THVC (Tonal AA), LLC
THVC · adviser of record: THVC, LLC · 2023 vintage
THVC (Tonal AA), LLC is a 2023 venture fund managed by THVC, with $32mm raised (Form D, amount sold). It reported $34.4mm in gross assets at year-end 2025, 1.08x its size, against a peak of $36.5mm in 2023.
- Latest value held
- $34.4mm year-end 2025
- Peak
- $36.5mm year-end 2023
- Fund size
- $32mm Form D, amount sold
- Held vs. size
- 1.08x peak 1.14x
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 | $34.4mm | 1.08x | -6% over 2 yrs |
| 2023 | $36.5mm | 1.14x | – |
Other funds from THVC
- THVC (Verana Bridge), LLC 2023
- THVC (Cionic), LLC 2023
- THVC (Resper), LLC 2023
- THVC (All Bridge), LLC 2023
- THVC (Tonal F), LLC 2022
- THVC (IC), LLC 2022
- THVC (Zoe C), LLC 2022
- THVC (Verana), LLC 2021
- THVC (Infinitus), LLC 2021
- THVC (Twin), LLC 2021
- THVC (Virta E), LLC 2021
- THVC (Wildtype), LLC 2021
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 805-6368874821. Data updated October 13, 2026.
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