Thirdbase Pipe SB II, LLC
Thirdbase Capital · adviser of record: Thirdbase Capital GP, LLC · 2021 vintage
Thirdbase Pipe SB II, LLC is a 2021 venture fund managed by Thirdbase Capital, with $9.3mm raised (Form D, amount sold). It reported $9.3mm in gross assets at year-end 2025, 1.00x its size, against a peak of $9.3mm in 2021.
- Latest value held
- $9.3mm year-end 2025
- Peak
- $9.3mm year-end 2021
- Fund size
- $9.3mm Form D, amount sold
- Held vs. size
- 1.00x peak 1.00x
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 | $9.3mm | 1.00x | +33% over 2 yrs |
| 2023 | $7mm | 0.75x | -25% |
| 2022 | $9.3mm | 1.00x | +0% |
| 2021 | $9.3mm | 1.00x | – |
Other funds from Thirdbase Capital
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 805-4850241179. Data updated October 13, 2026.
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