The Engine Fund II, L.P.

The Engine · adviser of record: FWH Management Company, LLC · 2020 vintage

The Engine Fund II, L.P. is a 2020 venture fund managed by The Engine, with $250mm raised (Form D, amount sold). It reported $294mm in gross assets at year-end 2025, 1.18x its size, against a peak of $303mm in 2022.

Latest value held

$294mm year-end 2025

Peak

$303mm year-end 2022

Fund size

$250mm Form D, amount sold

Held vs. size

1.18x peak 1.21x

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

What public pensions report

Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.

Other funds from The Engine

• The Engine Fund I SPV-D, LLC 2023
• The Engine Fund III, L.P. 2022
• The Engine Follow-On Fund I, L.P. 2021
• The Engine Fund I SPV-C, LLC 2021
• The Engine Fund I SPV-B, LLC 2021
• The Engine Fund I SPV-A, LLC 2020
• The Engine Accelerator Fund I, L.P. 2016

All The Engine funds

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 805-5600082225. Data updated October 13, 2026.