B Capital Ascent Fund III, L.P.
B Capital · adviser of record: B Capital Group Management, L.P. · 2023 vintage
B Capital Ascent Fund III, L.P. is a 2023 venture fund managed by B Capital, with $307mm raised (Form D, amount sold). It reported $441mm in gross assets at year-end 2025, 1.44x its size, its highest reported value.
- Latest value held
- $441mm year-end 2025
- Peak
- $441mm year-end 2025
- Fund size
- $307mm Form D, amount sold
- Held vs. size
- 1.44x 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 | $441mm | 1.44x | +93% over 2 yrs |
| 2023 | $228mm | 0.74x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| CalPERS | 2026-03-31 | $122mm | 0.00x | 1.73x | 1.73x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from B Capital
- B Capital Ascent Ssea Fund I, L.P. 2023
- B Capital Opportunities Fund II, L.P. 2022
- B Capital Coinvest Fund (N), L.P. 2022
- B Capital Growth Coinvest Fund (K2), L.P. 2022
- B Capital Global Growth III, LP 2021
- B Capital Healthcare I, L.P. 2021
- B Capital China I, L.P. 2021
- B Capital Growth Coinvest Fund, LP 2021
- B Capital Growth Coinvest Fund (B), LP 2021
- B Capital Ascent Coinvest Fund LP 2021
- B Capital Opportunities Fund I, L.P. 2020
- B Capital Ascent Fund II, LP 2020
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 805-5830577225. Data updated October 13, 2026.
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