Otherwise Fund III, L.P.
Otherwise Fund · adviser of record: Otherwise Fund Management, LLC · 2021 vintage
Otherwise Fund III, L.P. is a 2021 venture fund managed by Otherwise Fund, with $26.3mm raised (Form D, amount sold). It reported $47.8mm in gross assets at year-end 2025, 1.82x its size, its highest reported value.
- Latest value held
- $47.8mm year-end 2025
- Peak
- $47.8mm year-end 2025
- Fund size
- $26.3mm Form D, amount sold
- Held vs. size
- 1.82x peak 1.82x
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 | $47.8mm | 1.82x | +91% over 2 yrs |
| 2023 | $25mm | 0.95x | -5% |
| 2022 | $26.3mm | 1.00x | -2% |
| 2021 | $26.9mm | 1.02x | – |
Other funds from Otherwise Fund
- Otherwise Fund IV, L.P. 2023
- Otherwise SPV Platform III, L.P. 2022
- OW VA Customer SPV, L.P. 2022
- OW FA LLC 2022
- OW Devant, LLC 2022
- Otherwise Founder SPV, L.P. 2021
- Otherwise Platform Fund II, L.P. 2020
- Otherwise SPV Platform II, L.P. 2020
- Otherwise SPV Platform Fund, L.P. 2019
- Otherwise RP SPV, L.P. 2019
- Otherwise Fund I, L.P. 2018
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 805-8300416674. Data updated October 13, 2026.
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