Novawave Fund I, LP
Novawave Capital · adviser of record: Novawave Capital LLC · 2023 vintage
Novawave Fund I, LP is a 2023 venture fund managed by Novawave Capital, with $80mm raised (Form D, amount sold). It reported $80mm in gross assets at year-end 2025, 1.00x its size, against a peak of $80mm in 2023.
- Latest value held
- $80mm year-end 2025
- Peak
- $80mm year-end 2023
- Fund size
- $80mm Form D, amount sold
- Held vs. size
- 1.00x peak 1.00x
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 | $80mm | 1.00x | +0% over 2 yrs |
| 2023 | $80mm | 1.00x | – |
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 805-2461514250. Data updated October 13, 2026.
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