Heritage Healthcare Innovation Fund III, LP
Heritage Group · adviser of record: HG Capital Management, LLC · 2019 vintage
Heritage Healthcare Innovation Fund III, LP is a 2019 venture fund managed by Heritage Group, with $307mm raised (Form D, amount sold). It reported $490mm in gross assets at year-end 2025, 1.60x its size, its highest reported value.
- Latest value held
- $490mm year-end 2025
- Peak
- $490mm year-end 2025
- Fund size
- $307mm Form D, amount sold
- Held vs. size
- 1.60x peak 1.60x
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 | $490mm | 1.60x | +17% over 2 yrs |
| 2023 | $417mm | 1.36x | +76% |
| 2022 | $237mm | 0.77x | -26% |
| 2021 | $320mm | 1.04x | +1% |
| 2020 | $317mm | 1.03x | +42% |
| 2019 | $224mm | 0.73x | – |
Other funds from Heritage Group
- Heritage Group Monogram Holdings, LP 2022
- Heritage Healthcare Innovation Fund II, LP 2014
- Heritage Healthcare Innovation Fund, LP 2011
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 805-4413633282. Data updated October 13, 2026.
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