Kain Capital I, LP
Innovating Capital · adviser of record: Innovating Capital Management, LLC · 2015 vintage
Kain Capital I, LP is a 2015 venture fund managed by Innovating Capital, with $21.1mm raised (Form D, amount sold). It reported $10mm in gross assets at year-end 2025, 0.47x its size, against a peak of $44.8mm in 2020.
- Latest value held
- $10mm year-end 2025
- Peak
- $44.8mm year-end 2020
- Fund size
- $21.1mm Form D, amount sold
- Held vs. size
- 0.47x peak 2.12x
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 | $10mm | 0.47x | -44% over 2 yrs |
| 2023 | $17.8mm | 0.84x | +10% |
| 2022 | $16.2mm | 0.77x | +0% |
| 2021 | $16.2mm | 0.77x | -64% |
| 2020 | $44.8mm | 2.12x | – |
Other funds from Innovating Capital
- Innovating Capital PSL LP 2021
- Innovating Venture Partners S-II LP 2021
- Innovating Capital Iosd LP 2021
- Innovating Capital IO LP 2020
- Innovating Venture Partners S-I LP 2020
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 805-4397659784. Data updated October 13, 2026.
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