# EDGAR Filing Document

**Accession Number:** 0001867090
**File Stem:** 0001867090-26-000014
**Filing Date:** 2026-3
**Character Count:** 62137
**Document Hash:** 6fc58bed516e34f3ddb93386e6212df3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001867090-26-000014.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001867090-26-000014

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fundrise Innovation Fund, LLC
- **CENTRAL INDEX KEY:** 0001867090

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23708
- **FILM NUMBER:** 26708753

**BUSINESS ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 202-584-0550

**MAIL ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fundrise Growth Tech Fund, LLC
- **DATE OF NAME CHANGE:** 20220218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fundrise Growth Tech Interval Fund, LLC
- **DATE OF NAME CHANGE:** 20210611

## Nport-Ex

Fundrise

Growth

Tech

Fund,

LLC

TOP

TEN

HOLDINGS

(UNAUDITED)

December

31,

2025

TOP

TEN

HOLDINGS

The

following

table

shows

the

Fund's

ten

largest

investments

by

issuer,

excluding

short-term

holdings,

including

each

investment's

fair

value

and

its

percentage

of

the

Fund's

total

net

assets.

Description

Value

as

of

December

31,

2025

%

of

Net

Assets

Databricks,

Inc.

$

95,825

21.9%

OpenAI

Group

PBC

53,506

12.2%

Anthropic,

PBC

50,275

11.5%

Ramp

Business

Corp.

27,741

6.3%

Epic

Games,

Inc.

19,180

4.4%

Flock

Group,

Inc.

16,239

3.7%

dbt

Labs,

Inc.

15,000

3.4%

Anduril

Industries,

Inc.

SPV

12,793

2.9%

ServiceTitan,

Inc.

12,694

2.9%

SWITCH

Data

Centers

-

SWCH

2025-DATA

E

12,451

2.9%

Total

Top

Ten

$

315,704

72.1%

Fundrise

Growth

Tech

Fund,

LLC

Schedule

of

Investments

(UNAUDITED)

December

31,

2025

See

accompanying

notes

to

schedule

of

investments.

(Amounts

in

thousands)

Description

Par/Shares

Security

Type

Value

as

of

December

31,

2025

%

of

Net

Assets

Technology

Private

Equity

Portfolio

Companies

Artificial

Intelligence

Databricks,

Inc.

(2)(3)(4)(9)

Common

Stock

$

72,569

16.6%

OpenAI

Group

PBC

(1)(2)(3)(4)

N/A

Convertible

Rights

40,999

9.4%

Anthropic,

PBC

(1)(2)(3)(4)

Series

C

-

Preferred

Stock

30,675

7.0%

Databricks,

Inc.

(1)(2)(3)

Common

Stock

23,256

5.3%

Anthropic,

PBC

(1)(2)(3)(4)

Series

F

-

Convertible

Preferred

19,600

4.5%

Flock

Group,

Inc.

(1)(2)(3)

631

Class

B

-

Preferred

Stock

13,961

3.2%

Anduril

Industries,

Inc.

SPV

(1)(2)(3)(5)

N/A

Series

E

-

Preferred

Stock

12,793

2.9%

OpenAI

Group

PBC

(1)(2)(3)(4)

N/A

Partnership

Interest

12,507

2.9%

Space

Exploration

Technologies

Corp.

(1)(2)(3)(4)

Common

Stock

7,138

1.6%

Visual

Layer,

Inc.

(1)(2)(3)(6)

N/A

Simple

Agreement

for

Future

Equity

5,000

1.1%

AI-LLM,

LLC

(1)(2)(3)(7)

N/A

Common

Stock

3,105

0.7%

Handshake

(1)(2)(3)

Series

C

-

Preferred

Stock

2,814

0.7%

Anyscale,

Inc.

(1)(2)(3)

511

Common

Stock

2,494

0.6%

Intercom,

Inc.

(1)(2)(3)

Common

Stock

2,385

0.6%

Flock

Group,

Inc.

(1)(2)(3)

Class

C

-

Preferred

Stock

2,278

0.5%

Handshake

(1)(2)(3)

Series

D

-

Preferred

Stock

601

0.1%

Intercom,

Inc.

(1)(2)(3)

Series

A

-

Preferred

Stock

0.1%

Risotto

(1)(2)(3)

Series

Seed

-

Preferred

Stock

0.1%

Luminos,

Inc.

(1)(2)(3)

Series

Seed

-

Preferred

Stock

0.1%

Risotto

(1)(2)(3)(8)

Series

Seed

-

Preferred

Stock

0.0%

Luminos,

Inc.

(1)(2)(3)(8)

Series

Seed

-

Preferred

Stock

0.0%

Gumloop

(1)(2)(3)(8)

Series

-

Preferred

Stock

0.0%

Total

Artificial

Intelligence

(Cost

$

,

088)

$

,

58.0 %

Data

Infrastructure

dbt

Labs,

Inc.

(1)(2)(3)(10)

Series

D

-

Preferred

Stock

$

15,000

3.4%

Vanta,

Inc.

(1)(2)(3)

555

Series

-

Preferred

Stock

10,116

2.3%

Immuta,

Inc.

(1)(2)(3)

Common

Stock

1,021

0.2%

DittoLive,

Inc.

(1)(2)(3)

Series

B

-

Preferred

Stock

1,000

0.2%

Omni

Analytics,

Inc.

(1)(2)(3)

Series

-

Preferred

Stock

588

0.1%

Hightouch

(1)(2)(3)

Common

Stock

583

0.1%

Hightouch

(1)(2)(3)(8)

Series

C

-

Preferred

Stock

0.0%

Total

Data

Infrastructure

(Cost

$

,

889)

$

,

6.3 %

Financial

Technology

Ramp

Business

Corp.

(1)(2)(3)

Series

-

Preferred

Stock

$

13,365

3.1%

Ramp

Business

Corp.

(1)(2)(3)

Series

-

Preferred

Stock

12,000

2.8%

Ramp

Business

Corp.

(1)(2)(3)

Common

Stock

2,376

0.6%

Stripe,

Inc.

(1)(2)(3)

Common

Stock

0.1%

Total

Financial

Technology

(Cost

$16,253)

$

28,089

6.6%

Gaming/Entertainment

Epic

Games,

Inc.

(1)(2)(3)

Common

Stock

$

19,180

4.4%

Total

Gaming/Entertainment

(Cost

$19,180)

$

19,180

4.4%

Vertical/Horizontal

Software

Canva,

Inc.

(1)(2)(3)

Common

Stock

$

9,599

2.2%

Total

Vertical/Horizontal

Software

(Cost

$6,

220)

$

9,599

2.2%

Biotechnology

Loyal

Animal

Health,

Inc.

