Trust Ventures Fund II, LP
Trust Ventures Capital · adviser of record: Trust Ventures Capital, LLC · 2019 vintage
Trust Ventures Fund II, LP is a 2019 venture fund managed by Trust Ventures Capital, with $132mm raised (Form D, amount sold). It reported $122mm in gross assets at year-end 2025, 0.93x its size, against a peak of $133mm in 2021.
- Latest value held
- $122mm year-end 2025
- Peak
- $133mm year-end 2021
- Fund size
- $132mm Form D, amount sold
- Held vs. size
- 0.93x peak 1.01x
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 | $122mm | 0.93x | +11% over 2 yrs |
| 2023 | $110mm | 0.84x | -5% |
| 2022 | $116mm | 0.88x | -13% |
| 2021 | $133mm | 1.01x | +64% |
| 2020 | $81mm | 0.61x | +5% |
| 2019 | $77.3mm | 0.59x | – |
Other funds from Trust Ventures Capital
- TV Antora SPV II, LP 2023
- TV Sana SPV III, LP 2022
- TV Be Meati SPV, LP 2022
- TV Icon SPV III, LP 2022
- TV Rxdefine SPV II, LP 2022
- TV Antora SPV, LP 2022
- TV Veryable SPV I, LP 2021
- TV Icon SPV II, LP 2021
- TV Sana SPV II, LP 2021
- TV Rxdefine SPV I, LP 2021
- TV Sana SPV I, LP 2020
- TV Icon SPV I, LP 2019
All Trust Ventures Capital 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 805-5713826723. Data updated October 13, 2026.
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