Harpoon Ventures Fund III, L.P.
Harpoon · adviser of record: Harpoon Management, LLC · 2020 vintage
Harpoon Ventures Fund III, L.P. is a 2020 venture fund managed by Harpoon, with $122mm raised (Form D, amount sold). It reported $184mm in gross assets at year-end 2025, 1.51x its size, its highest reported value.
- Latest value held
- $184mm year-end 2025
- Peak
- $184mm year-end 2025
- Fund size
- $122mm Form D, amount sold
- Held vs. size
- 1.51x peak 1.51x
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 | $184mm | 1.51x | +60% over 2 yrs |
| 2023 | $115mm | 0.94x | -11% |
| 2022 | $129mm | 1.06x | -4% |
| 2021 | $135mm | 1.10x | +38% |
| 2020 | $97.8mm | 0.80x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $10mm | 0.00x | 1.67x | 1.67x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Harpoon
- Harpoon Opportunities I, LP 2023
- Harpoon Astranis, LLC 2023
- Harpoon Ventures Fund IV, L.P. 2022
- Harpoon Ventures Fund II, L.P. 2018
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 805-1164362560. Data updated October 13, 2026.
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