Fuse Venture Partners Alpha I, LP
Fuse Ventures · adviser of record: Fuse Ventures Management, LLC · 2020 vintage
Fuse Venture Partners Alpha I, LP is a 2020 venture fund managed by Fuse Ventures, with $160mm raised (Form D, amount sold). It reported $166mm in gross assets at year-end 2025, 1.04x its size, against a peak of $167mm in 2021.
- Latest value held
- $166mm year-end 2025
- Peak
- $167mm year-end 2021
- Fund size
- $160mm Form D, amount sold
- Held vs. size
- 1.04x peak 1.05x
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 | $166mm | 1.04x | +9% over 2 yrs |
| 2023 | $153mm | 0.96x | -7% |
| 2022 | $165mm | 1.03x | -1% |
| 2021 | $167mm | 1.05x | +91% |
| 2020 | $87.4mm | 0.55x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Ares Private Markets Fund | 2026-06-30 | $510k | 1.48x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Fuse Ventures
- Fuse Zuper I, LLC 2023
- Fuse Venture Partners Alpha II, LP 2022
- Fuse Venture Partners II, LP 2022
- Fuse Owl I, LLC 2021
- Fuse Venture Partners I, LP 2020
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 805-4400308363. Data updated October 13, 2026.
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