(1)(2)(3)

680

Series

C

-

Preferred

Stock

$

8,334

1.9%

Total

Biotechnology

(Cost

$8,33

4)

$

8,334

1.9%

Property

Technology

Inspectify,

Inc.

(1)(2)(3)(11)

1,295

Series

-

Preferred

Stock

$

5,000

1.1%

Rhino

Labs,

Inc.

(1)(2)(3)

Series

P

-

Preferred

Stock

1,023

0.2%

Inspectify,

Inc.

(1)(2)(3)(11)(12)

N/A

Simple

Agreement

for

Future

Equity

1,000

0.2%

Rhino

Labs,

Inc.

(1)(2)(3)

Series

D

-

Preferred

Stock

0.1%

Total

Property

Technology

(Cost

$7,391)

$

7,414

1.6%

Total

Technology

Private

Equity

Portfolio

Companies

(Cost

$220,355)

$

354,502

81.0%

Fundrise

Growth

Tech

Fund,

LLC

Schedule

of

Investments

(UNAUDITED)(Continued)

December

31,

2025

See

accompanying

notes

to

schedule

of

investments.

Description

Par/Shares

Security

Type

Value

as

of

December

31,

2025

%

of

Net

Assets

Technology

Venture

Fund

Theory

Ventures,

LP

(2)(3)(9)(13)

N/A

Portfolio

Fund

$

4,497

1.0%

Total

Technology

Venture

Fund

(Cost

$4,296)

$

4,497

1. 0

%

Technology

Public

Equity

Vertical/Horizontal

Software

ServiceTitan,

Inc.

(2) 119

Common

Stock

in

Public

Company

$

12,694

2.9%

Total

Technology

Public

Equity

(Cost

$7,748)

$

12,694

2.9%

Technology

Fixed

Income

SWITCH

Data

Centers

-

SWCH

2025-DATA

E,

7.09%

(3.34%

+

SOFR),

02/15/27

(14)(15)

$

12,500

Commercial

Mortgage-Backed

Security

$

12,451

2.9%

QTS

Data

Centers

-

BX

2025-VOLT

C,

6.10%

(2.35%

+

SOFR),

12/15/27

(14)(15)(16)

10,000

Commercial

Mortgage-Backed

Security

10,041

2.3%

QTS

Data

Centers

-

BX

2025-VLT6

E,

6.94%

(3.19%

+

SOFR),

03/15/27

(14)(15)

10,000

Commercial

Mortgage-Backed

Security

9,989

2.3%

Vantage

Data

Centers

-

VDCM

2025-AZ

D,

6.23%,

07/13/30

(14)(17)

9,000

Commercial

Mortgage-Backed

Security

9,193

2.1%

QTS

Data

Centers

-

BX

2025-VLT7

D,

7.00%

(3.25%

+

SOFR),

07/15/27

(14)(15)(16)

7,000

Commercial

Mortgage-Backed

Security

7,043

1.6%

QTS

Data

Centers

-

BX

2025-VLT7

E,

7.50%

(3.75%

+

SOFR),

07/15/27

(14)(15)(16)

7,000

Commercial

Mortgage-Backed

Security

7,007

1.6%

EdgeCore

Data

Centers

-

ECORE

2025-1A

B,

4.55%,

07/25/30

(14) 6,000

Commercial

Mortgage-Backed

Security

5,718

1.3%

QTS

Data

Centers

-

BX

2025-VLT6

D,

6.34%

(2.59%

+

SOFR),

03/15/27

(14)(15)

5,000

Commercial

Mortgage-Backed

Security

4,998

1.1%

Total

Technology

Fixed

Income

(Cost

$66,116)

$

66,440

15.2%

Short-Term

Investment

JP

Morgan

U.S.

Treasury

Plus

Money

Market

Fund,

Capital

Shares,

3.75%

(18) 26,584

Money

Market

Fund

$

26,584

6.1%

Total

Short-Term

Investment

(Cost

$26,584)

$

26,5

6.1%

Total

investments,

at

value

(Cost

$325,099)

$

464,

106.2%

Liabilities

in

excess

of

other

assets

(27,2

1)

(6.2)%

Total

Net

Assets

$

437,436

100.0%

LLC

Limited

Liability

Company

LP

Limited

Partnership

SOFR

Secured

Overnight

Financing

Rate

(1) Investments

classified

as

Level

within

the

three-tier

fair

value

hierarchy.

See

Note

2,

Summary

of

Significant

Accounting

Policies-

Fair

Value

Measurement

for

an

explanation

of

this

hierarchy,

as

well

as

a

list

of

significant

unobservable

inputs

used

in

the

valuation

of

these

instruments.

(2) Non-income

producing

investment.

(3) Restricted

security.

The

aggregate

value

of

restricted

securities

at

December

31,

2025

is

approximately

$358,999

(amount

in

thousands)

and

represents

approximately

82.0%

of

net

assets.

See

Note

2,

Summary

of

Significant

Accounting

Policies

for

additional

information.

(4) Shares

held

through

a

special

purpose

vehicle

of

which

the

named

investment

is

the

sole

investment.

If

applicable,

shares

listed

indicate

shares

of

underlying

investment.

(5) Shares

held

through

8VC

ANSE

SPV,

LP

of

which

Anduril

Industries,

Inc.

is

the

sole

investment.

(6) If

there

is

an

equity

financing,

this

Simple

Agreement

for

Future

Equity

("SAFE")

will

convert

into

preferred

shares

equal

to

the

Fund's

cost

of

investment

divided

by

conversion

price,

which

is

a

function

of

the

discount

price.

(7) AI-LLM,

LLC

holds

an

investment

in

a

leading

private

North

American-based

artificial

intelligence

and

large

language

model

provider

(leading

defined

as

top

in

capital

raised

as

of

the

reporting

date

among

North

American-based

companies

primarily

focused

on

building

and

serving

foundation

models).

(8) Value

is

less

than

0.05%

of

Total

Net

Assets.

(9) Investment

valued

using

net

asset

value

per

share

(or

its

equivalent)

as

a

practical

expedient.

See

Note

2,

Summary

of

Significant

Accounting

Policies

-

Fair

Value

Measurement

for

additional

information.

(10) As

of

December

31,

2025,

dbt

Labs,

Inc.

had

announced

a

proposed

merger

with

Fivetran

Inc.

that

had

not

yet

closed.

(11) Investment

in

an

affiliate.

See

Note

2,

Summary

of

Significant

Accounting

Policies

for

additional

information.

(12) If

there

is

an

equity

financing,

this

SAFE

will

convert

into

preferred

shares

equal

to

the

Fund's

cost

of

investment

divided

by

conversion

price

where

the

conversion

price

means

either:

(1) the

SAFE

price

or

(2) the

discount

price,

whichever

calculation

results

in

a

greater

number

of

shares

of

SAFE

preferred

stock.

