Liquid 2 Ventures, L.P.
Liquid 2 Ventures · adviser of record: Liquid 2 Ventures, LLC · 2015 vintage
Liquid 2 Ventures, L.P. is a 2015 venture fund managed by Liquid 2 Ventures, with $40mm raised (Form D target). It reported $101mm in gross assets at year-end 2025, 2.52x its size, against a peak of $193mm in 2022.
- Latest value held
- $101mm year-end 2025
- Peak
- $193mm year-end 2022
- Fund size
- $40mm Form D target
- Held vs. size
- 2.52x peak 4.82x
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 | $101mm | 2.52x | +5% |
| 2024 archived filing | $95.7mm | 2.39x | -1% |
| 2023 | $96.3mm | 2.41x | -50% |
| 2022 | $193mm | 4.82x | +539% |
| 2021 | $30.2mm | 0.75x | +0% |
| 2020 | $30.2mm | 0.75x | +143% |
| 2019 | $12.4mm | 0.31x | +0% |
| 2018 | $12.4mm | 0.31x | – |
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 Fund II, L.P. 2018
- 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 805-4738045639. Data updated October 13, 2026.
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