Truebridge Direct Fund III, L.P.
Truebridge Capital Partners · adviser of record: Truebridge Capital Partners LLC · 2019 vintage
Truebridge Direct Fund III, L.P. is a 2019 venture fund managed by Truebridge Capital Partners, with $190mm raised (Form D, amount sold). It reported $206mm in gross assets at year-end 2025, 1.08x its size, its highest reported value.
- Latest value held
- $206mm year-end 2025
- Peak
- $206mm year-end 2025
- Fund size
- $190mm Form D, amount sold
- Held vs. size
- 1.08x peak 1.08x
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 | $206mm | 1.08x | +11% over 2 yrs |
| 2023 | $185mm | 0.97x | +22% |
| 2022 | $152mm | 0.80x | +221% |
| 2021 | $47.4mm | 0.25x | – |
Other funds from Truebridge Capital Partners
- Truebridge Capital Venture Partners IV, LLC 2021
- DFT II Partners, LLC 2021
- DFT III Partners, LLC 2021
- DFT Partners, LLC 2021
- TB-Airtable, LLC 2020
- Harvest TB-ZR, LLC 2019
- Sozo Ventures - Truebridge Fund II, L.P. 2016
All Truebridge Capital 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 805-2468258127. Data updated October 13, 2026.
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