Permanent Capital Ventures Fund I, LP
Permanent Capital Ventures · adviser of record: Permanent Capital Ventures Management, LLC · 2023 vintage
Permanent Capital Ventures Fund I, LP is a 2023 venture fund managed by Permanent Capital Ventures, with $120mm raised (Form D, amount sold). It reported $152mm in gross assets at year-end 2025, 1.26x its size, its highest reported value.
- Latest value held
- $152mm year-end 2025
- Peak
- $152mm year-end 2025
- Fund size
- $120mm Form D, amount sold
- Held vs. size
- 1.26x peak 1.26x
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 | $152mm | 1.26x | +287% over 2 yrs |
| 2023 | $39.2mm | 0.33x | – |
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 805-8851473565. Data updated October 13, 2026.
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