Panoramic Trella Acquisition I-QP, LP
Bip Capital · adviser of record: Bip Capital, LLC · 2021 vintage
Panoramic Trella Acquisition I-QP, LP is a 2021 venture fund managed by Bip Capital, with $21.7mm raised (Form D, amount sold). It reported $23.8mm in gross assets at year-end 2025, 1.10x its size, its highest reported value.
- Latest value held
- $23.8mm year-end 2025
- Peak
- $23.8mm year-end 2025
- Fund size
- $21.7mm Form D, amount sold
- Held vs. size
- 1.10x peak 1.10x
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 | $23.8mm | 1.10x | +5% over 2 yrs |
| 2023 | $22.7mm | 1.05x | +6% |
| 2022 | $21.4mm | 0.99x | +12% |
| 2021 | $19mm | 0.88x | – |
Other funds from Bip Capital
- Bip Ventures 2080 Media Equity XII-AI, LLC 2023
- Bip Ventures 2080 Media Equity XII-QP, LLC 2023
- Panoramic 2080 Media Equity XI-QP, LLC 2023
- Panoramic 2080 Media Equity XI-AI, LLC 2023
- Panoramic Shiftmed Equity II-QP, LLC 2022
- Panoramic Connexpay Equity II-QP, LLC 2022
- Panoramic Annex Fund 4B, LP 2022
- Bip Capital 2080 Media Equity X, LLC 2022
- Panoramic Shiftmed Equity II-AI, LLC 2022
- Panoramic Shiftmed Equity I-QP, LLC 2022
- Panoramic Wellview Sentry Merger I LLC 2022
- Panoramic Connexpay Equity II-AI, LLC 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 805-9214983381. Data updated October 13, 2026.
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