Lightstone Ventures II, L.P.
Lightstone Ventures · adviser of record: LSV Capital Management, LLC · 2017 vintage
Lightstone Ventures II, L.P. is a 2017 venture fund managed by Lightstone Ventures, with $200mm raised (Form D, amount sold). It reported $199mm in gross assets at year-end 2023, 0.99x its size, against a peak of $397mm in 2020.
- Latest value held
- $199mm year-end 2023
- Peak
- $397mm year-end 2020
- Fund size
- $200mm Form D, amount sold
- Held vs. size
- 0.99x peak 1.98x
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 |
|---|---|---|---|
| 2023 | $199mm | 0.99x | -6% |
| 2022 | $212mm | 1.06x | -22% |
| 2021 | $271mm | 1.35x | -32% |
| 2020 | $397mm | 1.98x | +937% |
| 2019 | $38.3mm | 0.19x | +72% |
| 2018 | $22.3mm | 0.11x | -90% |
| 2017 | $234mm | 1.17x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Adams Street Venture & Growth Fund | 2026-06-30 | $3.6mm | 1.96x |
| ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC | 2026-06-30 | $538k | 1.96x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Lightstone Ventures
- Lightstone Ventures III, L.P. 2021
- Lightstone Singapore, L.P. 2015
- Lightstone Ventures, L.P. 2012
- Lightstone Ventures (A), L.P. 2012
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 805-6678528389. Data updated October 13, 2026.
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