Pantera Venture Fund III LP
Pantera Capital · adviser of record: Pantera Advisors LLC · 2018 vintage
Pantera Venture Fund III LP is a 2018 venture fund managed by Pantera Capital, with $212mm raised (Form D, amount sold). It reported $534mm in gross assets at year-end 2025, 2.52x its size, against a peak of $1.44bn in 2023.
- Latest value held
- $534mm year-end 2025
- Peak
- $1.44bn year-end 2023
- Fund size
- $212mm Form D, amount sold
- Held vs. size
- 2.52x peak 6.82x
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 | $534mm | 2.52x | -44% |
| 2024 archived filing | $951mm | 4.49x | -34% |
| 2023 | $1.44bn | 6.82x | +20% |
| 2022 | $1.2bn | 5.69x | +6% |
| 2021 | $1.13bn | 5.35x | +571% |
| 2020 | $169mm | 0.80x | +10% |
| 2019 | $153mm | 0.72x | +45% |
| 2018 | $106mm | 0.50x | – |
Other funds from Pantera Capital
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 805-8320850481. Data updated October 13, 2026.
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