Venture Reality Fund II, L.P.
VR Fund · adviser of record: VR Fund Management, L.L.C · 2020 vintage
Venture Reality Fund II, L.P. is a 2020 venture fund managed by VR Fund, with $50mm raised (Form D, amount sold). It reported $56.9mm in gross assets at year-end 2025, 1.14x its size, against a peak of $60.5mm in 2023.
- Latest value held
- $56.9mm year-end 2025
- Peak
- $60.5mm year-end 2023
- Fund size
- $50mm Form D, amount sold
- Held vs. size
- 1.14x peak 1.21x
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 | $56.9mm | 1.14x | -6% over 2 yrs |
| 2023 | $60.5mm | 1.21x | +156% over 2 yrs |
| 2021 | $23.6mm | 0.47x | +0% |
| 2020 | $23.6mm | 0.47x | – |
Other funds from VR Fund
- VR Fund, L.P. 2015
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 805-8227523858. Data updated October 13, 2026.
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