Section 32 Fund 5, LP
Section 32 · adviser of record: Section 32, LLC · 2022 vintage
Section 32 Fund 5, LP is a 2022 venture fund managed by Section 32, with $481mm raised (Form D, amount sold). It reported $627mm in gross assets at year-end 2025, 1.30x its size, its highest reported value.
- Latest value held
- $627mm year-end 2025
- Peak
- $627mm year-end 2025
- Fund size
- $481mm Form D, amount sold
- Held vs. size
- 1.30x peak 1.30x
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 | $627mm | 1.30x | +24% over 2 yrs |
| 2023 | $506mm | 1.05x | +15% |
| 2022 | $441mm | 0.92x | – |
Other funds from Section 32
- Section 32 Fund 4, LP 2021
- Section 32 Fund 3, LP 2020
- Section 32 Fund 2, LP 2017
- Section 32 Fund 1, LP 2016
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 805-1401758044. Data updated October 13, 2026.
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