FRV II, L.P.
R136 · adviser of record: R136 Management Limited · 2017 vintage
FRV II, L.P. is a 2017 venture fund managed by R136, with $235mm raised (Form D, amount sold). It reported $152mm in gross assets at year-end 2025, 0.65x its size, against a peak of $182mm in 2022.
- Latest value held
- $152mm year-end 2025
- Peak
- $182mm year-end 2022
- Fund size
- $235mm Form D, amount sold
- Held vs. size
- 0.65x peak 0.77x
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 | $152mm | 0.65x | -16% over 2 yrs |
| 2023 | $182mm | 0.77x | +0% |
| 2022 | $182mm | 0.77x | – |
Other funds from R136
- Gusi I, LLC 2022
- FRV LSF I, L.P. 2021
- FRV Seed I, L.P. 2021
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 805-8706095296. Data updated October 13, 2026.
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