25madison
SelectiveFiled to raiseNew York, NYEnterprise softwareLast fund filed 2026
0 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Madison Square Structured Debt Fund IIFiled to raise in 2026, with no closing reported yet. | 2026 | Indefinite | $0 | 0 |
| Madison Square Value Enhancement Fund II | March 2025 | Indefinite | $219M | 2 |
| 25Madison Propel FundFiled to raise in 2025, with no closing reported yet. | 2025 | $200M | $0 | 0 |
| 25M Health Ventures Fund I | July 2023 | $35M | $18M | 14 |
| 25MADISON VENTURES FUND I | February 2022 | $80M | $34M | 44 |
| Madison-RTL Clifton Heights PA | 2020 | $125,000 | $123,000 | 123 |
| Madison Square Structured Debt Fund | July 2019 | Indefinite | $495M | 2 |
| Madison Square Value Enhancement Fund | June 2018 | Indefinite | $302M | 2 |
| West Madison Entertainment Film Fund | November 2015 | $25M | $4M | 31 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
6 partners are named across this firm’s filings, 0 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Grant SilowNot on the current fund | Slowing | Enterprise software | 2 | 1 |
| Steven PriceNot on the current fund | Slowing | None listed | 10 | 1 |
| Fannie ChenNot on the current fund | Quiet | None listed | 0 | 0 |
| Justine LeeNot on the current fund | Quiet | None listed | 3 | 0 |
| Matthew Fremont-SmithNot on the current fund | Quiet | None listed | 2 | 0 |
| Merrill AnovickNot on the current fund | Quiet | None listed | 0 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Too few companies classified yet to infer a focus. 1 of 12 portfolio companies are classified.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of 25madison’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| Firm | Shared boards | Companies |
|---|---|---|
| Gutter Capital | 1 | Rebuild Technology |
A shared board seat: a company where filings name a 25madison partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.