TVC Capital III LP
TVC Capital · adviser of record: TVC Capital Management, LLC · 2014 vintage
TVC Capital III LP is a 2014 venture fund managed by TVC Capital, with $106mm raised (Form D, amount sold). It reported $161mm in gross assets at year-end 2025, 1.53x its size, against a peak of $249mm in 2021.
- Latest value held
- $161mm year-end 2025
- Peak
- $249mm year-end 2021
- Fund size
- $106mm Form D, amount sold
- Held vs. size
- 1.53x peak 2.36x
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 | $161mm | 1.53x | -6% over 2 yrs |
| 2023 | $171mm | 1.62x | -7% |
| 2022 | $184mm | 1.74x | -26% |
| 2021 | $249mm | 2.36x | +34% |
| 2020 | $186mm | 1.76x | -1% |
| 2019 | $188mm | 1.78x | +11% |
| 2018 | $169mm | 1.60x | +40% |
| 2017 | $120mm | 1.14x | +13% |
| 2016 | $106mm | 1.00x | -2% |
| 2015 | $109mm | 1.03x | -2% |
| 2014 | $111mm | 1.05x | – |
Other funds from TVC Capital
- TVC Capital IV LP 2018
- TVC Capital Partners IV LP 2018
- TVC Capital Partners III LP 2014
- TVC Capital II, LP 2011
- TVC Capital, LP 2011
- TVC Capital 12-4-0 Fund, LP 2011
- TVC Capital Partners II, LP 2011
- TVC Capital Partners, LP 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 805-9847506117. Data updated October 13, 2026.
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