Liquid 2 Ventures Fund II, L.P.
Liquid 2 Ventures · adviser of record: Liquid 2 Ventures, LLC · 2018 vintage
Liquid 2 Ventures Fund II, L.P. is a 2018 venture fund managed by Liquid 2 Ventures, with $37.7mm raised (Form D, amount sold). It reported $236mm in gross assets at year-end 2025, 6.26x its size, against a peak of $246mm in 2023.
- Latest value held
- $236mm year-end 2025
- Peak
- $246mm year-end 2023
- Fund size
- $37.7mm Form D, amount sold
- Held vs. size
- 6.26x peak 6.53x
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 | $236mm | 6.26x | -1% |
| 2024 archived filing | $237mm | 6.30x | -4% |
| 2023 | $246mm | 6.53x | +1% |
| 2022 | $244mm | 6.46x | +386% |
| 2021 | $50.1mm | 1.33x | +0% |
| 2020 | $50.1mm | 1.33x | -4% |
| 2019 | $52mm | 1.38x | +0% |
| 2018 | $52mm | 1.38x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Cascade Private Capital Fund | 2026-06-30 | $14.3mm | 1.92x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Liquid 2 Ventures
- Liquid 2 Ventures Fund IV LP 2023
- Liquid 2 Venture Fund III L.P. 2020
- Liquid 2 Opportunities Fund I, L.P. 2020
- Liquid 2 Ventures QP, L.P. 2015
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 805-2488807633. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.