Innovating Capital PSL LP
Innovating Capital · adviser of record: Innovating Capital Management, LLC · 2021 vintage
Innovating Capital PSL LP is a 2021 venture fund managed by Innovating Capital, with $1mm raised (Form D, amount sold). It reported $16mm in gross assets at year-end 2025, 16.00x its size, against a peak of $20mm in 2023.
- Latest value held
- $16mm year-end 2025
- Peak
- $20mm year-end 2023
- Fund size
- $1mm Form D, amount sold
- Held vs. size
- 16.00x peak 19.98x
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 | $16mm | 16.00x | -20% over 2 yrs |
| 2023 | $20mm | 19.98x | +17% |
| 2022 | $17mm | 17.03x | +0% |
| 2021 | $17mm | 17.03x | – |
Other funds from Innovating Capital
- Innovating Venture Partners S-II LP 2021
- Innovating Capital Iosd LP 2021
- Innovating Capital IO LP 2020
- Innovating Venture Partners S-I LP 2020
- Kain Capital I, LP 2015
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 805-5379576225. Data updated October 13, 2026.
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