Vertical Venture Partners III, L.P.
Vertical Venture Partners · adviser of record: Vertical Venture Partners, LLC · 2021 vintage
Vertical Venture Partners III, L.P. is a 2021 venture fund managed by Vertical Venture Partners, with $90mm raised (Form D, amount sold). It reported $83.1mm in gross assets at year-end 2025, 0.92x its size, against a peak of $110mm in 2023.
- Latest value held
- $83.1mm year-end 2025
- Peak
- $110mm year-end 2023
- Fund size
- $90mm Form D, amount sold
- Held vs. size
- 0.92x peak 1.23x
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 | $83.1mm | 0.92x | -25% over 2 yrs |
| 2023 | $110mm | 1.23x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| University of California | 2025-06-30 | $2.5mm | 0.00x | 0.88x | 0.88x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Vertical Venture Partners
- VVP CO-Investment, LLC, Series MF 2023
- VVP CO-Investment, LLC, Series Affiliates I 2023
- VVP CO-Investment, LLC, Series B Concert 2023
- VVP CO-Investment, LLC, Series Affiliates II 2023
- VVP CO-Investment, LLC, Series Partners I 2023
- VVP Ignite, L.P. 2022
- Vertical Venture Partners Growth Fund II, L.P. 2021
- Vertical Venture Partners Growth Fund, L.P. 2019
- Vertical Venture Partners II, L.P. 2017
- VVP-Highlander Fund, L.P. 2017
- Vertical Venture Partners, L.P. 2013
All Vertical Venture 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 805-9125593804. Data updated October 13, 2026.
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