XRC Fund V, LLC
Piper Ventures · adviser of record: Piper Ventures LLC · 2020 vintage
XRC Fund V, LLC is a 2020 venture fund managed by Piper Ventures. It reported $2mm in gross assets at year-end 2025, against a peak of $4.3mm in 2023.
- Latest value held
- $2mm year-end 2025
- Peak
- $4.3mm year-end 2023
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $2mm | – | -53% over 2 yrs |
| 2023 | $4.3mm | – | +207% |
| 2022 | $1.4mm | – | +0% |
| 2021 | $1.4mm | – | +4% |
| 2020 | $1.3mm | – | – |
Other funds from Piper Ventures
- XRC Fund VII, LLC 2020
- XRC Fund III, LLC 2020
- XRC Fund VI, LLC 2020
- XRC Fund II, LLC 2020
- XRC Fund IV, LLC 2020
- XRC Fund, LLC 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 805-7640489072. Data updated October 13, 2026.
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