True Ventures Select III, L.P.
True Ventures · adviser of record: True Venture Management, L.L.C. · 2018 vintage
True Ventures Select III, L.P. is a 2018 venture fund managed by True Ventures, with $325mm raised (Form D, amount sold). It reported $239mm in gross assets at year-end 2025, 0.73x its size, against a peak of $310mm in 2019.
- Latest value held
- $239mm year-end 2025
- Peak
- $310mm year-end 2019
- Fund size
- $325mm Form D, amount sold
- Held vs. size
- 0.73x peak 0.95x
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 | $239mm | 0.73x | +30% over 2 yrs |
| 2023 | $184mm | 0.57x | -5% |
| 2022 | $193mm | 0.59x | -28% |
| 2021 | $267mm | 0.82x | +7% |
| 2020 | $250mm | 0.77x | -19% |
| 2019 | $310mm | 0.95x | +8% |
| 2018 | $288mm | 0.89x | – |
Other funds from True Ventures
- True Ventures VIII, L.P. 2022
- True Ventures VII, L.P. 2020
- True Ventures Select IV, L.P. 2020
- True Ventures VI, L.P. 2018
- True Ventures Select II, L.P. 2016
- True Ventures V, L.P. 2015
- True Ventures Select I, L.P. 2015
- True Ventures IV, L.P. 2014
- True Ventures SPV I, L.P. 2014
- True Ventures III, L.P. 2011
- True Ventures II, L.P. 2011
- True Ventures I, L.P. 2011
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 805-8443916944. Data updated October 13, 2026.
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