Sandbox Advantage Fund, L.P.
Sandbox Industries · adviser of record: Sandbox Investment Management, LLC · 2011 vintage
Sandbox Advantage Fund, L.P. is a 2011 venture fund managed by Sandbox Industries, with $20mm raised (Form D, amount sold). It reported $12mm in gross assets at year-end 2025, 0.60x its size, against a peak of $45.3mm in 2021.
- Latest value held
- $12mm year-end 2025
- Peak
- $45.3mm year-end 2021
- Fund size
- $20mm Form D, amount sold
- Held vs. size
- 0.60x peak 2.27x
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 | $12mm | 0.60x | +21% over 2 yrs |
| 2023 | $9.9mm | 0.50x | -50% |
| 2022 | $19.7mm | 0.99x | -56% |
| 2021 | $45.3mm | 2.27x | +22% |
| 2020 | $37mm | 1.85x | -3% |
| 2019 | $38.1mm | 1.91x | +22% |
| 2018 | $31.4mm | 1.57x | -16% |
| 2017 | $37.2mm | 1.86x | +3% |
| 2016 | $36.2mm | 1.81x | +99% |
| 2015 | $18.2mm | 0.91x | -44% |
| 2014 | $32.5mm | 1.62x | +0% |
| 2013 | $32.5mm | 1.62x | +8% |
| 2012 | $30mm | 1.50x | +0% |
| 2011 | $30mm | 1.50x | – |
Other funds from Sandbox Industries
- Bluecross Blueshield Venture Partners III, LLC 2015
- Healthbox Europe I, L.P. 2012
- Bluecross Blueshield Venture Partners II, L.P. 2011
- Bluecross Blueshield Venture Partners, L.P. 2011
- Sandbox CO-Investment Fund I, L.P. 2011
- Sandbox Ventures, L.P. 2011
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 805-1115947676. Data updated October 13, 2026.
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