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Night Sky Ventures I, L.P.

Venture Capital FundFund ID 805-7705950339Cayman Islands
Gross assets
$138.7M
Min. investment
$1M
Beneficial owners
15
Size rank
Top 38%
Audited
Yes
Structure
Master

About this fund

Night Sky Ventures I, L.P. is a venture capital fund managed by Ares Management LLC. The fund reports $138.7 million in gross assets, placing it among the top 38% of private funds by size. The stated minimum investment is $1 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.

Fund details

Fund ID805-7705950339
Fund typeVenture Capital Fund
3(c)(1) exclusionYes
3(c)(7) exclusionYes
Master fundYes
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationNo
Annual auditYes
Prepared per GAAPNo
Sub-advisedNo
Sales limited to qualified investorsYes
% of assets independently valued100%

Other funds from this manager

FundTypeGross assets
Ares Senior Credit Master Fund III LPHedge$23.21B
Ares Senior Direct Lending Master Fund II Designated Activity CompanyHedge$12.92B
Ares Capital Europe VI (e) II Levered, L.P.Hedge$9.89B
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Frequently asked questions

How large is Night Sky Ventures I, L.P.?

Night Sky Ventures I, L.P. reports $138.7 million in gross assets, among the top 38% of private funds by size.

What is the minimum investment for Night Sky Ventures I, L.P.?

The stated minimum investment is $1 million.

Who manages Night Sky Ventures I, L.P.?

Night Sky Ventures I, L.P. is managed by Ares Management LLC.

Does Night Sky Ventures I, L.P. disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Manager

A
Los Angeles, CA

Service providers

Prime broker
None reported
Custodian
None reported
Auditor

Reported gross assets

$138.7M▲ 201%
Nov '25 — $46.1MDec '25 — $46.1MJan '26 — $46.1MFeb '26 — $46.1MMar '26 — $138.7MApr '26 — $138.7MMay '26 — $138.7MJun '26 — $138.7M
Nov '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 38%
Larger than 62% of 67,041 private funds
Gross assets vs Venture Capital FundsTop 18%
Larger than 82% of 5,217 venture capital funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum

Investor base

Adviser & related persons1%
Funds of funds%
Non-U.S. persons1%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.