Reach II, L.P.
Reach Capital · adviser of record: Reach Management, LLC · 2017 vintage
Reach II, L.P. is a 2017 venture fund managed by Reach Capital, with $75mm raised (Form D, amount sold). It reported $91.5mm in gross assets at year-end 2025, 1.22x its size, against a peak of $358mm in 2021.
- Latest value held
- $91.5mm year-end 2025
- Peak
- $358mm year-end 2021
- Fund size
- $75mm Form D, amount sold
- Held vs. size
- 1.22x peak 4.78x
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 | $91.5mm | 1.22x | -45% over 2 yrs |
| 2023 | $168mm | 2.23x | -7% |
| 2022 | $180mm | 2.40x | -50% |
| 2021 | $358mm | 4.78x | +235% |
| 2020 | $107mm | 1.43x | +28% |
| 2019 | $83.9mm | 1.12x | +4% |
| 2018 | $80.7mm | 1.08x | +51% |
| 2017 | $53.3mm | 0.71x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $7.5mm | 1.14x | 2.10x | 0.96x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Reach Capital
- Reach Founders' Fund, L.P. 2023
- Reach IV, L.P. 2022
- Reach Opportunity I, LP 2021
- Reach OS SPV I, LP 2021
- Reach III, L.P. 2020
- Reach II Love SPV, L.P. 2019
- Reach, L.P. 2015
- Newschools Seed, L.P. 2015
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 805-7797999469. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.