Goodwater Capital III, L.P.
Goodwater Capital · adviser of record: Goodwater Capital, LLC · 2018 vintage
Goodwater Capital III, L.P. is a 2018 venture fund managed by Goodwater Capital, with $350mm raised (Form D, amount sold). It reported $416mm in gross assets at year-end 2025, 1.19x its size, against a peak of $675mm in 2021.
- Latest value held
- $416mm year-end 2025
- Peak
- $675mm year-end 2021
- Fund size
- $350mm Form D, amount sold
- Held vs. size
- 1.19x peak 1.93x
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 | $416mm | 1.19x | +17% over 2 yrs |
| 2023 | $354mm | 1.01x | -38% |
| 2022 | $572mm | 1.64x | -15% |
| 2021 | $675mm | 1.93x | +83% |
| 2020 | $369mm | 1.05x | +5% |
| 2019 | $353mm | 1.01x | +0% |
| 2018 | $351mm | 1.00x | – |
Other funds from Goodwater Capital
- Springblue B-III SPV (Z), L.P. 2023
- Goodwater Infinity III, L.P. 2022
- Springblue B-III, L.P. 2022
- Goodwater Taehwa, L.P. 2022
- Goodwater Infinity II, L.P. 2021
- Goodwater Capital IV, L.P. 2021
- Springblue B, L.P. 2021
- Beyond SPV I, L.P. 2021
- Springblue A, L.P. 2021
- Goodwater Infinity I-F, L.P. 2020
- Goodwater Seneca, L.P. 2020
- Goodwater Infinity I, 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 805-9031450104. Data updated October 13, 2026.
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