Foundation Capital Leadership Fund II, L.P.
Foundation Capital · adviser of record: Foundation Capital, LLC · 2019 vintage
Foundation Capital Leadership Fund II, L.P. is a 2019 venture fund managed by Foundation Capital, with $200mm raised (Form D, amount sold). It reported $231mm in gross assets at year-end 2025, 1.15x its size, against a peak of $264mm in 2021.
- Latest value held
- $231mm year-end 2025
- Peak
- $264mm year-end 2021
- Fund size
- $200mm Form D, amount sold
- Held vs. size
- 1.15x peak 1.32x
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 | $231mm | 1.15x | +30% over 2 yrs |
| 2023 | $178mm | 0.89x | -10% |
| 2022 | $198mm | 0.99x | -25% |
| 2021 | $264mm | 1.32x | +16% |
| 2020 | $228mm | 1.14x | – |
| 2019 | $0k | 0.00x | – |
Other funds from Foundation Capital
- Foundation Capital X, L.P. 2021
- Foundation Capital Leadership Fund III, L.P. 2021
- Foundation Capital IX, L.P. 2018
- Foundation Capital VIII, L.P. 2015
- Foundation Capital VII, L.P. 2012
- Foundation Capital VI, L.P. 2011
- Foundation Capital IV, L.P. 2011
- Foundation Capital V, L.P. 2011
- Foundation Capital II, L.P. 2011
- Foundation Capital Leadership Fund, L.P. 2011
- Foundation Capital III, L.P. 2011
- Foundation Capital Iiiq Entrepreneurs, LLC 2011
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 805-3756494118. Data updated October 13, 2026.
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