A Capital Partners III, L.P.
A.Capital Partners · adviser of record: A Capital Management, LLC · 2013 vintage
A Capital Partners III, L.P. is a 2013 venture fund managed by A.Capital Partners, with $170mm raised (Form D, amount sold). It reported $190mm in gross assets at year-end 2025, 1.12x its size, against a peak of $245mm in 2022.
- Latest value held
- $190mm year-end 2025
- Peak
- $245mm year-end 2022
- Fund size
- $170mm Form D, amount sold
- Held vs. size
- 1.12x peak 1.44x
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 | $190mm | 1.12x | -14% over 2 yrs |
| 2023 | $222mm | 1.30x | -9% |
| 2022 | $245mm | 1.44x | +43% |
| 2021 | $171mm | 1.01x | +26% |
| 2020 | $136mm | 0.80x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| CalSTRS | 2025-06-30 | $22.5mm | 1.77x | 2.26x | 0.49x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from A.Capital Partners
- A. Capital Partners IV, L.P. 2022
- A Capital Parallel Fund III-A, L.P. 2020
- A Capital Parallel Fund II-B 2016
- A Capital Partners II, LP 2015
- A Capital Partners, LP 2014
- A Capital Parallel Fund B LP 2014
- A Capital Parallel Fund A LP 2014
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 805-9678372225. Data updated October 13, 2026.
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