Accel Growth Fund III L.P.
Accel · adviser of record: Accel Management CO. Inc. · 2013 vintage
Accel Growth Fund III L.P. is a 2013 venture fund managed by Accel, with $1bn raised (Form D, amount sold). It reported $939mm in gross assets at year-end 2025, 0.94x its size, against a peak of $1.76bn in 2018.
- Latest value held
- $939mm year-end 2025
- Peak
- $1.76bn year-end 2018
- Fund size
- $1bn Form D, amount sold
- Held vs. size
- 0.94x peak 1.76x
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 | $939mm | 0.94x | -25% over 2 yrs |
| 2023 | $1.24bn | 1.24x | +0% |
| 2022 | $1.24bn | 1.24x | +3% over 2 yrs |
| 2020 | $1.21bn | 1.21x | +39% |
| 2019 | $872mm | 0.87x | -51% |
| 2018 | $1.76bn | 1.76x | +62% |
| 2017 | $1.09bn | 1.09x | +10% |
| 2016 | $991mm | 0.99x | -3% |
| 2015 | $1.02bn | 1.02x | +0% |
| 2014 | $1.02bn | 1.02x | +2% |
| 2013 | $999mm | 1.00x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Michigan SMIB | 2025-12-31 | – | – | – | $10.4mm |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Accel
- Accel XVI L.P. 2023
- Accel Leaders 4 Investors (2022) L.P. 2023
- Accel XVI Investors (2024) L.L.C. 2023
- Accel India VI Investors (2019) L.L.C. 2023
- Accel Leaders 4 L.P. 2022
- Accel India VII L.P. 2022
- Accel Growth Fund VI Investors (2021) L.P. 2022
- Accel XV Investors (2021) L.L.C. 2022
- Accel India VII Investors (2022) L.L.C. 2022
- Accel London VII L.P. 2021
- Accel London VII Investors (2021) L.P. 2021
- Accel London VI Investors (2020) L.P. 2021
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 805-2800362538. Data updated October 13, 2026.
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