Iron Pillar Top Up Fund
Iron Pillar · adviser of record: Iron Pillar Holdings LTD. · 2019 vintage
Iron Pillar Top Up Fund is a 2019 venture fund managed by Iron Pillar, with $30.6mm raised (Form D, amount sold). It reported $150mm in gross assets at year-end 2025, 4.89x its size, against a peak of $183mm in 2022.
- Latest value held
- $150mm year-end 2025
- Peak
- $183mm year-end 2022
- Fund size
- $30.6mm Form D, amount sold
- Held vs. size
- 4.89x peak 5.99x
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 | $150mm | 4.89x | -14% over 2 yrs |
| 2023 | $174mm | 5.68x | -5% |
| 2022 | $183mm | 5.99x | +18% |
| 2021 | $155mm | 5.08x | +89% |
| 2020 | $82.4mm | 2.70x | +87% |
| 2019 | $44mm | 1.44x | – |
Other funds from Iron Pillar
- IP SLT II Holdings, LLC 2023
- Iron Pillar Fund II LTD 2021
- Iron Pillar PCC 2021
- Iron Pillar Fund I LTD 2017
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 805-5558575830. Data updated October 13, 2026.
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