The Hive III LLC
The Hive · adviser of record: Hive Group Management, LLC · 2017 vintage
The Hive III LLC is a 2017 venture fund managed by The Hive, with $10mm raised (Form D, amount sold). It reported $8.6mm in gross assets at year-end 2025, 0.86x its size, against a peak of $21.6mm in 2019.
- Latest value held
- $8.6mm year-end 2025
- Peak
- $21.6mm year-end 2019
- Fund size
- $10mm Form D, amount sold
- Held vs. size
- 0.86x peak 2.16x
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 | $8.6mm | 0.86x | -6% over 2 yrs |
| 2023 | $9.2mm | 0.91x | +222% |
| 2022 | $2.9mm | 0.28x | -73% |
| 2021 | $10.6mm | 1.06x | -45% |
| 2020 | $19.3mm | 1.92x | -11% |
| 2019 | $21.6mm | 2.16x | +46% |
| 2018 | $14.8mm | 1.48x | +99% |
| 2017 | $7.4mm | 0.74x | – |
Other funds from The Hive
- The Hive IV LLC 2020
- The Hive II LLC 2014
- Hive Holding LLC 2012
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 805-8679004865. Data updated October 13, 2026.
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