Seabright SFO2, L.P.
Azure91 · adviser of record: AZURE91 Management, LLC · 2022 vintage
Seabright SFO2, L.P. is a 2022 venture fund managed by Azure91, with $60mm raised (Form D, amount sold). It reported $13.2mm in gross assets at year-end 2025, 0.22x its size, its highest reported value.
- Latest value held
- $13.2mm year-end 2025
- Peak
- $13.2mm year-end 2025
- Fund size
- $60mm Form D, amount sold
- Held vs. size
- 0.22x peak 0.22x
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 | 0.22x | +8% over 2 yrs |
| 2023 | $12.3mm | 0.20x | -2% |
| 2022 | $12.5mm | 0.21x | – |
Other funds from Azure91
- Seabright IV, L.P 2020
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 805-3822533419. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.