LC Fund VII, L.P.
Legend Capital · adviser of record: Legend Capital Management Limited · 2016 vintage
LC Fund VII, L.P. is a 2016 venture fund managed by Legend Capital, with $423mm raised (Form D, amount sold). It reported $333mm in gross assets at year-end 2025, 0.79x its size, against a peak of $754mm in 2022.
- Latest value held
- $333mm year-end 2025
- Peak
- $754mm year-end 2022
- Fund size
- $423mm Form D, amount sold
- Held vs. size
- 0.79x peak 1.78x
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 | $333mm | 0.79x | -39% over 2 yrs |
| 2023 | $547mm | 1.29x | -27% |
| 2022 | $754mm | 1.78x | +21% |
| 2021 | $622mm | 1.47x | -1% |
| 2020 | $627mm | 1.48x | +1607% |
| 2019 | $36.7mm | 0.09x | -92% |
| 2018 | $448mm | 1.06x | +0% |
| 2017 | $448mm | 1.06x | +67% |
| 2016 | $268mm | 0.63x | – |
Other funds from Legend Capital
- LC Healthcare Continued Fund I, L.P. 2021
- LC Fund VIII, L.P. 2019
- LC Healthcare Fund II, L.P. 2019
- LC Fund VIII (Korea), L.P. 2019
- LC Healthcare Fund I, L.P. 2015
- LC Fund VI, L.P. 2014
- LC Fund V, L.P. 2011
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 805-1656004982. Data updated October 13, 2026.
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