Mercury Fund III, L.P.
Mercury Fund · adviser of record: Mercury Partners Management, LLC · 2013 vintage
Mercury Fund III, L.P. is a 2013 venture fund managed by Mercury Fund, with $97.4mm raised (Form D, amount sold). It reported $128mm in gross assets at year-end 2025, 1.32x its size, against a peak of $172mm in 2021.
- Latest value held
- $128mm year-end 2025
- Peak
- $172mm year-end 2021
- Fund size
- $97.4mm Form D, amount sold
- Held vs. size
- 1.32x peak 1.76x
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 | $128mm | 1.32x | -4% over 2 yrs |
| 2023 | $133mm | 1.37x | -7% |
| 2022 | $144mm | 1.47x | -16% |
| 2021 | $172mm | 1.76x | +36% |
| 2020 | $127mm | 1.30x | +10% |
| 2019 | $115mm | 1.18x | -10% |
| 2018 | $128mm | 1.31x | +28% |
| 2017 | $99.5mm | 1.02x | +36% |
| 2016 | $72.9mm | 0.75x | +73% |
| 2015 | $42.1mm | 0.43x | +161% |
| 2014 | $16.1mm | 0.17x | +203% |
| 2013 | $5.3mm | 0.05x | – |
Other funds from Mercury Fund
- Mercury Fund V, LP 2022
- Mercury Fund IV, LP 2018
- DFJ Mercury II, L.P. 2011
- Draper Fisher Jurvetson Mercury Venture Partners, L.P. 2011
- DFJ Mercury Silverstone Fund, LP 2011
- DFJ Mercury I Annex Fund, L.P. 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 805-7571172139. Data updated October 13, 2026.
Is this your fund?
Spot an error and email a correction. Facing DPI pressure? See how distribution financing works.