M25 Fund III, L.P.
M25 Group · adviser of record: M25 Group, LLC · 2018 vintage
M25 Fund III, L.P. is a 2018 venture fund managed by M25 Group, with $16.6mm raised (Form D, amount sold). It reported $57.9mm in gross assets at year-end 2025, 3.48x its size, its highest reported value.
- Latest value held
- $57.9mm year-end 2025
- Peak
- $57.9mm year-end 2025
- Fund size
- $16.6mm Form D, amount sold
- Held vs. size
- 3.48x peak 3.48x
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 | $57.9mm | 3.48x | +82% over 2 yrs |
| 2023 | $31.8mm | 1.91x | +0% |
| 2022 | $31.8mm | 1.91x | +0% |
| 2021 | $31.8mm | 1.91x | +0% |
| 2020 | $31.8mm | 1.91x | +88% |
| 2019 | $16.9mm | 1.02x | +40% |
| 2018 | $12.1mm | 0.73x | – |
Other funds from M25 Group
- M25 Fund IV, L.P. 2022
- M25 Scriptdrop SPV 3 LLC 2019
- 2015 M25 Group Fund 1, LLC 2018
- 2016 M25 Group Fund 2, LLC 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 805-6874416206. Data updated October 13, 2026.
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