Latitude III, L.P.
Phoenix Court Group · adviser of record: Phoenix Court Fund Management Limited · 2022 vintage
Latitude III, L.P. is a 2022 venture fund managed by Phoenix Court Group, with $321mm raised (Form D, amount sold). It reported $185mm in gross assets at year-end 2025, 0.58x its size, against a peak of $216mm in 2023.
- Latest value held
- $185mm year-end 2025
- Peak
- $216mm year-end 2023
- Fund size
- $321mm Form D, amount sold
- Held vs. size
- 0.58x peak 0.67x
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 | $185mm | 0.58x | -14% over 2 yrs |
| 2023 | $216mm | 0.67x | +603% |
| 2022 | $30.8mm | 0.10x | – |
Other funds from Phoenix Court Group
- Solar I CO-Invest L.P. 2023
- Localglobe XII, L.P. 2022
- Local Globe VII, L.P. 2022
- Latitude X, L.P. 2022
- Solar Fund I, L.P. 2022
- Basecamp LP 2022
- Latitude II, L.P. 2020
- Localglobe XI, L.P. 2020
- Localglobe Opportunity, L.P. 2020
- Latitude, L.P. 2018
- Localglobe X, L.P. 2018
- Localglobe VIII, L.P. 2016
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 805-7068782415. Data updated October 13, 2026.
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