Material Impact Fund II, L.P.
Material Impact · adviser of record: Material Impact Management, LLC · 2019 vintage
Material Impact Fund II, L.P. is a 2019 venture fund managed by Material Impact, with $195mm raised (Form D, amount sold). It reported $175mm in gross assets at year-end 2025, 0.89x its size, against a peak of $207mm in 2021.
- Latest value held
- $175mm year-end 2025
- Peak
- $207mm year-end 2021
- Fund size
- $195mm Form D, amount sold
- Held vs. size
- 0.89x peak 1.06x
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 | $175mm | 0.89x | -9% over 2 yrs |
| 2023 | $193mm | 0.99x | +0% |
| 2022 | $192mm | 0.99x | -7% |
| 2021 | $207mm | 1.06x | +3% |
| 2020 | $200mm | 1.03x | +109% |
| 2019 | $95.8mm | 0.49x | – |
Other funds from Material Impact
- Material Impact Fund III, L.P. 2021
- Material Impact Opportunity Fund I, L.P. 2021
- Material Impact Fund I, L.P. 2016
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 805-2151451479. Data updated October 13, 2026.
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