Refinery Ventures Fund I, LP
Refinery · adviser of record: Refinery Management LLC · 2017 vintage
Refinery Ventures Fund I, LP is a 2017 venture fund managed by Refinery, with $10.7mm raised (Form D, amount sold). It reported $13.2mm in gross assets at year-end 2025, 1.23x its size, against a peak of $52mm in 2021.
- Latest value held
- $13.2mm year-end 2025
- Peak
- $52mm year-end 2021
- Fund size
- $10.7mm Form D, amount sold
- Held vs. size
- 1.23x peak 4.85x
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 | $13.2mm | 1.23x | -74% over 2 yrs |
| 2023 | $51.8mm | 4.82x | +0% |
| 2022 | $51.8mm | 4.82x | -0% |
| 2021 | $52mm | 4.85x | +126% |
| 2020 | $23mm | 2.14x | – |
Other funds from Refinery
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 805-3879477995. Data updated October 13, 2026.
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