True Ventures V, L.P.
True Ventures · adviser of record: True Venture Management, L.L.C. · 2015 vintage
True Ventures V, L.P. is a 2015 venture fund managed by True Ventures, with $295mm raised (Form D, amount sold). It reported $198mm in gross assets at year-end 2025, 0.67x its size, against a peak of $376mm in 2021.
- Latest value held
- $198mm year-end 2025
- Peak
- $376mm year-end 2021
- Fund size
- $295mm Form D, amount sold
- Held vs. size
- 0.67x peak 1.27x
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 | $198mm | 0.67x | -35% over 2 yrs |
| 2023 | $305mm | 1.03x | -17% |
| 2022 | $369mm | 1.25x | -2% |
| 2021 | $376mm | 1.27x | +28% |
| 2020 | $295mm | 1.00x | +7% |
| 2019 | $274mm | 0.93x | -6% |
| 2018 | $291mm | 0.99x | +1% |
| 2017 | $289mm | 0.98x | -2% |
| 2016 | $296mm | 1.00x | +4% |
| 2015 | $286mm | 0.97x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Adams Street Venture & Growth Fund | 2026-06-30 | $5mm | 1.73x |
| ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC | 2026-06-30 | $743k | 1.73x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from True Ventures
- True Ventures VIII, L.P. 2022
- True Ventures VII, L.P. 2020
- True Ventures Select IV, L.P. 2020
- True Ventures VI, L.P. 2018
- True Ventures Select III, L.P. 2018
- True Ventures Select II, L.P. 2016
- True Ventures Select I, L.P. 2015
- True Ventures IV, L.P. 2014
- True Ventures SPV I, L.P. 2014
- True Ventures III, L.P. 2011
- True Ventures II, L.P. 2011
- True Ventures I, L.P. 2011
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 805-2966500030. Data updated October 13, 2026.
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