peak 2.87x
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 | $120mm | 1.94x | +19% over 2 yrs |
| 2023 | $101mm | 1.63x | -35% |
| 2022 | $155mm | 2.50x | -13% |
| 2021 | $178mm | 2.87x | +145% |
| 2020 | $72.5mm | 1.17x | +16% |
| 2019 | $62.6mm | 1.01x | – |
Other funds from Forerunner Ventures
- Forerunner Builders VI, L.P. 2022
- Forerunner Partners VI, L.P. 2022
- Forerunner Friends VI, L.P. 2022
- Forerunner Builders III, L.P. 2021
- Forerunner Builders F-G, L.P. 2021
- Forerunner Partners V, L.P. 2020
- Forerunner Partners IV, L.P. 2018
- Forerunner Builders IV, L.P. 2018
- Forerunner Friends IV, L.P. 2018
- Forerunner Builders I, L.P. 2017
- Forerunner Partners III, L.P. 2016
- Forerunner For Bonobos D, LLC 2014
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 805-2429449071. Data updated October 13, 2026.
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