Hbse Ventures, LLC
Hbse · adviser of record: Hbse Management, LLC · 2017 vintage
Hbse Ventures, LLC is a 2017 venture fund managed by Hbse, with $25mm raised (Form D, amount sold). It reported $22mm in gross assets at year-end 2025, 0.88x its size, against a peak of $26mm in 2017.
- Latest value held
- $22mm year-end 2025
- Peak
- $26mm year-end 2017
- Fund size
- $25mm Form D, amount sold
- Held vs. size
- 0.88x peak 1.04x
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 | $22mm | 0.88x | +0% over 2 yrs |
| 2023 | $22mm | 0.88x | +0% |
| 2022 | $22mm | 0.88x | +0% |
| 2021 | $22mm | 0.88x | +0% |
| 2020 | $22mm | 0.88x | -15% |
| 2019 | $26mm | 1.04x | +0% |
| 2018 | $26mm | 1.04x | +0% |
| 2017 | $26mm | 1.04x | – |
Other funds from Hbse
- Hbse Ventures II LP 2018
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 805-7596376521. Data updated October 13, 2026.
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