Work-Bench Ventures III, LP
Work-Bench · adviser of record: Work-Bench Management, LLC · 2020 vintage
Work-Bench Ventures III, LP is a 2020 venture fund managed by Work-Bench, with $100mm raised (Form D, amount sold). It reported $118mm in gross assets at year-end 2025, 1.18x its size, against a peak of $120mm in 2022.
- Latest value held
- $118mm year-end 2025
- Peak
- $120mm year-end 2022
- Fund size
- $100mm Form D, amount sold
- Held vs. size
- 1.18x peak 1.20x
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 | $118mm | 1.18x | +12% over 2 yrs |
| 2023 | $105mm | 1.05x | -12% |
| 2022 | $120mm | 1.20x | +8% |
| 2021 | $111mm | 1.11x | +99% |
| 2020 | $55.7mm | 0.56x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $15mm | 0.00x | 0.96x | 0.96x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Work-Bench
- Work-Bench Ventures Select Fund, LP 2022
- Work-Bench Kelethin, LLC 2019
- Work-Bench Quellious, LLC 2019
- Work-Bench Felwithe, LLC 2017
- Work-Bench Ventures II, LP 2016
- Work-Bench Ventures I, LLC 2016
- Work-Bench Ivy Holdings, LLC 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 805-9912819967. Data updated October 13, 2026.
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