Mayfield Select III, L.P.
Mayfield · adviser of record: Mayfield Fund, L.L.C., A Delaware Limited Liability Company · 2023 vintage
Mayfield Select III, L.P. is a 2023 venture fund managed by Mayfield, with $550mm raised (Form D, amount sold). It reported $558mm in gross assets at year-end 2025, 1.01x its size, its highest reported value.
- Latest value held
- $558mm year-end 2025
- Peak
- $558mm year-end 2025
- Fund size
- $550mm Form D, amount sold
- Held vs. size
- 1.01x peak 1.01x
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 | $558mm | 1.01x | +49% over 2 yrs |
| 2023 | $375mm | 0.68x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LACERS | 2025-12-31 | $15mm | 0.00x | 1.05x | 1.05x |
| Oregon PERS | 2025-12-31 | $25.3mm | 0.00x | 1.05x | 1.05x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Franklin Lexington Private Markets Fund | 2026-06-30 | $232k | – |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Mayfield
- Mayfield XVII, L.P. 2023
- Mayfield XVI, L.P. 2020
- Mayfield Select II, L.P. 2020
- MF Leaders H-E, L.P. 2020
- Mayfield XV, A Cayman Islands Exempted Limited Partnership 2016
- Mayfield Select, A Cayman Islands Exempted Limited Partnership 2016
- Mayfield XIV, A Cayman Islands Exempted Limited Partnership 2013
- Mayfield India II, LTD. 2012
- Mayfield XIII, A Cayman Islands Exempted Limited Partnership 2011
- Mayfield XII, L.P. 2011
- Mayfield XI Qualified, L.P. 2011
- Mayfield Principals Fund II, L.L.C. 2011
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 805-3855196626. Data updated October 13, 2026.
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