M33 Growth III L.P.
M33 Growth · adviser of record: M33 Growth LLC · 2022 vintage
M33 Growth III L.P. is a 2022 venture fund managed by M33 Growth, with $340mm raised (Form D, amount sold). It reported $451mm in gross assets at year-end 2025, 1.33x its size, its highest reported value.
- Latest value held
- $451mm year-end 2025
- Peak
- $451mm year-end 2025
- Fund size
- $340mm Form D, amount sold
- Held vs. size
- 1.33x peak 1.33x
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 | $451mm | 1.33x | +36% over 2 yrs |
| 2023 | $332mm | 0.98x | -2% |
| 2022 | $340mm | 1.00x | – |
Other funds from M33 Growth
- M33 Growth II L.P. 2019
- M33 Growth I 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 805-4869750418. Data updated October 13, 2026.
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