Bluecross Blueshield Venture Partners III, LLC
Sandbox Industries · adviser of record: Sandbox Holdings, LLC · 2015 vintage
Bluecross Blueshield Venture Partners III, LLC is a 2015 venture fund managed by Sandbox Industries, with $10mm raised (Form D, amount sold). It reported $457mm in gross assets at year-end 2025, 45.72x its size, against a peak of $584mm in 2021.
- Latest value held
- $457mm year-end 2025
- Peak
- $584mm year-end 2021
- Fund size
- $10mm Form D, amount sold
- Held vs. size
- 45.72x peak 58.37x
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 | $457mm | 45.72x | -13% over 2 yrs |
| 2023 | $527mm | 52.68x | +3% |
| 2022 | $512mm | 51.19x | -12% |
| 2021 | $584mm | 58.37x | +71% |
| 2020 | $342mm | 34.17x | +4% |
| 2019 | $328mm | 32.84x | +25% |
| 2018 | $263mm | 26.28x | +1% |
| 2017 | $260mm | 25.96x | +12% |
| 2016 | $231mm | 23.12x | +13% |
| 2015 | $204mm | 20.40x | – |
Other funds from Sandbox Industries
- Healthbox Europe I, L.P. 2012
- Bluecross Blueshield Venture Partners II, L.P. 2011
- Bluecross Blueshield Venture Partners, L.P. 2011
- Sandbox Advantage Fund, L.P. 2011
- Sandbox CO-Investment Fund I, L.P. 2011
- Sandbox Ventures, L.P. 2011
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 805-2644090608. Data updated October 13, 2026.
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