HLVP III, L.P.
Third Kind Venture Capital · adviser of record: Third Kind Venture Capital, LLC · 2016 vintage
HLVP III, L.P. is a 2016 venture fund managed by Third Kind Venture Capital, with $25mm raised (first report). It reported $42.3mm in gross assets at year-end 2025, 1.69x its size, against a peak of $90.4mm in 2021.
- Latest value held
- $42.3mm year-end 2025
- Peak
- $90.4mm year-end 2021
- Fund size
- $25mm first report
- Held vs. size
- 1.69x peak 3.62x
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 | $42.3mm | 1.69x | -11% over 2 yrs |
| 2023 | $47.6mm | 1.90x | -26% |
| 2022 | $63.9mm | 2.56x | -29% |
| 2021 | $90.4mm | 3.62x | +96% |
| 2020 | $46.1mm | 1.84x | -18% |
| 2019 | $56.4mm | 2.26x | +30% |
| 2018 | $43.5mm | 1.74x | +8% |
| 2017 | $40.3mm | 1.61x | +13% |
| 2016 | $35.8mm | 1.43x | – |
Other funds from Third Kind Venture Capital
- Third Kind Venture Capital III, L.P. 2020
- Third Kind Venture Capital II, L.P. 2018
- HLVP II, L.P. 2016
- HLVP I, L.P. 2016
- Third Kind Venture Capital I, L.P. 2016
- HLVP Follow On Fund, L.P. 2016
All Third Kind Venture 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 805-1196984564. Data updated October 13, 2026.
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