Soma Capital Fund III, L.P.
Soma Capital · adviser of record: Soma Capital Management LLC · 2019 vintage
Soma Capital Fund III, L.P. is a 2019 venture fund managed by Soma Capital, with $413mm raised (Form D, amount sold). It reported $550mm in gross assets at year-end 2025, 1.33x its size, its highest reported value.
- Latest value held
- $550mm year-end 2025
- Peak
- $550mm year-end 2025
- Fund size
- $413mm Form D, amount sold
- Held vs. size
- 1.33x peak 1.33x
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 | $550mm | 1.33x | +191% over 2 yrs |
| 2023 | $189mm | 0.46x | -57% |
| 2022 | $434mm | 1.05x | +268% |
| 2021 | $118mm | 0.29x | -31% |
| 2020 | $171mm | 0.41x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| University of California | 2025-06-30 | $5.5mm | 0.00x | 1.00x | 1.00x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Soma Capital
- Soma Capital Fund IV, LP 2023
- Soma Opportunity Fund I, LP 2022
- Soma Capital Jeeves SPV-2, LP 2022
- Soma Capital Workstream SPV, LP 2022
- Soma Capital X1 SPV, LP 2022
- Soma Capital Yummy SPV, LP 2022
- Soma Capital Bluecargo SPV, LP 2022
- Soma Capital Flatfile SPV, LP 2022
- Soma Capital Vahan SPV, LP 2022
- Soma Capital Jeeves SPV, LP 2021
- Soma Capital Bolt SPV-2, LP 2021
- Soma Capital Rappi SPV, LP 2021
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 805-1186603811. Data updated October 13, 2026.
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