Fraser Mccombs Ventures II LP
Fraser Mccombs Capital · adviser of record: Fraser Mccombs Capital II LLC · 2015 vintage
Fraser Mccombs Ventures II LP is a 2015 venture fund managed by Fraser Mccombs Capital, with $87.8mm raised (Form D, amount sold). It reported $85mm in gross assets at year-end 2025, 0.97x its size, against a peak of $135mm in 2022.
- Latest value held
- $85mm year-end 2025
- Peak
- $135mm year-end 2022
- Fund size
- $87.8mm Form D, amount sold
- Held vs. size
- 0.97x peak 1.54x
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 | $85mm | 0.97x | -25% over 2 yrs |
| 2023 | $113mm | 1.29x | -16% |
| 2022 | $135mm | 1.54x | +18% |
| 2021 | $115mm | 1.31x | +19% |
| 2020 | $96.5mm | 1.10x | +0% |
| 2019 | $96.5mm | 1.10x | -6% |
| 2018 | $103mm | 1.17x | – |
Other funds from Fraser Mccombs Capital
- FM Ventures IV LP 2023
- FM Capital SPV D, LP 2022
- FM Capital SPV E, LP 2022
- FM Capital SPV C, LP 2022
- FM Capital GTK, LP 2022
- FM Capital SPV B, LP 2022
- FM Capital SPV A, LP 2022
- Fraser Mccombs Ventures III LP 2020
All Fraser Mccombs Capital funds
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 805-8800644380. Data updated October 13, 2026.
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