Indicator Ventures, L.P.
HSV Holdings · adviser of record: HSV Holdings LLC · 2014 vintage
Indicator Ventures, L.P. is a 2014 venture fund managed by HSV Holdings, with $14.4mm raised (Form D, amount sold). It reported $28.8mm in gross assets at year-end 2025, 1.99x its size, its highest reported value.
- Latest value held
- $28.8mm year-end 2025
- Peak
- $28.8mm year-end 2025
- Fund size
- $14.4mm Form D, amount sold
- Held vs. size
- 1.99x peak 1.99x
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 | $28.8mm | 1.99x | +16% over 2 yrs |
| 2023 | $24.8mm | 1.72x | +1% |
| 2022 | $24.5mm | 1.70x | -2% |
| 2021 | $25.1mm | 1.74x | +20% |
| 2020 | $20.9mm | 1.45x | -4% |
| 2019 | $21.7mm | 1.51x | -0% |
| 2018 | $21.8mm | 1.51x | – |
Other funds from HSV Holdings
- Indicator Ventures III, L.P. 2021
- Indicator Ventures Select I, L.P. 2021
- Indicator Ventures II, L.P. 2017
- Indicator Carbon II, L.P. 2017
- Indicator Carbon, L.P. 2016
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 805-5067824925. Data updated October 13, 2026.
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