Lilly Asia Ventures Fund II, L.P.
Lilly Asia Ventures · adviser of record: Lav Management Company, Limited · 2012 vintage
Lilly Asia Ventures Fund II, L.P. is a 2012 venture fund managed by Lilly Asia Ventures. It reported $70.3mm in gross assets at year-end 2025, against a peak of $811mm in 2021.
- Latest value held
- $70.3mm year-end 2025
- Peak
- $811mm year-end 2021
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $70.3mm | – | -90% over 2 yrs |
| 2023 | $723mm | – | +1% |
| 2022 | $716mm | – | -12% |
| 2021 | $811mm | – | +0% |
| 2020 | $808mm | – | +80% |
| 2019 | $449mm | – | +38% |
| 2018 | $324mm | – | +134% |
| 2017 | $138mm | – | -16% |
| 2016 | $165mm | – | +101% |
| 2015 | $82mm | – | -10% |
| 2014 | $90.9mm | – | +0% over 2 yrs |
| 2012 | $90.9mm | – | – |
Other funds from Lilly Asia Ventures
- Lav Fund VI, L.P. 2020
- Lav Fund VI Opportunities, L.P. 2020
- Lav Biosciences Fund V, L.P. 2018
- Lav Biosciences Fund IV, L.P. 2016
- Lav Biosciences Fund III, L.P. 2014
- Lilly Asia Ventures Fund III, L.P. 2014
- Lilly Asia Ventures Fund I, 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 805-9506619790. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.