High Alpha Capital Fund II, L.P.
High Alpha Studio · adviser of record: High Alpha Studio, LLC · 2017 vintage
High Alpha Capital Fund II, L.P. is a 2017 venture fund managed by High Alpha Studio, with $38.1mm raised (Form D, amount sold). It reported $78.6mm in gross assets at year-end 2025, 2.06x its size, against a peak of $162mm in 2021.
- Latest value held
- $78.6mm year-end 2025
- Peak
- $162mm year-end 2021
- Fund size
- $38.1mm Form D, amount sold
- Held vs. size
- 2.06x peak 4.26x
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 | $78.6mm | 2.06x | -42% over 2 yrs |
| 2023 | $135mm | 3.55x | -11% |
| 2022 | $151mm | 3.97x | -7% |
| 2021 | $162mm | 4.26x | +37% |
| 2020 | $118mm | 3.10x | +28% |
| 2019 | $92.2mm | 2.42x | +10% |
| 2018 | $84mm | 2.20x | -1% |
| 2017 | $85mm | 2.23x | – |
Other funds from High Alpha Studio
- High Alpha Capital Fund IV, L.P. 2023
- High Alpha Capital Fund III, L.P. 2020
- High Alpha CO-Investment II, LLC 2018
- High Alpha CO-Investment III, LLC 2018
- High Alpha CO-Investment, LLC 2014
- High Alpha Seed Fund, L.P. Dba High Alpha Capital 2014
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 805-6808544641. Data updated October 13, 2026.
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