(13) Limited

partnership

with

a

10-year

term.

Redemptions

are

not

permitted.

There

are

unfunded

commitments

of

$704

(amount

in

thousands)

as

of

December

31,

2025. Fundrise

Growth

Tech

Fund,

LLC

Schedule

of

Investments

(UNAUDITED)(Continued)

December

31,

2025

See

accompanying

notes

to

schedule

of

investments.

(14) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933. These

securities

may

be

resold

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

The

aggregate

value

of

these

securities

at

December

31,

2025

is

approximately

$66,440

(amount

in

thousands)

and

represents

approximately

15.2%

of

net

assets.

(15) This

investment

has

a

floating

interest

rate.

Coupon

rate,

reference

index

and

spread

shown

at

December

31,

2025. (16) All

or

a

portion

of

this

security

has

been

pledged

as

collateral

for

securities

sold

under

agreement

to

repurchase.

(17) This

investment

has

a

variable

interest

rate

which

adjusts

periodically

based

on

changes

in

current

interest

rates.

Coupon

rate

shown

at

December

31,

2025. (18) Rate

disclosed

is

representative

of

the

seven-day

effective

yield

as

of

December

31,

2025. (Amounts

in

thousands)

Reverse

Repurchase

Agreements

Counterparty

Settlement

Date

Maturity

Date

Interest

%

(Borrowing

Rate)

Principal

Payable

(Including

Accrued

Interest)

Barclays

Bank

PLC

12/19/25

01/30/26

4.68%

$

5,569

$

(5,578)

Barclays

Bank

PLC

12/19/25

01/30/26

4.73%

5,040

(5,049)

Barclays

Bank

PLC

12/19/25

01/30/26

4.83%

4,725

(4,733)

Total

$

15,334

$

(15,360)

Fundrise

Growth

Tech

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)

December

31,

2025

1. Formation

and

Organization

Fundrise

Growth

Tech

Fund,

LLC

(the

"Fund"

or

the

"Registrant")

is

a

Delaware

limited

liability

company.

The

Fund

intends

to

elect

and

intends

to

qualify

to

be

taxed

as

a

regulated

investment

company

("RIC")

under

the

Internal

Revenue

Code

of

1986,

as

amended

(the

"Code"),

for

its

taxable

year

ending

March

31,

2026. During

prior

taxable

years,

the

Fund

was

taxed

as

a

C

corporation

for

U.S.

federal

income

tax

purposes.

The

Fund

is

organized

as

a

continuously

offered,

non-diversified,

closed-end

management

investment

company

registered

under

the

Investment

Company

Act

of

1940,

as

amended

(the

"1940

Act").

The

Fund's

registration

statement

was

declared

effective

on

May

11,

2022. The

Fund

commenced

investment

operations

on

July

25,

2022. The

Fund's

investment

objective

is

to

provide

total

return

primarily

through

long-term

capital

appreciation.

The

Fund

seeks

to

achieve

its

investment

objective

by

investing

in

private

and

public

technology

companies,

directly

or

indirectly,

with

a

primary

focus

on

the

equity

securities

(e.g.,

common

stock,

preferred

stock,

and

convertible

debt)

of

certain

privately

held,

mid-to-late

stage,

growth

companies

("Portfolio

Companies"),

or

other

investments

(including

derivatives,

exchange-traded

funds

and

other

pooled

investment

vehicles)

that

have

economic

characteristics

similar

to

investments

in

technology

companies.

Under

normal

circumstances,

the

Fund's

investment

strategy

is

to

invest

at

least

80%

of

its

net

assets

(plus

the

amount

of

any

borrowings

for

investment

purposes)

in

the

securities

of

technology

and

technology-related

companies

(referred

to

herein

as

"technology

companies")

and

other

investments

(including

derivatives)

that

have

economic

characteristics

similar

to

investments

in

technology

companies.

The

investment

adviser

to

the

Fund

is

Fundrise

Advisors,

LLC

(the

"Adviser"),

an

investment

adviser

registered

with

the

U.S.

Securities

and

Exchange

Commission

("SEC")

under

the

Investment

Advisers

Act

of

1940,

as

amended.

The

Adviser

is

a

wholly-

owned

subsidiary

of

Rise

Companies

Corp.

("Rise

Companies"

or

the

"Sponsor"),

the

Fund's

sponsor.

Subject

to

the

supervision

of

the

Board

of

Directors

of

the

Fund

(the

"Board"),

the

Adviser

is

responsible

for

directing

the

management

of

the

Fund's

business

and

affairs,

managing

the

Fund's

day-to-day

affairs,

and

implementing

the

Fund's

investment

strategy.

2. Summary

of

Significant

Accounting

Policies

Valuation

Oversight

Pursuant

to

SEC

Rule

2a-5

under

the

1940

Act,

the

Board

has

approved

the

Adviser

as

the

Fund's

Valuation

Designee

("Valuation

Designee"),

to

provide

administration

and

oversight

of

the

Fund's

valuation

policies

and

procedures.

The

Fund

values

its

investments

in

accordance

with

such

procedures.

Generally,

portfolio

securities

and

other

assets

for

which

market

quotations

are

readily

available

are

valued

at

market

value,

which

is

ordinarily

determined

on

the

basis

of

official

closing

prices

or

the

last

reported

sales

prices.

If

market

quotations

are

not

readily

available

or

are

deemed

unreliable,

the

Fund

will

use

the

fair

value

of

the

securities

or

other

assets

as

determined

by

the

Adviser

in

good

faith,

taking

into

consideration

all

available

information

and

other

factors

that

the

Adviser

deems

pertinent,

in

each

case

subject

to

the

overall

supervision

and

responsibility

of

the

Board.

In

calculating

the

Fund's

net

asset

value

("NAV"),

the

Adviser,

subject

to

the

oversight

of

the

Board,

uses

various

valuation

methodologies.

To

the

extent

practicable,

the

Adviser

generally

endeavors

to

maximize

the

use

of

observable

inputs

and

minimize

the

use

of

unobservable

inputs

by

requiring

that

the

most

observable

inputs

are

to

be

used

when

available.

The

availability

of

valuation

techniques

and

observable

inputs

can

vary

from

investment

to

investment

and

are

affected

by

a

wide

variety

of

factors.

When

valuation

is

based

on

models

or

inputs

that

are

less

observable

or

unobservable

in

the

market,

the

determination

of

fair

value

requires

more

judgment,

and

may

involve

alternative

methods

to

obtain

fair

values

where

market

prices

or

market-based

valuations

are

not

readily

available.

As

a

result,

the

Adviser

may

exercise

a

higher

degree

of

judgment

in

determining

fair

value

for

certain

securities

or

other

assets.

