General Inception LLC
General Inception · adviser of record: General Inception Management, LLC · 2022 vintage
General Inception LLC is a 2022 venture fund managed by General Inception, with $57.6mm raised (Form D, amount sold). It reported $52.2mm in gross assets at year-end 2025, 0.91x its size, against a peak of $55.5mm in 2022.
- Latest value held
- $52.2mm year-end 2025
- Peak
- $55.5mm year-end 2022
- Fund size
- $57.6mm Form D, amount sold
- Held vs. size
- 0.91x peak 0.96x
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 | $52.2mm | 0.91x | -2% over 2 yrs |
| 2023 | $53.1mm | 0.92x | -4% |
| 2022 | $55.5mm | 0.96x | – |
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 805-5871048325. Data updated October 13, 2026.
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