Elephant Partners III, L.P.
Elephant · adviser of record: Jahd Management Company, LLC · 2019 vintage
Elephant Partners III, L.P. is a 2019 venture fund managed by Elephant, with $350mm raised (Form D, amount sold). It reported $673mm in gross assets at year-end 2025, 1.92x its size, its highest reported value.
- Latest value held
- $673mm year-end 2025
- Peak
- $673mm year-end 2025
- Fund size
- $350mm Form D, amount sold
- Held vs. size
- 1.92x peak 1.92x
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 | $673mm | 1.92x | +62% over 2 yrs |
| 2023 | $416mm | 1.19x | +5% |
| 2022 | $395mm | 1.13x | +18% |
| 2021 | $335mm | 0.96x | +2% |
| 2020 | $329mm | 0.94x | +1% |
| 2019 | $325mm | 0.93x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| StepStone Private Venture & Growth Fund | 2026-06-30 | $839k | 2.17x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Elephant
- Elephant Partners V, L.P. 2023
- Elephant Partners SPV-A, L.P. 2023
- Elephant Partners IV, L.P. 2021
- Elephant Partners 2019 SPV-A, L.P. 2019
- Elephant Partners 2019 SPV-B, L.P. 2019
- Elephant Partners II, L.P. 2017
- Elephant Partners SPV A, LLC 2016
- Elephant Partners I, L.P. 2014
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 805-7474502990. Data updated October 13, 2026.
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