Fair

Value

Measurement

The

following

is

a

current

summary

of

certain

methods

generally

used

to

value

investments

of

the

Fund

under

the

Fund's

valuation

procedures:

The

Fund

applies

Financial

Accounting

Standards

Board

("FASB")

Accounting

Standards

Codification

("ASC")

Topic

820,

Fair

Value

Measurement,

as

amended,

which

establishes

a

framework

for

measuring

fair

value

in

accordance

with

accounting

principles

generally

accepted

in

the

United

Sates

("U.S.

GAAP")

and

required

disclosures

of

fair

value

measurement.

U.S.

GAAP

defines

Fundrise

Growth

Tech

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(continued)

December

31,

2025

the

fair

value

as

the

price

that

the

Fund

would

receive

to

sell

an

asset

or

pay

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date.

The

Fund

determines

the

fair

value

of

certain

investments

in

accordance

with

the

fair

value

hierarchy

that

requires

an

entity

to

maximize

the

use

of

observable

inputs.

The

fair

value

hierarchy

includes

the

following

three

levels

based

on

the

objectivity

of

the

inputs,

which

were

used

for

categorizing

the

assets

or

liabilities

for

which

fair

value

is

being

measured

and

reported:

Level

–

Quoted

market

prices

in

active

markets

for

identical

assets

or

liabilities.

Level

–

Significant

other

observable

inputs

(e.g.,

quoted

prices

for

similar

items

in

active

markets,

quoted

prices

for

identical

or

similar

items

in

markets

that

are

not

active,

inputs

other

than

quoted

prices

that

are

observable

such

as

interest

rate

and

yield

curves,

and

market-corroborated

inputs).

Level

–

Valuation

generated

from

model-based

techniques

that

use

inputs

that

are

significant

and

unobservable

in

the

market.

These

unobservable

assumptions

reflect

estimates

of

inputs

that

market

participants

would

use

in

pricing

the

asset

or

liability.

Valuation

techniques

may

include

use

of

discounted

cash

flow

methodologies

or

similar

techniques,

which

incorporate

management's

own

estimates

of

assumptions

that

market

participants

would

use

in

pricing

the

instrument

or

other

valuation

assumptions

that

require

significant

management

judgment

or

estimation.

Fixed

income

securities

are

valued

by

an

independent

pricing

service

overseen

by

the

Valuation

Designee.

The

pricing

service

employs

a

pricing

model

that

takes

into

account,

among

other

things,

bids,

yield

spreads

and/or

other

market

data

and

specific

security

characteristics.

In

the

event

prices

or

quotations

are

not

readily

available

or

that

the

application

of

these

valuation

methods

results

in

a

price

for

an

investment

that

is

deemed

to

be

not

representative

of

the

fair

value

of

such

investment,

fair

value

will

be

determined

in

good

faith

by

the

Valuation

Designee,

in

accordance

with

the

valuation

policy

and

procedures

approved

by

the

Board.

These

securities

are

generally

classified

in

Level

of

the

fair

value

hierarchy.

Investments

in

registered

investment

companies,

including

money

market

funds,

are

valued

at

the

NAV

as

of

the

close

of

each

business

day.

These

securities

are

generally

classified

in

Level

of

the

fair

value

hierarchy.

Based

on

the

short-term

nature

of

the

borrowings

under

the

reverse

repurchase

agreements,

the

carrying

value

of

the

payable

for

reverse

repurchase

agreements

approximated

its

fair

value

as

of

December

31,

2025. These

reverse

repurchase

agreements

are

generally

classified

in

Level

of

the

fair

value

hierarchy.

The

majority

of

the

Fund's

investments

have

no

readily

available

market

quotations

and,

as

such,

are

valued

at

fair

value

in

good

faith.

There

is

no

single

standard

for

determining

the

fair

value

of

a

security.

Rather,

fair

value

calculations

will

involve

significant

professional

judgment

in

the

application

of

both

observable

and

unobservable

attributes.

For

mid-to-late

stage

growth

Portfolio

Companies,

traditional

valuation

methods

(e.g.,

discounted

cash

flow)

are

often

a

less

reliable

tool

for

valuing

investments

in

accordance

with

ASC

820. As

such,

until

the

Portfolio

Companies

grow

to

a

point

where

traditional

valuation

methods

apply,

the

Fund

may

deem

it

more

appropriate

to

utilize

other

valuation

methodologies.

Late-stage

private

companies

or

"pre-IPO

companies"

traditionally

raise

capital

from

investors

in

organized

funding

rounds.

During

such

funding

rounds,

a

pre-IPO

company

will

seek

a

lead

investor

who

will,

to

their

best

effort,

define

a

valuation

of

the

company.

Therefore,

the

valuation

of

the

Fund's

Portfolio

Companies

may

be

adjusted

when

a

new

valuation

is

set

by

the

lead

investor

in

the

next

funding

round.

As

such,

the

Fund

may

use

the

market

approach

to

estimate

the

fair

value

of

its

Portfolio

Companies

by

adjusting

the

valuation

of

its

Portfolio

Companies

with

each

new

funding

round.

However,

while

the

valuation

as

of

the

latest

funding

round

is

a

prominent

factor

in

the

Fund's

valuation

process,

it

is

not

the

only

factor

that

the

Fund

considers

when

valuing

its

portfolio

investments.

The

Fund

may

establish

certain

thresholds

or

triggers

that

intend

to

capture

fundamental

changes

in

the

value

of

the

Portfolio

Company

that

would

affect

the

anticipated

return

on

the

Fund's

investment.

Examples

of

certain

thresholds

or

triggers

may

include,

an

unexpected

business

or

technology

breakthrough,

faster

than

anticipated

revenue

growth,

a

fundamental

failure

of

the

technology,

the

loss

of

a

key

customer,

or

the

success

of

a

competitor

in

the

same

industry.

Additionally,

the

Adviser

may

consider

several

additional

factors

(if

present),

including

but

not

limited

to

the

implied

valuation

of

the

asset

as

reflected

by

stock

purchase

contracts

reported

in

private

markets,

fundamental

analytical

data

relating

to

the

investment

in

the

security,

the

nature

and

duration

of

any

restriction

on

the

disposition

of

the

security,

the

cost

of

the

security

at

the

date

of

purchase,

or

the

liquidity

of

the

market

for

the

Fundrise

Growth

Tech

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(continued)

December

31,

2025

security.

The

Adviser

may

also

consider

periodic

financial

statements

(audited

and

unaudited)

or

other

information

provided

by

the

Portfolio

Companies

to

investors

or

prospective

investors,

to

the

extent

that

it

is

available.

The

Fund

invests

in

Portfolio

Companies

by

purchasing

securities

directly

from

such

Portfolio

Companies,

through

simple

agreements

for

future

equity

("SAFEs"),

or

through

special

purpose

vehicles

("SPV").

