Joy Capital II, L.P.
Joy Capital · adviser of record: Joy Capital Management, LTD. · 2017 vintage
Joy Capital II, L.P. is a 2017 venture fund managed by Joy Capital, with $300mm raised (Form D, amount sold). It reported $425mm in gross assets at year-end 2025, 1.42x its size, against a peak of $523mm in 2019.
- Latest value held
- $425mm year-end 2025
- Peak
- $523mm year-end 2019
- Fund size
- $300mm Form D, amount sold
- Held vs. size
- 1.42x peak 1.74x
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 | $425mm | 1.42x | -10% over 2 yrs |
| 2023 | $472mm | 1.57x | +0% |
| 2022 | $470mm | 1.57x | +20% |
| 2021 | $390mm | 1.30x | +12% |
| 2020 | $349mm | 1.16x | -33% |
| 2019 | $523mm | 1.74x | +59% |
| 2018 | $328mm | 1.09x | +379% |
| 2017 | $68.4mm | 0.23x | – |
Other funds from Joy Capital
- Joy Capital IV, L.P. 2022
- Joy Capital III, L.P. 2019
- Joy Capital Opportunity, L.P. 2018
- Joy Capital I, L.P. 2014
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 805-8778618917. Data updated October 13, 2026.
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