Alpaca VC Fund III LP
Alpaca VC Investment · adviser of record: Alpaca VC Investment Management LLC · 2020 vintage
Alpaca VC Fund III LP is a 2020 venture fund managed by Alpaca VC Investment, with $78.1mm raised (Form D, amount sold). It reported $60.3mm in gross assets at year-end 2025, 0.77x its size, against a peak of $75.3mm in 2023.
- Latest value held
- $60.3mm year-end 2025
- Peak
- $75.3mm year-end 2023
- Fund size
- $78.1mm Form D, amount sold
- Held vs. size
- 0.77x peak 0.96x
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 | $60.3mm | 0.77x | -20% over 2 yrs |
| 2023 | $75.3mm | 0.96x | +8% |
| 2022 | $69.8mm | 0.89x | +53% |
| 2021 | $45.5mm | 0.58x | +23% |
| 2020 | $37mm | 0.47x | – |
Other funds from Alpaca VC Investment
- Alpaca VC SPV #3 LLC 2022
- Alpaca VC SPV #5 LLC 2022
- Alpaca Pair SPV LLC 2021
- Alpaca Built World Fund I LP 2020
- Corigin Ventures Fund II LP 2018
All Alpaca VC Investment funds
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 805-3616425414. Data updated October 13, 2026.
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