Blue Bear Capital Partners III, LP
Blue Bear Investment Group · adviser of record: Blue Bear Investment Group, LLC · 2022 vintage
Blue Bear Capital Partners III, LP is a 2022 venture fund managed by Blue Bear Investment Group, with $119mm raised (Form D, amount sold). It reported $135mm in gross assets at year-end 2025, 1.14x its size, its highest reported value.
- Latest value held
- $135mm year-end 2025
- Peak
- $135mm year-end 2025
- Fund size
- $119mm Form D, amount sold
- Held vs. size
- 1.14x peak 1.14x
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 | $135mm | 1.14x | +4% over 2 yrs |
| 2023 | $129mm | 1.09x | – |
Other funds from Blue Bear Investment Group
- Blue Bear Impact Extension Fund, LP 2023
- Blue Bear 2022 Coinvest Fund, LP 2022
- Blue Bear Capital Partners II, LP 2019
All Blue Bear Investment Group 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 805-6870278442. Data updated October 13, 2026.
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