Eclipse Fund III, LP
Eclipse · adviser of record: Eclipse Ventures, LLC · 2019 vintage
Eclipse Fund III, LP is a 2019 venture fund managed by Eclipse, with $500mm raised (Form D, amount sold). It reported $1.24bn in gross assets at year-end 2025, 2.48x its size, its highest reported value.
- Latest value held
- $1.24bn year-end 2025
- Peak
- $1.24bn year-end 2025
- Fund size
- $500mm Form D, amount sold
- Held vs. size
- 2.48x peak 2.48x
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 | $1.24bn | 2.48x | +49% over 2 yrs |
| 2023 | $831mm | 1.66x | -2% |
| 2022 | $852mm | 1.70x | -31% |
| 2021 | $1.23bn | 2.46x | +125% |
| 2020 | $545mm | 1.09x | +10% |
| 2019 | $495mm | 0.99x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Hamilton Lane Venture Capital & Growth Fund | 2026-06-30 | $1.8mm | 1.89x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Eclipse
- Eclipse Fund V, L.P. 2023
- Eclipse Early Growth Fund II LP 2023
- Eclipse SPV XIV LP 2023
- Eclipse Partners Fund V, L.P. 2023
- Eclipse SPV XVI LP 2023
- Eclipse SPV XV LP 2023
- Eclipse SPV XI LP 2022
- Eclipse SPV XIII LP 2022
- Eclipse SPV XII LP 2022
- Eclipse Early Growth Fund I LP 2021
- Eclipse Fund IV LP 2021
- Eclipse SPV VIII LP 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 805-8116416086. Data updated October 13, 2026.
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