Ince Capital Partners, L.P.
INCE Capital · adviser of record: Ince Capital LTD. · 2018 vintage
Ince Capital Partners, L.P. is a 2018 venture fund managed by INCE Capital, with $352mm raised (Form D, amount sold). It reported $452mm in gross assets at year-end 2025, 1.28x its size, against a peak of $649mm in 2021.
- Latest value held
- $452mm year-end 2025
- Peak
- $649mm year-end 2021
- Fund size
- $352mm Form D, amount sold
- Held vs. size
- 1.28x peak 1.84x
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 | $452mm | 1.28x | -16% over 2 yrs |
| 2023 | $540mm | 1.53x | -1% |
| 2022 | $544mm | 1.55x | -16% |
| 2021 | $649mm | 1.84x | +84% |
| 2020 | $352mm | 1.00x | +0% |
| 2019 | $352mm | 1.00x | +211% |
| 2018 | $113mm | 0.32x | – |
Other funds from INCE Capital
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 805-3714375716. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.