FRV LSF I, L.P.
R136 · adviser of record: R136 Management Limited · 2021 vintage
FRV LSF I, L.P. is a 2021 venture fund managed by R136, with $95mm raised (Form D, amount sold). It reported $62.8mm in gross assets at year-end 2025, 0.66x its size, against a peak of $80.8mm in 2022.
- Latest value held
- $62.8mm year-end 2025
- Peak
- $80.8mm year-end 2022
- Fund size
- $95mm Form D, amount sold
- Held vs. size
- 0.66x peak 0.85x
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 | $62.8mm | 0.66x | -22% over 2 yrs |
| 2023 | $80.8mm | 0.85x | +0% |
| 2022 | $80.8mm | 0.85x | – |
Other funds from R136
- Gusi I, LLC 2022
- FRV Seed I, L.P. 2021
- FRV II, L.P. 2017
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 805-2203550730. Data updated October 13, 2026.
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