Smith Point Capital Fund I, L.P.
Smith Point Capital · adviser of record: Smith Point Capital, LLC · 2023 vintage
Smith Point Capital Fund I, L.P. is a 2023 venture fund managed by Smith Point Capital, with $300mm raised (Form D target). It reported $457mm in gross assets at year-end 2025, 1.52x its size, its highest reported value.
- Latest value held
- $457mm year-end 2025
- Peak
- $457mm year-end 2025
- Fund size
- $300mm Form D target
- Held vs. size
- 1.52x peak 1.52x
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 | $457mm | 1.52x | +140% over 2 yrs |
| 2023 | $190mm | 0.63x | – |
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 805-3649931398. Data updated October 13, 2026.
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