Promus Ventures III, LP
Trove · adviser of record: Trove Management, LLC · 2018 vintage
Promus Ventures III, LP is a 2018 venture fund managed by Trove, with $75mm raised (Form D, amount sold). It reported $23.9mm in gross assets at year-end 2025, 0.32x its size, its highest reported value.
- Latest value held
- $23.9mm year-end 2025
- Peak
- $23.9mm year-end 2025
- Fund size
- $75mm Form D, amount sold
- Held vs. size
- 0.32x peak 0.32x
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 | $23.9mm | 0.32x | +8% over 2 yrs |
| 2023 | $22mm | 0.29x | -2% |
| 2022 | $22.6mm | 0.30x | +6% |
| 2021 | $21.4mm | 0.28x | +47% |
| 2020 | $14.6mm | 0.19x | -5% |
| 2019 | $15.4mm | 0.21x | – |
Other funds from Trove
- PV Whoop, LLC 2020
- Promus Ventures II, L.P. 2015
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 805-2872806739. Data updated October 13, 2026.
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