Promus Ventures II, L.P.
Trove · adviser of record: Trove Management, LLC · 2015 vintage
Promus Ventures II, L.P. is a 2015 venture fund managed by Trove, with $14.7mm raised (Form D, amount sold). It reported $34.1mm in gross assets at year-end 2023, 2.32x its size, against a peak of $45.3mm in 2022.
- Latest value held
- $34.1mm year-end 2023
- Peak
- $45.3mm year-end 2022
- Fund size
- $14.7mm Form D, amount sold
- Held vs. size
- 2.32x peak 3.08x
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 |
|---|---|---|---|
| 2023 | $34.1mm | 2.32x | -25% |
| 2022 | $45.3mm | 3.08x | +6% |
| 2021 | $42.8mm | 2.91x | +30% |
| 2020 | $32.9mm | 2.23x | +11% |
| 2019 | $29.7mm | 2.02x | +12% |
| 2018 | $26.5mm | 1.80x | +70% |
| 2017 | $15.6mm | 1.06x | +9% |
| 2016 | $14.3mm | 0.97x | – |
Other funds from Trove
- PV Whoop, LLC 2020
- Promus Ventures III, LP 2018
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 805-5170064059. Data updated October 13, 2026.
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