Prelude Growth Partners II, L.P.
Prelude Growth Partners · adviser of record: Prelude Growth Partners Management Company, LLC · 2020 vintage
Prelude Growth Partners II, L.P. is a 2020 venture fund managed by Prelude Growth Partners, with $250mm raised (Form D, amount sold). It reported $287mm in gross assets at year-end 2025, 1.15x its size, against a peak of $307mm in 2023.
- Latest value held
- $287mm year-end 2025
- Peak
- $307mm year-end 2023
- Fund size
- $250mm Form D, amount sold
- Held vs. size
- 1.15x peak 1.23x
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 | $287mm | 1.15x | -6% over 2 yrs |
| 2023 | $307mm | 1.23x | +14% |
| 2022 | $269mm | 1.07x | +3% |
| 2021 | $262mm | 1.05x | +5% |
| 2020 | $250mm | 1.00x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $15mm | 0.47x | 2.29x | 1.82x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Prelude Growth Partners
All Prelude Growth Partners funds
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 805-6484087262. Data updated October 13, 2026.
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