Zeal Capital Partners Fund I, LP
Zeal Capital · adviser of record: Zeal Capital Management, LLC · 2020 vintage
Zeal Capital Partners Fund I, LP is a 2020 venture fund managed by Zeal Capital, with $75mm raised (Form D, amount sold). It reported $72.9mm in gross assets at year-end 2025, 0.97x its size, against a peak of $101mm in 2023.
- Latest value held
- $72.9mm year-end 2025
- Peak
- $101mm year-end 2023
- Fund size
- $75mm Form D, amount sold
- Held vs. size
- 0.97x peak 1.35x
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 | $72.9mm | 0.97x | -28% over 2 yrs |
| 2023 | $101mm | 1.35x | +42% |
| 2022 | $71.3mm | 0.95x | +36% |
| 2021 | $52.2mm | 0.70x | -16% |
| 2020 | $62mm | 0.83x | – |
Other funds from Zeal Capital
- Zeal Capital Partners Fund II, LP 2023
- Barclays Black Formation Investments Fund I, LP 2023
- Barclays Black Formation Investments Fund II, LP 2023
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 805-6727143613. Data updated October 13, 2026.
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