True Beauty Ventures II, LP
True Beauty Capital · adviser of record: True Beauty Capital LLC · 2022 vintage
True Beauty Ventures II, LP is a 2022 venture fund managed by True Beauty Capital, with $308mm raised (Form D, amount sold). It reported $75mm in gross assets at year-end 2025, 0.24x its size, its highest reported value.
- Latest value held
- $75mm year-end 2025
- Peak
- $75mm year-end 2025
- Fund size
- $308mm Form D, amount sold
- Held vs. size
- 0.24x peak 0.24x
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 | $75mm | 0.24x | +9% over 2 yrs |
| 2023 | $69.1mm | 0.22x | +124% |
| 2022 | $30.8mm | 0.10x | – |
Other funds from True Beauty Capital
- TBV MJ LLC 2021
- True Beauty Ventures LP 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 805-4402177344. Data updated October 13, 2026.
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