Galen CDX SPV III LLC
Galen Healthcare · adviser of record: Galen Healthcare Management, LLC · 2017 vintage
Galen CDX SPV III LLC is a 2017 venture fund managed by Galen Healthcare, with $1.2mm raised (Form D, amount sold). It reported $158k in gross assets at year-end 2025, 0.13x its size, against a peak of $31.7mm in 2020.
- Latest value held
- $158k year-end 2025
- Peak
- $31.7mm year-end 2020
- Fund size
- $1.2mm Form D, amount sold
- Held vs. size
- 0.13x peak 26.44x
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 | $158k | 0.13x | +0% over 2 yrs |
| 2023 | $158k | 0.13x | +0% |
| 2022 | $158k | 0.13x | -96% |
| 2021 | $3.6mm | 3.04x | -89% |
| 2020 | $31.7mm | 26.44x | +555% |
| 2019 | $4.8mm | 4.04x | +57% |
| 2018 | $3.1mm | 2.57x | +105% |
| 2017 | $1.5mm | 1.25x | – |
Other funds from Galen Healthcare
- Galen Partners VI Annex Fund, L.P. 2019
- Galen Evolve SPV LLC 2019
- Galen Partners VI, L.P. 2017
- Galen CDX SPV LLC 2017
- Galen CDX SPV II LLC 2017
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 805-1859186899. Data updated October 13, 2026.
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