HCM V, L.P.
Human Capital · adviser of record: TCM Group Holdings, LLC · 2021 vintage
HCM V, L.P. is a 2021 venture fund managed by Human Capital, with $500mm raised (Form D, amount sold). It reported $1.14bn in gross assets at year-end 2025, 2.29x its size, its highest reported value.
- Latest value held
- $1.14bn year-end 2025
- Peak
- $1.14bn year-end 2025
- Fund size
- $500mm Form D, amount sold
- Held vs. size
- 2.29x peak 2.29x
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 | $1.14bn | 2.29x | +139% over 2 yrs |
| 2023 | $478mm | 0.96x | +46% |
| 2022 | $327mm | 0.65x | – |
| 2021 | $0k | 0.00x | – |
Other funds from Human Capital
- HCM S14A LP 2023
- HCM S12A LP 2023
- HCM S9A LP 2022
- HCM WEB3 I, L.P. 2022
- HCM IV, L.P. 2021
- HCM S3C LP 2021
- HCM S11A LP 2021
- HCM S8A LP 2021
- HCM S7A LP 2021
- HCM S6A LP 2021
- HCM S7B LP 2021
- HCM S10A LP 2021
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 805-4252836454. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.