Array Ventures III, L.P.
Lalit Ventures · adviser of record: Lalit Ventures, LLC · 2020 vintage
Array Ventures III, L.P. is a 2020 venture fund managed by Lalit Ventures, with $55mm raised (Form D, amount sold). It reported $86mm in gross assets at year-end 2025, 1.56x its size, its highest reported value.
- Latest value held
- $86mm year-end 2025
- Peak
- $86mm year-end 2025
- Fund size
- $55mm Form D, amount sold
- Held vs. size
- 1.56x peak 1.56x
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 | $86mm | 1.56x | +53% over 2 yrs |
| 2023 | $56.1mm | 1.02x | +0% |
| 2022 | $56.1mm | 1.02x | +0% |
| 2021 | $56.1mm | 1.02x | +2% |
| 2020 | $55mm | 1.00x | – |
Other funds from Lalit Ventures
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 805-4899215067. Data updated October 13, 2026.
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