Ngen III LP
What matters now
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, Los Angeles City Employees' Retirement System as of 31 Dec 2025, shows $10M committed and net IRR -6.3%, 0.63x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- unknownwhat may be sold, not what was raised; file 021-121581, sworn by the adviser or filed under this vehicle
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $91.5Mon the Form ADV filed Mar 25, 2022; the fund's assets, never its size or dry powder
- Owners (ADV)
- 23
- Reported on ADV
- Mar 13, 2012 to Mar 25, 2022
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Lifecycle
Unknown
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 13, 2012 | Venture Capital Fund | $126M | 25 | $2.0M | 0% | yes | |
| Apr 24, 2014 | Venture Capital Fund | $126M | 25 | $2.0M | 0% | yes | |
| Jan 3, 2017 | Venture Capital Fund | $159M | 15 | $2.0M | 0% | yes | |
| Mar 23, 2018 | Venture Capital Fund | $163M | 23 | $1.0M | 0% | yes | |
| Mar 27, 2019 | Venture Capital Fund | $155M | 23 | $1.0M | 0% | yes | |
| Mar 23, 2020 | Venture Capital Fund | $155M | 23 | $1.0M | 0% | yes | |
| Mar 26, 2021 | Venture Capital Fund | $121M | 23 | $1.0M | 0% | yes | |
| Mar 25, 2022 | Venture Capital Fund | $91.5M | 23 | $1.0M | 0% | yes |
Principals and agents
Service providers
- AuditorMILLER & COMPANY, LLP · WHITESTONE, New York, United StatesForm ADV filed Mar 25, 2022 sec.gov
- AdministratorANDERSEN TAX LLC · NEW YORK, New York, United StatesForm ADV filed Mar 25, 2022 sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2008 | $10.0M | $11.5M | $7.2M | Not disclosed | -6.3% | 0.6x | Dec 31, 2025 |
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $10.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025LACERS reports NGEN III: $10,000,000 committed, vintage 2008, net IRR -6.3%, 0.63xLP commitment disclosed Fact Pension disclosure
- Jan 3, 2017Administrator changed: ANDERSEN TAX LLC replaced WTAS LLC, first reported on the Form ADV filed January 3, 2017 (previous filing April 24, 2014)Administrator changed Fact Form ADV
- Jan 3, 2017Auditor changed: MILLER & COMPANY, LLP replaced GRASSI & CO., first reported on the Form ADV filed January 3, 2017 (previous filing April 24, 2014)Auditor changed Fact Form ADV
- Mar 13, 2012Ngen III LP first reported on Form ADV by Ngen Mgt II, LLC (Venture Capital Fund), GAV $125,969,169Fund first reported on Form ADV Fact Form ADV
Evidence
Every observation on this vehicle
Relationships across DFX
on 2 other DFX graphs · 2 capital paths
Ngen III LP is the same institution as 2 records in RIA and Wealth and Allocators.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Ngen III LP sits on 2 traced paths of capital across the graphs.
DFX traced 2 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Fund folded2026-09-14
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2020-03-23source on record
+2 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.