SAFEs

represent

a

contractual

right

to

future

equity

of

a

company,

in

exchange

for

which

the

holder

of

the

SAFE

contributes

capital

to

the

company.

SAFEs

enable

investors

to

convert

their

investment

to

equity

upon

the

occurrence

of

triggering

events

set

forth

in

the

applicable

SAFE.

For

investments

in

companies

that

are

not

considered

"pre-IPO

companies",

valuation

methods

utilized

may

include,

but

are

not

limited

to

the

following:

sales

comparison

approach;

discounted

cash

flow

method;

hypothetical

sales

method;

and

appraisals

received

from

one

or

more

pricing

services.

In

addition,

the

Fund

may

utilize:

an

analysis

of

financial

ratios

and

valuation

metrics

of

the

Portfolio

Companies

that

issued

private

equity

securities

to

peer

companies

that

are

public;

an

analysis

of

the

Portfolio

Companies'

most

recent

financial

statements

and

forecasts;

an

analysis

of

the

markets

in

which

the

Portfolio

Company

does

business;

and

other

relevant

factors.

Portfolio

Funds

and

certain

Portfolio

Companies

are

generally

valued

based

on

the

latest

NAV

reported

by

the

Portfolio

Fund

or

Portfolio

Company's

portfolio

manager

("Portfolio

Manager")

as

a

practical

expedient,

where

such

valuation

methodologies

employed

by

the

Portfolio

Funds

and

certain

Portfolio

Companies

reflects

fair

value

pricing

and

the

effects

of

using

fair

value

pricing.

New

purchases

of

Portfolio

Funds

and

certain

Portfolio

Companies

may

be

valued

at

original

transaction

price

initially

until

a

NAV

is

provided

by

the

Portfolio

Manager.

If

the

Valuation

Committee

concludes

in

good

faith

that

the

latest

NAV

reported

by

a

Portfolio

Manager

does

not

represent

fair

value

(e.g.,

there

is

more

current

information

regarding

a

portfolio

asset

which

significantly

changes

its

fair

value),

the

Valuation

Committee

will

make

a

corresponding

adjustment

to

reflect

the

current

fair

value

of

such

asset

within

such

Portfolio

Fund

or

Company.

Attributes

of

those

investments

include

the

investment

strategies

of

the

investees

and

may

also

include,

but

are

not

limited

to,

restrictions

on

the

investor's

ability

to

redeem

its

investments

at

the

measurement

date

and

any

unfunded

commitments.

Because

of

the

inherent

uncertainty

in

valuation,

the

estimated

values

may

differ

from

the

values

that

would

have

been

used

had

a

ready

market

for

the

securities

existed,

and

the

differences

could

be

material.

Due

to

the

inherent

uncertainty

of

determining

the

fair

value

of

investments

that

do

not

have

a

readily

available

market

value,

the

fair

value

of

the

Fund's

investments

may

differ

significantly

from

the

values

that

would

have

been

used

had

a

readily

available

market

value

existed

for

such

investments,

and

the

differences

could

be

material.

The

following

is

a

summary

of

the

Fund's

assets

and

liabilities

measured

at

fair

value

on

a

recurring

basis

as

of

December

31,

2025

,

and

indicates

the

fair

value

hierarchy

of

the

inputs

utilized

by

the

Fund

to

determine

such

fair

value

(amounts

in

thousands)

:

Assets

Level

Level

Level

Practical

Expedient

(1) Total

Portfolio

Companies

$

–

$

–

$

281,933

$

72,569

$

354,502

Common

Stock

in

Public

Company

12,694

–

–

–

12,694

Portfolio

Fund

–

–

–

4,497

4,497

Commercial

Mortgage-Backed

Securities

–

66,440

–

–

66,440

Short-Term

Investment

26,584

–

–

–

26,584

Total

Assets

$

39,2

$

66,440

$

281,933

$

,

$

,

Liabilities

Level

Level

Level

Practical

Expedient

(1) Total

Reverse

Repurchase

Agreements

$

–

$

(15,360)

$

–

$

–

$

(15,360)

Total

Liabilities

$

–

$

(15,360)

$

–

$

–

$

(15,360)

(1) As

a

practical

expedient,

certain

investments

that

are

measured

at

fair

value

using

the

NAV

per

share

(or

its

equivalent)

have

not

been

categorized

in

the

fair

value

hierarchy.

The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Schedule

of

Investments.

Fundrise

Growth

Tech

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(continued)

December

31,

2025

The

Fund

utilizes

the

NAV

as

a

practical

expedient

to

value

certain

investments.

The

table

below

sets

forth

those

investments,

including

their

unfunded

commitments

and

other

attributes,

that

were

significant

as

of

December

31,

2025

(1) .

The

following

is

a

summary

of

quantitative

information

about

the

significant

unobservable

inputs

of

the

Fund's

Level

investments

as

of

December

31,

2025

(amounts

in

thousands)

.

The

tables

are

not

intended

to

be

all-inclusive

but

instead

capture

the

significant

unobservable

inputs

relevant

to

the

Fund's

determination

of

fair

value.

The

following

is

a

reconciliation

of

investments

in

which

significant

unobservable

inputs

(Level

3)

were

used

in

determining

fair

value

(amounts

in

thousands)

:

Restricted

Investments

The

Fund

may

purchase

securities

for

which

there

is

a

limited

trading

market

or

which

are

subject

to

restrictions

on

resale

to

the

public.

Restricted

securities

and

securities

for

which

there

is

a

limited

trading

market

may

be

significantly

more

difficult

to

Investment

Category

Investment

Strategy

Fair

Value

(amounts

in

thousands)

Unfunded

Commitments

(amounts

in

thousands)

Estimated

Remaining

Life

Redemption

Frequency

Redemption

Notice

Period

(In

Days)

Redemption

Restriction

Terms

Portfolio

Company

To

serve

as

a

fund

through

which

the

assets

of

its

partners

may

be

utilized

to

make

indirect

investment(s)

in

the

securities

of

Databricks,

Inc.

$

72,569

N/A

Indefinite

None

N/A

N/A

Portfolio

Fund

Venture

capital

investments

in

equity

or

equity-oriented

securities

of

technology

and

technology-related

companies

$

4,497

$

704

to

years

None

N/A

N/A

(1) The

information

summarized

in

the

table

above

represents

the

general

terms

for

the

specified

financing

stage.

Individual

investment

funds

may

have

terms

that

are

more

or

less

restrictive

than

those

terms

indicated

for

the

asset

class

as

a

whole.

In

addition,

most

portfolio

funds

have

the

flexibility,

as

provided

for

in

their

constituent

documents,

to

modify

and

waive

such

terms.

