Variant Community Fund II, LP
Unofficial · adviser of record: Unofficial Management, Inc. · 2021 vintage
Variant Community Fund II, LP is a 2021 venture fund managed by Unofficial, with $10mm raised (Form D, amount sold). It reported $6.4mm in gross assets at year-end 2025, 0.64x its size, against a peak of $13.4mm in 2023.
- Latest value held
- $6.4mm year-end 2025
- Peak
- $13.4mm year-end 2023
- Fund size
- $10mm Form D, amount sold
- Held vs. size
- 0.64x peak 1.34x
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 | $6.4mm | 0.64x | -52% over 2 yrs |
| 2023 | $13.4mm | 1.34x | +30% |
| 2022 | $10.4mm | 1.04x | +1% |
| 2021 | $10.3mm | 1.03x | – |
Other funds from Unofficial
- Variant Opportunity Fund, L.P. 2021
- Variant Fund III, L.P. 2021
- Variant Fund II, LP 2021
- Variant CO Fund, L.P. 2021
- Variant Community Fund III, L.P. 2021
- Variant Fund, L.P. 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 805-9452146170. Data updated October 13, 2026.
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