USV 2022, LP
Union Square Ventures · adviser of record: Union Square Ventures, LLC · 2022 vintage
USV 2022, LP is a 2022 venture fund managed by Union Square Ventures, with $275mm raised (Form D, amount sold). It reported $261mm in gross assets at year-end 2025, 0.95x its size, against a peak of $268mm in 2023.
- Latest value held
- $261mm year-end 2025
- Peak
- $268mm year-end 2023
- Fund size
- $275mm Form D, amount sold
- Held vs. size
- 0.95x peak 0.97x
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 | $261mm | 0.95x | -3% over 2 yrs |
| 2023 | $268mm | 0.97x | +7% |
| 2022 | $250mm | 0.91x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Oregon PERS | 2025-12-31 | $15mm | 0.00x | 1.03x | 1.03x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Union Square Ventures
- USV Opportunity 2022, LP 2022
- USV Climate 2022, LP 2022
- USV Bundled 2022, LP 2022
- USV Bundled Investors 2022, LP 2022
- USV 2021, LP 2020
- USV Climate 2021, LP 2020
- USV Bundled 2021, LP 2020
- USV Climate Investors 2021, LP 2020
- USV Investors 2021, LP 2020
- USV 2019, LP 2018
- USV Opportunity 2019, LP 2018
- USV Investors 2019, LP 2018
All Union Square Ventures 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 805-3454092788. Data updated October 13, 2026.
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