Investment

Fair

Value

Valuation

Technique

(1) Unobservable

Input

Range

Impact

to

Valuation

from

an

Increase

in

Input

(2) Portfolio

Companies

$

183,773

Market

Transaction

Transaction

Price

N/A

Increase

Portfolio

Companies

98,160

Recent

Transaction

Transaction

Price

N/A

Increase

Total

Investments

$

281,933

(1) Recent

transaction

represents

investments

held

at

the

original

transaction

price,

either

from

the

Portfolio

Company's

funding

round

or

a

secondary

seller,

and

other

relevant

market

data.

Market

transaction

represents

investments

valued

using

private

transaction

prices

or

non-public

third-party

pricing

information

which

is

unobservable.

(2) Represents

the

expected

directional

change

in

the

fair

value

of

the

Level

investments

that

would

result

from

an

increase

in

the

corresponding

input.

A

decrease

to

the

unobservable

input

would

have

the

opposite

effect.

Significant

changes

in

these

inputs

could

result

in

significantly

higher

or

lower

fair

value

measurements.

Balance

as

of

March

31,

2025

Purchases

or

Conversions

Realized

Gain

(Loss)

Net

Change

in

Unrealized

Appreciation/

Depreciation

Sales

or

Conversions

Transfers

to

(from)

Level

Balance

as

of

December

31,

2025

Net

Change

in

Unrealized

Appreciation/

Depreciation

for

the

Period

Ended

December

31,

2025

related

to

Level

Investments

Held

at

December

31,

2025

Portfolio

Companies

$

119,573

$

90,603

(1) $

–

$

72,255

(1) $

(498) (1) $

–

$

281,933

$

72,255

(1) Amounts

include

$498

SAFEs

in

Portfolio

Companies

converted

to

$660

in

equity

investments

in

Portfolio

Companies

(amounts

in

thousands)

.

Fundrise

Growth

Tech

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(continued)

December

31,

2025

value

due

to

the

unavailability

of

reliable

market

quotations

for

such

securities,

and

investment

in

such

securities

may

have

an

adverse

impact

on

NAV.

In

addition,

the

Fund's

investments

in

Portfolio

Companies

will

often

be

subject

to

lock-up

provisions

that

prohibit

the

Fund

from

selling

its

equity

investments

into

the

public

market

for

specified

periods

of

time

after

IPOs

of

the

Portfolio

Company,

typically

days.

The

Fund

may

purchase

Rule

144A

securities

for

which

there

may

be

a

secondary

market

of

qualified

institutional

buyers

as

contemplated

by

Rule

144A

under

the

Securities

Act.

Rule

144A

provides

an

exemption

from

the

registration

requirements

of

the

Securities

Act

for

the

resale

of

certain

restricted

securities

to

qualified

institutional

buyers.

The

following

are

the

restricted

investments

held

by

the

Fund

as

of

December

31,

2025

(amounts

in

thousands)

:

Description

Initial

Acquisition

Date

Shares

Cost

Value

as

of

December

31,

2025

%

of

Net

Assets

Databricks,

Inc.

-

Common

Stock

07/14/23

$

25,019

$

72,569

16.6%

OpenAI

Group

PBC

-

Convertible

Rights

09/27/24

N/A

25,890

40,999

9.4%

Anthropic,

PBC,

Series

C

-

Preferred

Stock

12/06/23

8,534

30,675

7.0%

Databricks,

Inc.

-

Common

Stock

11/20/23

8,874

23,256

5.3%

Anthropic,

PBC,

Series

F

-

Convertible

Preferred

08/14/25

21,462

19,600

4.5%

Epic

Games,

Inc.

-

Common

Stock

08/27/25

19,180

19,180

4.4%

dbt

Labs,

Inc.,

Series

D

-

Preferred

Stock

09/22/23

15,000

15,000

3.4%

Flock

Group,

Inc.,

Class

B

-

Preferred

Stock

11/26/25

631

13,961

13,961

3.2%

Ramp

Business

Corp.,

Series

-

Preferred

Stock

10/08/25

10,200

13,365

3.1%

Anduril

Industries,

Inc.

SPV,

Series

E

-

Preferred

Stock

10/27/23

N/A

6,021

12,793

2.9%

OpenAI

Group

PBC

-

Partnership

Interest

12/29/23

N/A

5,350

12,507

2.9%

Ramp

Business

Corp.,

Series

-

Preferred

Stock

01/31/25

5,005

12,000

2.8%

Vanta,

Inc.,

Series

-

Preferred

Stock

09/07/22

555

5,000

10,116

2.3%

Canva,

Inc.

-

Common

Stock

09/15/23

6,220

9,599

2.2%

Loyal

Animal

Health,

Inc.,

Series

C

-

Preferred

Stock

12/10/25

680

8,33

8,334

1.9%

Space

Exploration

Technologies

Corp.

-

Common

Stock

07/18/25

6,679

7,138

1.6%

Visual

Layer,

Inc.

–

SAFE

06/04/24

N/A

5,000

5,000

1.1%

Inspectify,

Inc.,

Series

-

Preferred

Stock

06/30/23

1,295

4,000

5,000

1.1%

Theory

Ventures,

LP

04/28/23

N/A

4,296

4,497

1.0%

AI-LLM,

LLC

-

Common

Stock

08/31/23

N/A

1,597

3,105

0.7%

Handshake,

Series

C

-

Preferred

Stock

10/23/25

2,814

2,814

0.7%

Anyscale,

Inc.

-

Common

Stock

10/18/23

511

2,494

2,494

0.6%

Intercom,

Inc.

-

Common

Stock

10/17/25

2,385

2,385

0.6%

Ramp

Business

Corp.

-

Common

Stock

05/20/24

693

2,376

0.6%

Flock

Group,

Inc.,

Class

C

-

Preferred

Stock

11/26/25

2,278

2,278

0.5%

Rhino

Labs,

Inc.,

Series

P

-

Preferred

Stock

02/05/25

2,000

1,023

0.2%

Immuta,

Inc.

-

Common

Stock

03/28/23

1,022

1,021

0.2%

DittoLive,

Inc.,

Series

B

-

Preferred

Stock

01/17/25

1,000

1,000

0.2%

Inspectify,

Inc.

-

SAFE

11/03/25

N/A

1,000

1,000

0.2%

Handshake,

Series

D

-

Preferred

10/23/25

601

601

0.1%

Omni

Analytics,

Inc.,

Series

-

Preferred

Stock

08/27/24

500

588

0.1%

Hightouch

-

Common

Stock

06/06/24

583

0.1%

Intercom,

Inc.,

Series

A

-

Preferred

Stock

10/17/25

0.1%

Rhino

Labs,

Inc.,

Series

D

-

Preferred

Stock

02/03/25

0.1%

Risotto,

Series

Seed

-

Preferred

Stock

02/20/25

0.1%

Stripe,

Inc.

