B Capital Global Growth III, LP
B Capital · adviser of record: B Capital Group Management, L.P. · 2021 vintage
B Capital Global Growth III, LP is a 2021 venture fund managed by B Capital, with $1.59bn raised (Form D, amount sold). It reported $1.92bn in gross assets at year-end 2025, 1.21x its size, its highest reported value.
- Latest value held
- $1.92bn year-end 2025
- Peak
- $1.92bn year-end 2025
- Fund size
- $1.59bn Form D, amount sold
- Held vs. size
- 1.21x peak 1.21x
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 | $1.92bn | 1.21x | +23% over 2 yrs |
| 2023 | $1.56bn | 0.98x | +1% |
| 2022 | $1.55bn | 0.98x | +38% |
| 2021 | $1.12bn | 0.71x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| CalPERS | 2026-03-31 | $67.5mm | 0.09x | 1.16x | 1.07x |
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 Fund III, L.P. 2023
- 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 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 805-5302326470. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.