Innovation Endeavors III LP
Innovation Endeavors · adviser of record: Innovation Endeavors III Advisers LLC · 2017 vintage
Innovation Endeavors III LP is a 2017 venture fund managed by Innovation Endeavors, with $334mm raised (Form D, amount sold). It reported $382mm in gross assets at year-end 2025, 1.15x its size, against a peak of $1.17bn in 2021.
- Latest value held
- $382mm year-end 2025
- Peak
- $1.17bn year-end 2021
- Fund size
- $334mm Form D, amount sold
- Held vs. size
- 1.15x peak 3.50x
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 | $382mm | 1.15x | -60% over 2 yrs |
| 2023 | $961mm | 2.88x | -15% |
| 2022 | $1.13bn | 3.38x | -4% |
| 2021 | $1.17bn | 3.50x | +286% |
| 2020 | $303mm | 0.91x | +44% |
| 2019 | $209mm | 0.63x | +374% |
| 2018 | $44.2mm | 0.13x | -75% |
| 2017 | $178mm | 0.53x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $5mm | 0.00x | 1.18x | 1.18x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Innovation Endeavors
- Innovation Endeavors ET SPV LP 2021
- Innovation Endeavors IV LP 2020
- IE III-As LP 2018
- IE III-As (De) LP 2018
- Innovation Endeavors II, L.P. 2013
- Innovation Endeavors, LLC 2013
All Innovation Endeavors 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 805-8779783895. Data updated October 13, 2026.
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