Fraser Mccombs Ventures III LP
Fraser Mccombs Capital · adviser of record: Fraser Mccombs Capital Management LLC · 2020 vintage
Fraser Mccombs Ventures III LP is a 2020 venture fund managed by Fraser Mccombs Capital, with $39mm raised (Form D, amount sold). It reported $215mm in gross assets at year-end 2025, 5.52x its size, its highest reported value.
- Latest value held
- $215mm year-end 2025
- Peak
- $215mm year-end 2025
- Fund size
- $39mm Form D, amount sold
- Held vs. size
- 5.52x peak 5.52x
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 | $215mm | 5.52x | +16% over 2 yrs |
| 2023 | $185mm | 4.76x | -1% |
| 2022 | $188mm | 4.82x | – |
Other funds from Fraser Mccombs Capital
- FM Ventures IV LP 2023
- FM Capital SPV D, LP 2022
- FM Capital SPV E, LP 2022
- FM Capital SPV C, LP 2022
- FM Capital GTK, LP 2022
- FM Capital SPV B, LP 2022
- FM Capital SPV A, LP 2022
- Fraser Mccombs Ventures II LP 2015
All Fraser Mccombs Capital funds
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 805-2371023420. Data updated October 13, 2026.
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