Fund II
Keytone Ventures (hong Kong) · adviser of record: Keytone Ventures (Hong Kong) Advisers Limited · 2011 vintage
Fund II is a 2011 venture fund managed by Keytone Ventures (hong Kong). It reported $235mm in gross assets at year-end 2025, against a peak of $364mm in 2018.
- Latest value held
- $235mm year-end 2025
- Peak
- $364mm year-end 2018
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $235mm | – | -12% over 2 yrs |
| 2023 | $268mm | – | -12% |
| 2022 | $306mm | – | -2% |
| 2021 | $313mm | – | +0% |
| 2020 | $313mm | – | -14% |
| 2019 | $364mm | – | +0% |
| 2018 | $364mm | – | +15% |
| 2017 | $317mm | – | -1% |
| 2016 | $320mm | – | -5% |
| 2015 | $338mm | – | +250% over 2 yrs |
| 2013 | $96.5mm | – | +49% |
| 2012 | $64.9mm | – | -70% |
| 2011 | $219mm | – | – |
Other funds from Keytone Ventures (hong Kong)
All Keytone Ventures (hong Kong) 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 805-3945018696. Data updated October 13, 2026.
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