Firstmark Capital III, L.P.
FirstMark Capital · adviser of record: Firstmark Capital, LLC · 2013 vintage
Firstmark Capital III, L.P. is a 2013 venture fund managed by FirstMark Capital. It reported $620mm in gross assets at year-end 2025, against a peak of $1.15bn in 2021.
- Latest value held
- $620mm year-end 2025
- Peak
- $1.15bn year-end 2021
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $620mm | – | -17% over 2 yrs |
| 2023 | $743mm | – | -10% |
| 2022 | $829mm | – | -28% |
| 2021 | $1.15bn | – | +127% |
| 2020 | $505mm | – | +3% |
| 2019 | $489mm | – | +46% |
| 2018 | $335mm | – | +18% |
| 2017 | $284mm | – | +17% |
| 2016 | $242mm | – | +10% |
| 2015 | $221mm | – | -3% |
| 2014 | $228mm | – | +2% |
| 2013 | $223mm | – | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| Oklahoma Police | 2026-08-31 | $5mm | 0.62x | 2.87x | 2.25x |
| Michigan SMRS | 2025-12-31 | – | – | – | $27.1mm |
Latest report from each pension, as multiples of paid-in capital. Where a pension reports only the value it holds, that value is shown in dollars under Still held. Linked dates go to the pension’s report.
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Adams Street Venture & Growth Fund | 2026-06-30 | $6.1mm | 5.10x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from FirstMark Capital
- Firstmark Capital Of IV, L.P. 2022
- Firstmark Capital VI, L.P. 2022
- Firstmark Capital VI-F, L.P. 2022
- Firstmark Capital Of IV-F, L.P. 2022
- Firstmark Capital J1, L.P. 2021
- Firstmark Capital S2, L.P. 2021
- Firstmark Capital R1, LP 2020
- FMM R1, Limited Partnership 2020
- Firstmark Capital V, L.P. 2019
- Firstmark Capital Of III, L.P. 2019
- Firstmark Capital Of III-F, L.P. 2019
- Firstmark Capital V-F, L.P. 2019
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 805-3301933645. Data updated October 13, 2026.
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