Khosla Ventures Opportunity II, L.P.
Khosla Ventures · adviser of record: Khosla Ventures, LLC · 2023 vintage
Khosla Ventures Opportunity II, L.P. is a 2023 venture fund managed by Khosla Ventures, with $651mm raised (Form D, amount sold). It reported $927mm in gross assets at year-end 2025, 1.42x its size, its highest reported value.
- Latest value held
- $927mm year-end 2025
- Peak
- $927mm year-end 2025
- Fund size
- $651mm Form D, amount sold
- Held vs. size
- 1.42x peak 1.42x
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 | $927mm | 1.42x | +3208% over 2 yrs |
| 2023 | $28mm | 0.04x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| New Jersey DOI | 2026-03-31 | $100mm | 0.00x | 1.17x | 1.17x |
| Michigan SMIB | 2025-12-31 | – | – | – | $12.2mm |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Khosla Ventures
- Khosla Ventures VIII, L.P. 2023
- Khosla Ventures Excelsior, L.P. 2023
- Khosla Ventures Seed F, L.P. 2023
- Khosla Ventures CFS SPV, LLC 2021
- Khosla Ventures Ifspv II-A, LLC 2021
- Khosla Ventures VII, L.P. 2020
- Khosla Ventures Opportunity I, L.P. 2020
- Khosla Ventures Seed E, L.P. 2020
- Khosla Ventures Ifspv I, LLC 2019
- Khosla Ventures VI, L.P. 2017
- Khosla Ventures Seed D, L.P. 2017
- Khosla Ventures V, 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 805-8512228999. Data updated October 13, 2026.
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