The Evolution Technology Fund III, L.P.
Evolution Equity Partners · adviser of record: Evolution Equity Partners LLC · 2022 vintage
The Evolution Technology Fund III, L.P. is a 2022 venture fund managed by Evolution Equity Partners, with $900mm raised (Form D, amount sold). It reported $1.38bn in gross assets at year-end 2025, 1.53x its size, its highest reported value.
- Latest value held
- $1.38bn year-end 2025
- Peak
- $1.38bn year-end 2025
- Fund size
- $900mm Form D, amount sold
- Held vs. size
- 1.53x peak 1.53x
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 | $1.38bn | 1.53x | +27% |
| 2024 archived filing | $1.08bn | 1.20x | +31% |
| 2023 | $828mm | 0.92x | +124% |
| 2022 | $370mm | 0.41x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| CPG Vintage Access Fund V, LLC | 2026-06-30 | $34.9mm | 1.31x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Evolution Equity Partners
- Evolution Holdings Investors LLC 2022
- Evolution Equity Affiliates I SCSP 2022
- The Evolution Technology Fund II SCSP 2021
- The Evolution Technology Fund SCSP 2021
All Evolution Equity 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 805-1103256564. Data updated October 13, 2026.
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