PVP Fund III, L.P.
Primary Venture Partners · adviser of record: Primary Venture Management, LLC · 2020 vintage
PVP Fund III, L.P. is a 2020 venture fund managed by Primary Venture Partners, with $116mm raised (Form D, amount sold). It reported $181mm in gross assets at year-end 2025, 1.56x its size, its highest reported value.
- Latest value held
- $181mm year-end 2025
- Peak
- $181mm year-end 2025
- Fund size
- $116mm Form D, amount sold
- Held vs. size
- 1.56x peak 1.56x
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 | $181mm | 1.56x | +40% over 2 yrs |
| 2023 | $130mm | 1.12x | +7% |
| 2022 | $122mm | 1.05x | +0% |
| 2021 | $122mm | 1.05x | +5% |
| 2020 | $116mm | 0.99x | – |
Other funds from Primary Venture Partners
- PVP Fund IV, L.P. 2022
- Primary Select Fund III, L.P. 2022
- PVP ZI SPV 2, LLC 2022
- Primary Select Fund II, L.P. 2021
- PVP ZI SPV, LLC 2021
- Primary Select Fund I, L.P. 2019
- PVP Fund I Barron SPV, LLC 2018
- PVP Fund II, LP 2017
- Arrive PVP, LLC 2017
- PVP Fund I-A, L.P. 2015
- High Peaks Ventures NY, L.P. 2011
- High Peaks Ventures, L.P. 2011
All Primary 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 805-5874000814. Data updated October 13, 2026.
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