DBL Partners III, L.P.
DBL Partners · adviser of record: DBL Management LLC · 2014 vintage
DBL Partners III, L.P. is a 2014 venture fund managed by DBL Partners, with $404mm raised (Form D, amount sold). It reported $1.55bn in gross assets at year-end 2025, 3.83x its size, its highest reported value.
- Latest value held
- $1.55bn year-end 2025
- Peak
- $1.55bn year-end 2025
- Fund size
- $404mm Form D, amount sold
- Held vs. size
- 3.83x peak 3.83x
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 | $1.55bn | 3.83x | +186% over 2 yrs |
| 2023 | $542mm | 1.34x | -10% |
| 2022 | $600mm | 1.49x | -8% |
| 2021 | $651mm | 1.61x | +31% |
| 2020 | $498mm | 1.23x | +4% |
| 2019 | $478mm | 1.18x | +12% |
| 2018 | $426mm | 1.05x | +129% |
| 2017 | $186mm | 0.46x | +70% |
| 2016 | $109mm | 0.27x | +25% |
| 2015 | $87.5mm | 0.22x | -76% |
| 2014 | $360mm | 0.89x | – |
Other funds from DBL Partners
- DBL Partners Tiab 2022, LP 2022
- DBL Partners IV, LP 2020
- DBL Partners Tiab 2020, LP 2020
- DBL Partners Tiab 2018, LP 2018
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 805-5047541444. Data updated October 13, 2026.
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