Hongshan Capital Seed Fund II, L.P.

HongShan · adviser of record: Hongshan Capital Advisors Limited · 2020 vintage

Hongshan Capital Seed Fund II, L.P. is a 2020 venture fund managed by HongShan, with $180mm raised (Form D, amount sold). It reported $232mm in gross assets at year-end 2025, 1.30x its size, against a peak of $250mm in 2022.

Latest value held

$232mm year-end 2025

Peak

$250mm year-end 2022

Fund size

$180mm Form D, amount sold

Held vs. size

1.30x peak 1.39x

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

Other funds from HongShan

• Hongshan Capital Venture Fund IX, L.P. 2022
• Hongshan Capital Seed Fund III, L.P. 2022
• Hongshan Capital Venture Partners Fund IX, L.P. 2022
• Hongshan Capital Venture IX Principals Fund, L.P. 2022
• Hongshan Capital Seed III Principals Fund, L.P. 2022
• Hongshan Capital Seed Partners Fund III, L.P. 2022
• HSG Innoventure, L.P. 2021
• Hongshan Capital Venture Fund VIII, L.P. 2020
• Hongshan Capital Venture VIII Principals Fund, L.P. 2020
• Hongshan Capital Venture Partners Fund VIII, L.P. 2020
• Hongshan Capital Principals Seed Fund II, L.P. 2020
• Hongshan Capital Venture Fund VII, L.P. 2018

All HongShan funds

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 805-2476490867. Data updated October 13, 2026.