Stage 2 Capital SPV Qpa, LP
Stage 2 Capital · adviser of record: Stage 2 Capital Advisors, LLC · 2021 vintage
Stage 2 Capital SPV Qpa, LP is a 2021 venture fund managed by Stage 2 Capital, with $685k raised (Form D, amount sold). It reported $1.6mm in gross assets at year-end 2025, 2.41x its size, its highest reported value.
- Latest value held
- $1.6mm year-end 2025
- Peak
- $1.6mm year-end 2025
- Fund size
- $685k Form D, amount sold
- Held vs. size
- 2.41x peak 2.41x
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 | $1.6mm | 2.41x | +0% over 2 yrs |
| 2023 | $1.6mm | 2.40x | – |
Other funds from Stage 2 Capital
- Stage 2 Capital SPV LR, LLC 2023
- Stage 2 Capital Fund III-A, L.P. 2022
- Stage 2 Capital Fund III L.P. 2022
- Stage 2 Capital SPV Growth Series LLC - Series Sia 2022
- Stage 2 Capital SPV Growth Series LLC - Series Order 2022
- Stage 2 Capital SPV Sia III, LP 2022
- Stage 2 Capital SPV Growth Series LLC - Series Negotiatus 2021
- Stage 2 Capital SPV Sia II, LP 2021
- Stage 2 Capital SPV MP, LP 2021
- Stage 2 Capital SPV SD, LP 2021
- Stage 2 Capital Fund II-A, L.P. 2020
- Stage 2 Capital Fund II, 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 805-9961623066. Data updated October 13, 2026.
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