Supply Change Capital Fund I LP
Supply Change Capital · adviser of record: Supply Change Capital Management LLC · 2020 vintage
Supply Change Capital Fund I LP is a 2020 venture fund managed by Supply Change Capital, with $36.8mm raised (Form D, amount sold). It reported $32.1mm in gross assets at year-end 2025, 0.87x its size, against a peak of $39.6mm in 2023.
- Latest value held
- $32.1mm year-end 2025
- Peak
- $39.6mm year-end 2023
- Fund size
- $36.8mm Form D, amount sold
- Held vs. size
- 0.87x peak 1.08x
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 | $32.1mm | 0.87x | -19% over 2 yrs |
| 2023 | $39.6mm | 1.08x | +26% |
| 2022 | $31.5mm | 0.86x | +223% |
| 2021 | $9.8mm | 0.27x | +367% |
| 2020 | $2.1mm | 0.06x | – |
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 805-7457724104. Data updated October 13, 2026.
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