Congruent Ventures III, L.P.
Congruent Ventures · adviser of record: Congruent Management, LLC · 2023 vintage
Congruent Ventures III, L.P. is a 2023 venture fund managed by Congruent Ventures, with $250mm raised (Form D, amount sold). It reported $264mm in gross assets at year-end 2025, 1.06x its size, against a peak of $275mm in 2023.
- Latest value held
- $264mm year-end 2025
- Peak
- $275mm year-end 2023
- Fund size
- $250mm Form D, amount sold
- Held vs. size
- 1.06x peak 1.10x
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 | $264mm | 1.06x | -4% over 2 yrs |
| 2023 | $275mm | 1.10x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| University of California | 2025-06-30 | $10mm | 0.00x | 0.75x | 0.75x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Congruent Ventures
- Congruent Cosine Fund I, L.P. 2023
- Congruent Cosine Fund II, LP 2023
- Congruent Opportunity Fund B, LLC 2022
- Congruent Continuity Fund I, LP 2021
- Congruent Opportunity Fund A, LLC 2021
- Congruent Ventures II, LP 2020
- 2040 Congruent CO-Investment Fund I, LP 2019
- Sip Congruent CO-Investment Fund I, LP 2019
- Shell Congruent CO-Investment Fund I, LP 2018
- Congruent Opportunity Fund I, LP 2017
- Congruent Ventures I, LP 2016
- Congruent Follow-On Fund I, LP - Direct Investment Class 2016
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 805-1323094622. Data updated October 13, 2026.
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