BASE10 Partners III, L.P.
Base10 Partners · adviser of record: BASE10 Partners Management LLC · 2021 vintage
BASE10 Partners III, L.P. is a 2021 venture fund managed by Base10 Partners, with $450mm raised (Form D, amount sold). It reported $434mm in gross assets at year-end 2025, 0.96x its size, its highest reported value.
- Latest value held
- $434mm year-end 2025
- Peak
- $434mm year-end 2025
- Fund size
- $450mm Form D, amount sold
- Held vs. size
- 0.96x 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 | $434mm | 0.96x | +236% over 2 yrs |
| 2023 | $129mm | 0.29x | +93% |
| 2022 | $66.8mm | 0.15x | -83% |
| 2021 | $400mm | 0.89x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| CalPERS | 2026-03-31 | $50mm | 0.00x | 1.07x | 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 Base10 Partners
- BASE10 Moego I, LP 2023
- BASE10 Advancement Initiative II LP 2022
- Global Opportunity Fund I, LP 2022
- BASE10 Advancement Initiative IH I LP 2022
- BASE10 Advancement Initiative Oyster I LP 2022
- Ondemandstaffing Investments, LLC 2022
- BASE10 Nowports I LLC 2022
- BASE10 Nowports II LP 2022
- BASE10 Advancement Initiative I, L.P. 2021
- BASE10 Wonolo Coinvest I LLC 2021
- BASE10 TPC Coinvest I LLC 2021
- BASE10 Partners Adk I LLC 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 805-4709895870. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.