Phoenix Venture Partners III LP
Phoenix Venture Partners · adviser of record: Phoenix Venture Partners, LLC · 2019 vintage
Phoenix Venture Partners III LP is a 2019 venture fund managed by Phoenix Venture Partners, with $109mm raised (Form D, amount sold). It reported $81.9mm in gross assets at year-end 2025, 0.75x its size, against a peak of $118mm in 2020.
- Latest value held
- $81.9mm year-end 2025
- Peak
- $118mm year-end 2020
- Fund size
- $109mm Form D, amount sold
- Held vs. size
- 0.75x peak 1.09x
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 | $81.9mm | 0.75x | -13% over 2 yrs |
| 2023 | $94.5mm | 0.87x | -2% |
| 2022 | $96.6mm | 0.89x | -11% |
| 2021 | $109mm | 1.00x | -8% |
| 2020 | $118mm | 1.09x | +29% |
| 2019 | $91.5mm | 0.84x | – |
Other funds from Phoenix Venture Partners
All Phoenix Venture Partners funds
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 805-1582374802. Data updated October 13, 2026.
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