PV Expansion Fund I, L.P.
Orbital Ventures · adviser of record: Orbital Ventures Management, LLC · 2015 vintage
PV Expansion Fund I, L.P. is a 2015 venture fund managed by Orbital Ventures, with $17mm raised (Form D, amount sold). It reported $11.4mm in gross assets at year-end 2025, 0.67x its size, against a peak of $22.5mm in 2021.
- Latest value held
- $11.4mm year-end 2025
- Peak
- $22.5mm year-end 2021
- Fund size
- $17mm Form D, amount sold
- Held vs. size
- 0.67x peak 1.32x
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 | $11.4mm | 0.67x | +30% over 2 yrs |
| 2023 | $8.8mm | 0.52x | -28% |
| 2022 | $12.2mm | 0.72x | -46% |
| 2021 | $22.5mm | 1.32x | +16% |
| 2020 | $19.4mm | 1.14x | +3% |
| 2019 | $18.8mm | 1.11x | +2% |
| 2018 | $18.4mm | 1.08x | -2% |
| 2017 | $18.8mm | 1.10x | -5% |
| 2016 | $19.8mm | 1.17x | +76% |
| 2015 | $11.3mm | 0.67x | – |
Other funds from Orbital Ventures
- PV Rocket Lab I, LLC 2019
- PVM Halter, LLC 2019
- Promus Ventures I, L.P. 2012
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 805-7607758715. Data updated October 13, 2026.
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