-

Common

Stock

06/28/24

0.1%

Luminos,

Inc.,

Series

Seed

-

Preferred

Stock

11/09/23

0.1%

Risotto,

Series

Seed

-

Preferred

Stock

(1) 11/12/25

0.0%

Hightouch,

Series

C

-

Preferred

Stock

(1) 05/09/25

0.0%

Luminos,

Inc.,

Series

Seed

-

Preferred

Stock

(1) 11/05/25

0.0%

Gumloop,

Series

-

Preferred

Stock

(1) 08/16/24

0.0%

Total

$

224,65

$

358,999

82. 0

%

(1) Value

is

less

than

0.05%

of

Total

Net

Assets.

Fundrise

Growth

Tech

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(continued)

December

31,

2025

Affiliated

Investments

The

Fund

invests

in

one

or

more

affiliated

entities.

The

affiliated

investment

vehicles

have

not

been

registered

under

the

Securities

Act

of

1933,

as

amended,

and

thus

are

subject

to

restrictions

on

resale.

During

the

period

ended

December

31,

2025,

investments

in

affiliates

were

as

follows

(amounts

in

thousands)

:

Reverse

Repurchase

Agreements

The

Fund

may

use

leverage

to

provide

additional

funds

to

support

its

investment

activities.

The

Fund

may

enter

into

reverse

repurchase

agreements

from

a

bank

or

dealer

at

a

specified

maturity

date,

under

which

the

Fund

will

effectively

pledge

its

assets

as

collateral

to

secure

a

short-term

loan.

Generally,

the

other

party

to

the

agreement

makes

the

loan

in

an

amount

equal

to

a

percentage

of

the

market

value

of

the

pledged

collateral.

At

the

maturity

of

the

reverse

repurchase

agreement,

the

Fund

will

be

required

to

repay

the

loan

and

correspondingly

receive

back

its

collateral.

While

used

as

collateral,

the

assets

continue

to

pay

principal

and

interest

which

are

for

the

benefit

of

the

Fund.

3. Subsequent

Events

Subsequent

to

the

period

end,

the

Fund

changed

its

name

to

Fundrise

Innovation

Fund,

LLC,

effective

January

20,

2026. On

March

1,

2026,

the

Fund

sold

its

investment

in

Theory

Ventures,

LP.

Non-Controlled

Affiliated

Investment

Balance

as

of

March

31,

2025

Purchases

at

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

and

Capital

Gain

Distributions

Change

in

Unrealized

Appreciation/

Depreciation

Balance

as

of

December

31,

2025

Total

Dividend

Income

Technology

Private

Equity

Inspectify,

Inc.

$

5,000

$

1,000

(1) $

–

$

–

$

–

$

6,000

(1) $

–

Total

$

5,000

$

1,000

$

–

$

–

$

–

$

6,000

$

–

(1) Amount

includes

a

$1,000

SAFE

in

Inspectify,

Inc.

which

has

not

yet

converted

into

an

equity

investment

as

of

December

31,

2025

(amount

in

thousands)

.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FUNDRISE GROWTH TECH FUND, LLC

