Mac Venture Capital II, LP
MaC Venture Capital · adviser of record: Mac Venture Capital Management LLC · 2022 vintage
Mac Venture Capital II, LP is a 2022 venture fund managed by MaC Venture Capital, with $204mm raised (Form D, amount sold). It reported $167mm in gross assets at year-end 2025, 0.82x its size, against a peak of $189mm in 2023.
- Latest value held
- $167mm year-end 2025
- Peak
- $189mm year-end 2023
- Fund size
- $204mm Form D, amount sold
- Held vs. size
- 0.82x peak 0.93x
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 | $167mm | 0.82x | -12% over 2 yrs |
| 2023 | $189mm | 0.93x | +100% |
| 2022 | $94.2mm | 0.46x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $14.5mm | 0.00x | 0.83x | 0.83x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from MaC Venture Capital
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 805-8204788075. Data updated October 13, 2026.
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