Third Prime Alpha Fund II, LP
Third Prime · adviser of record: Third Prime Capital Management L.P. · 2018 vintage
Third Prime Alpha Fund II, LP is a 2018 venture fund managed by Third Prime, with $35.5mm raised (Form D, amount sold). It reported $85.4mm in gross assets at year-end 2025, 2.40x its size, its highest reported value.
- Latest value held
- $85.4mm year-end 2025
- Peak
- $85.4mm year-end 2025
- Fund size
- $35.5mm Form D, amount sold
- Held vs. size
- 2.40x peak 2.40x
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 | $85.4mm | 2.40x | +3% over 2 yrs |
| 2023 | $83mm | 2.33x | +3% |
| 2022 | $80.2mm | 2.26x | +14% |
| 2021 | $70.2mm | 1.97x | +44% |
| 2020 | $48.8mm | 1.37x | +18% |
| 2019 | $41.4mm | 1.17x | +76% |
| 2018 | $23.5mm | 0.66x | – |
Other funds from Third Prime
- Third Prime Crypto Fund LP 2021
- The Midnight, A Third Prime Series LLC 2021
- Third Prime Series Investments LLC 2019
- Third Prime Alpha Fund, LP 2016
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 805-1796473020. Data updated October 13, 2026.
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