- **b. Investment Company Act file number:** 811-23708

- **c. CIK number of Registrant:** 0001867090

- **d. LEI of Registrant:** 549300GHPV9TAPWSMX39

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11 DUPONT CIRCLE NW

  - **City:** WASHINGTON

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20036

  - **Telephone number:** 202-584-0550

**Item A.2. Information about the Series.**

- **a. Name of Series:** FUNDRISE GROWTH TECH FUND, LLC

- **c. LEI of Series:** 549300GHPV9TAPWSMX39

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $466233234.83

**Total Liabilities:** $28797104.16

**Net Assets:** $437436130.67

**Cash Not Reported:** $1150375.93

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.83%                | 1.46%                | 5.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $7224209.02                                |
| Month 2  | $0.00                    | $6251979.85                                |
| Month 3  | $0.00                    | $22390659.17                               |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                          | Identifiers                             | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| QTS Data Centers - BX 2025-VOLT C                              | QTS Data Centers - BX 2025-VOLT C                              | CUSIP: 05619PAE6<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $10041533.00  | 2.30%             | 2027-12-15      | Floating      | 6.10%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT7 D                              | QTS Data Centers - BX 2025-VLT7 D                              | CUSIP: 123913AG0<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   7000000 | PA      | $7042610.40   | 1.61%             | 2027-07-15      | Floating      | 7.00%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT7 E                              | QTS Data Centers - BX 2025-VLT7 E                              | CUSIP: 123913AJ4<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   7000000 | PA      | $7006934.20   | 1.60%             | 2027-07-15      | Floating      | 7.50%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT6 D                              | QTS Data Centers - BX 2025-VLT6 D                              | CUSIP: 12433KAG2<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4998039.50   | 1.14%             | 2027-03-15      | Floating      | 6.34%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT6 E                              | QTS Data Centers - BX 2025-VLT6 E                              | CUSIP: 12433KAJ6<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $9988614.00   | 2.28%             | 2027-03-15      | Floating      | 6.94%                 | No            | 2                  | On Loan: No      |
| EdgeCore Data Centers - ECORE 2025-1A B                        | EdgeCore Data Centers - ECORE 2025-1A B                        | CUSIP: 268332AB9<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   6000000 | PA      | $5717881.80   | 1.31%             | 2030-07-25      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | CUSIP: 4812C2239<br>LEI: N/A            | Long             | STIV             | RF                | US        |  26583775 | NS      | $26583774.91  | 6.08%             |  |  |  | No            | 1                  | On Loan: No      |
| SWITCH Data Centers - SWCH 2025-DATA E                         | SWITCH Data Centers - SWCH 2025-DATA E                         | CUSIP: 78489CAE9<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |  12500000 | PA      | $12450627.50  | 2.85%             | 2027-02-15      | Floating      | 7.09%                 | No            | 2                  | On Loan: No      |
| ServiceTitan, Inc.                                             | ServiceTitan, Inc.                                             | CUSIP: 81764X103<br>LEI: N/A            | Long             | EC               | CORP              | US        |    119196 | NS      | $12694374.00  | 2.90%             |  |  |  | No            | 1                  | On Loan: No      |
| 8VC ANSE SPV, LP                                               | 8VC ANSE SPV, LP                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $12793560.00  | 2.92%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Vantage Data Centers - VDCM 2025-AZ D                          | Vantage Data Centers - VDCM 2025-AZ D                          | CUSIP: 91825CAG0<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   9000000 | PA      | $9193355.10   | 2.10%             | 2030-07-13      | Variable      | 6.23%                 | No            | 2                  | On Loan: No      |
| ACA Projects, Inc. dba Risotto                                 | ACA Projects, Inc. dba Risotto, Series Seed 1 - Preferred      | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     87411 | NS      | $125426.05    | 0.03%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ACA Projects, Inc. dba Risotto                                 | ACA Projects, Inc. dba Risotto, Series Seed 2 - Preferred      | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    261346 | NS      | $375005.38    | 0.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AgentHub, Inc. dba Gumloop                                     | AgentHub, Inc. dba Gumloop                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      4532 | NS      | $21714.17     | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AI-LLM, LLC                                                    | AI-LLM, LLC                                                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $3105000.00   | 0.71%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Anyscale, Inc.                                                 | Anyscale, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    510880 | NS      | $2493722.96   | 0.57%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Canva, Inc.                                                    | Canva, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      5831 | NS      | $9598642.34   | 2.19%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Carry Technologies, Inc. dba Hightouch                         | Carry Technologies, Inc. dba Hightouch - Common                | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     11717 | NS      | $583168.00    | 0.13%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Carry Technologies, Inc. dba Hightouch                         | Carry Technologies, Inc. dba Hightouch - Preferred             | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      2010 | NS      | $100040.13    | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Databricks, Inc.                                               | Databricks, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    122400 | NS      | $23256000.00  | 5.32%             |  |  |  | Yes           | 3                  | On Loan: No      |
| DBH1 LP                                                        | DBH1 LP                                                        | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $72568980.00  | 16.59%            |  |  |  | Yes           | N/A                | On Loan: No      |
| dbt Labs, Inc.                                                 | dbt Labs, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    441177 | NS      | $15000018.00  | 3.43%             |  |  |  | Yes           | 3                  | On Loan: No      |
| DittoLive, Inc.                                                | DittoLive, Inc.                                                | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     73288 | NS      | $999992.78    | 0.23%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Epic Games, Inc.                                               | Epic Games, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     42963 | NS      | $19179610.00  | 4.38%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flock Group, Inc.                                              | Flock Group, Inc., Class B                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    631320 | NS      | $13960757.95  | 3.19%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flock Group, Inc.                                              | Flock Group, Inc., Class C                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    103010 | NS      | $2277921.94   | 0.52%             |  |  |  | Yes           | 3                  | On Loan: No      |
| HOF Capital AG Follow On, LLC                                  | HOF Capital AG Follow On, LLC                                  | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $19600000.00  | 4.48%             |  |  |  | Yes           | 3                  | On Loan: No      |
| HOF Capital AP Growth, LLC                                     | HOF Capital AP Growth, LLC                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $12506666.00  | 2.86%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Immuta, Inc.                                                   | Immuta, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     80000 | NS      | $1021600.00   | 0.23%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Inspectify, Inc.                                               | Inspectify, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |         1 | OU      | $1000000.00   | 0.23%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Inspectify, Inc.                                               | Inspectify, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |   1295462 | NS      | $4999965.01   | 1.14%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Intercom, Inc.                                                 | Intercom, Inc. - Common                                        | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     45000 | NS      | $2385000.00   | 0.55%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Intercom, Inc.                                                 | Intercom, Inc. - Preferred                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      7861 | NS      | $416633.00    | 0.10%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Loyal Animal Health, Inc.                                      | Loyal Animal Health, Inc.                                      | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    679631 | NS      | $8334450.88   | 1.91%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Quiet OA Access LP                                             | Quiet OA Access LP                                             | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $40998905.01  | 9.37%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Luminos, Inc.                                                  | Luminos, Inc., Series Seed 2 - Preferred                       | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    169906 | NS      | $284644.00    | 0.07%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Luminos, Inc.                                                  | Luminos, Inc., Series Seed 1 - Preferred                       | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     47196 | NS      | $79067.46     | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Omni Analyitics, Inc.                                          | Omni Analytics, Inc.                                           | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     58036 | NS      | $588230.00    | 0.13%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ramp Business Corp.                                            | Ramp Business Corp. - Common                                   | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     26400 | NS      | $2376000.00   | 0.54%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ramp Business Corp.                                            | Ramp Business Corp., Series A-2 - Preferred                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    148500 | NS      | $13365000.00  | 3.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ramp Business Corp.                                            | Ramp Business Corp., Series C-1 - Preferred                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    133333 | NS      | $11999970.00  | 2.74%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Rhino Labs, Inc.                                               | Rhino Labs, Inc., Series D                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    469695 | NS      | $391435.00    | 0.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Rhino Labs, Inc.                                               | Rhino Labs, Inc., Series P                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     10233 | NS      | $1023348.16   | 0.23%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Reverse Repo Barclays Bank PLC                                 | Reverse Repo Barclays Bank PLC                                 | CUSIP: N/A<br>LEI: 2549003Q5J2G7ALNU316 | Short            | RA               | CORP              | US        |  -5568750 | PA      | $-5578161.19  | -1.28%            |  |  |  | No            | 2                  | On Loan: No      |
| Reverse Repo Barclays Bank PLC                                 | Reverse Repo Barclays Bank PLC                                 | CUSIP: N/A<br>LEI: 2549003Q5J2G7ALNU316 | Short            | RA               | CORP              | US        |  -5040000 | PA      | $-5048608.60  | -1.15%            |  |  |  | No            | 2                  | On Loan: No      |
| Reverse Repo Barclays Bank PLC                                 | Reverse Repo Barclays Bank PLC                                 | CUSIP: N/A<br>LEI: 2549003Q5J2G7ALNU316 | Short            | RA               | CORP              | US        |  -4725000 | PA      | $-4733241.19  | -1.08%            |  |  |  | No            | 2                  | On Loan: No      |
| SaxeCap Advisors VIII, LP                                      | SaxeCap Advisors VIII, LP                                      | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $30675213.00  | 7.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| SP Private Investments XIII, LLC                               | SP Private Investments XIII, LLC                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $7137900.00   | 1.63%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Stripe, Inc.                                                   | Stripe, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      9804 | NS      | $348042.00    | 0.08%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Stryder Corp.                                                  | Stryder Corp., Series C                                        | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     37525 | NS      | $2814375.00   | 0.64%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Stryder Corp.                                                  | Stryder Corp., Series D                                        | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      8013 | NS      | $600975.00    | 0.14%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Theory Ventures, LP                                            | Theory Ventures, LP                                            | CUSIP: N/A<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4496657.00   | 1.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Vanta, Inc.                                                    | Vanta, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    554888 | NS      | $10115608.02  | 2.31%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Visual Layer, Inc.                                             | Visual Layer, Inc.                                             | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |         1 | OU      | $5000000.00   | 1.14%             |  |  |  | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Fundrise Growth Tech Fund, LLC

**Signature:** /s/ Lauren Stuntebeck

**Name of Signer:** Lauren Stuntebeck

**Title:** Assistant Treasurer