Illumina Innovation Fund II, L.P.
Illumina Ventures · adviser of record: Iif Management Company, LLC · 2019 vintage
Illumina Innovation Fund II, L.P. is a 2019 venture fund managed by Illumina Ventures, with $121mm raised (Form D, amount sold). It reported $350mm in gross assets at year-end 2025, 2.90x its size, against a peak of $356mm in 2021.
- Latest value held
- $350mm year-end 2025
- Peak
- $356mm year-end 2021
- Fund size
- $121mm Form D, amount sold
- Held vs. size
- 2.90x peak 2.96x
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 | $350mm | 2.90x | +11% over 2 yrs |
| 2023 | $317mm | 2.63x | -9% |
| 2022 | $346mm | 2.87x | -3% |
| 2021 | $356mm | 2.96x | +162% |
| 2020 | $136mm | 1.13x | +173% |
| 2019 | $50mm | 0.41x | – |
Other funds from Illumina Ventures
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 805-3895658931. Data updated October 13, 2026.
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