RA Capital Nexus III Fund, L.P.
RA Capital · adviser of record: RA Capital Management, LP · 2021 vintage
RA Capital Nexus III Fund, L.P. is a 2021 venture fund managed by RA Capital, with $881mm raised (Form D, amount sold). It reported $972mm in gross assets at year-end 2025, 1.10x its size, against a peak of $1.05bn in 2023.
- Latest value held
- $972mm year-end 2025
- Peak
- $1.05bn year-end 2023
- Fund size
- $881mm Form D, amount sold
- Held vs. size
- 1.10x peak 1.19x
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 | $972mm | 1.10x | -7% over 2 yrs |
| 2023 | $1.05bn | 1.19x | +19% |
| 2022 | $885mm | 1.00x | +1% |
| 2021 | $878mm | 1.00x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Aspiriant Capital Appreciation Fund | 2026-06-30 | $4.3mm | 1.80x |
| First Trust Private Assets Fund | 2026-06-30 | $209k | – |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from RA Capital
- RA Capital Planetary Health Fund, LP 2022
- RA Capital Nexus II Fund, L.P. 2020
- RA Capital Nexus Fund, 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 805-4817804283. Data updated October 13, 2026.
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