Unbundled Capital DL LLC
Unbundled Capital · adviser of record: Unbundled Capital LLC · 2019 vintage
Unbundled Capital DL LLC is a 2019 venture fund managed by Unbundled Capital, with $7.6mm raised (Form D, amount sold). It reported $7.1mm in gross assets at year-end 2025, 0.94x its size, against a peak of $12.9mm in 2022.
- Latest value held
- $7.1mm year-end 2025
- Peak
- $12.9mm year-end 2022
- Fund size
- $7.6mm Form D, amount sold
- Held vs. size
- 0.94x peak 1.70x
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 | $7.1mm | 0.94x | +0% over 2 yrs |
| 2023 | $7.1mm | 0.94x | -45% |
| 2022 | $12.9mm | 1.70x | +77% |
| 2021 | $7.3mm | 0.96x | +0% |
| 2020 | $7.3mm | 0.96x | -3% |
| 2019 | $7.5mm | 0.99x | – |
Other funds from Unbundled 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 805-1639185806. Data updated October 13, 2026.
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