Yantacaw Capital
Venture fund · from SEC filings

Stage One Venture Capital Fund III, L.P.

Stage One II Capital · adviser of record: Stage One II Capital Management LTD. · 2017 vintage

Stage One Venture Capital Fund III, L.P. is a 2017 venture fund managed by Stage One II Capital, with $110mm raised (Form D, amount sold). It reported $92.1mm in gross assets at year-end 2023, 0.84x its size, against a peak of $119mm in 2021.

Latest value held
$92.1mm year-end 2023
Peak
$119mm year-end 2021
Fund size
$110mm Form D, amount sold
Held vs. size
0.84x peak 1.08x

Value held by year-end

$25mm$50mm$75mm$100mm$125mm201820192020202120222023

Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker

Year-endGross assets÷ sizeChange
2023$92.1mm0.84x-14%
2022$107mm0.97x-10%
2021$119mm1.08x+9%
2020$109mm0.99x+0%
2019$109mm0.99x+1%
2018$108mm0.98x–

Other funds from Stage One II Capital

All Stage One II Capital 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 805-5326033062. Data updated October 13, 2026.

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