New Stack II, LP
New Stack · adviser of record: New Stack, LLC · 2020 vintage
New Stack II, LP is a 2020 venture fund managed by New Stack, with $41.3mm raised (Form D, amount sold). It reported $14.2mm in gross assets at year-end 2025, 0.34x its size, against a peak of $29mm in 2020.
- Latest value held
- $14.2mm year-end 2025
- Peak
- $29mm year-end 2020
- Fund size
- $41.3mm Form D, amount sold
- Held vs. size
- 0.34x peak 0.70x
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 | $14.2mm | 0.34x | +26% over 2 yrs |
| 2023 | $11.3mm | 0.27x | +0% |
| 2022 | $11.3mm | 0.27x | +0% |
| 2021 | $11.3mm | 0.27x | -61% |
| 2020 | $29mm | 0.70x | – |
Other funds from New Stack
- New Stack II Q, LP 2022
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 805-5417904607. Data updated October 13, 2026.
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