DFX Intelligence
Activate Capital Partners III, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
4 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days. Last change: 1 Oct 2025, Latest Form D filed on 1 Oct 2025: $186M sold of $500M offered, 24 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2024basis: form d first sale
- 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
- $500Mwhat may be sold, not what was raised; file 021-525548, sworn by the adviser or filed under this vehicle
- Form D sold
- $186Mas of the filing of Oct 1, 2025, 24 investors
- First sale
- Oct 2, 2024
- Reported GAV
- $343Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 27
- Reported on ADV
- unknown
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.Active offering evidence
Form D filed or amended 2025-10-01: sold $186.5M of a stated $500.0M offering (fr-1)
evidence dated Oct 1, 2025.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Oct 2, 2024vintage year: 2024adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $186Mform d offering: $500Mform d latest filed at: Oct 1, 2025
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2026 | Venture Capital Fund | $343M | 27 | $5.0M | 2% |
Principals and agents
3 principals on Form D, 2 placement agents
- Rajesh Atluru Executive Officer/Promoter
- David Lincoln Executive Officer/Promoter
- Anup Jacob Executive Officer/Promoter
- TAG Advisors Limited placement agent
- Brooklands Capital Strategies Bd, LP placement agent
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorKPMG · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorGEN 2 · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.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).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
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.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| The Monarch Charitable Foundation | FOUNDATION | $303,656 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
4 events
- Mar 31, 2026Activate Capital Partners III, LP first reported on Form ADV by Activate Capital Partners (Venture Capital Fund), GAV $343,437,103Fund first reported on Form ADV Inference Form ADV
- Oct 1, 2025Activate Capital Partners III, LP filed Form D/A: $186,477,200 sold of $500,000,000, Venture Capital FundForm D filed Fact Form D
- Oct 1, 2024Activate Capital Partners filed the first Form D for Activate Capital Partners III, LP (fund 3), its next fund after Activate Capital Partners II, LP (vintage 2021); offering $500.0MFund next filed Inference
- Oct 1, 2024Activate Capital Partners III, LP filed Form D: no sales yet of $500,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 1, 2025 Fact Form D
- Entity type: Limited Partnership Oct 1, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Oct 1, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Oct 1, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 1, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 1, 2024 Fact Form D
- Amendment: true Oct 1, 2025 Fact Form D
- Amendment: false Oct 1, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 1, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 1, 2024 Fact Form D
- Incorporated: withinFiveYears Oct 1, 2025 Fact Form D
- Incorporated: withinFiveYears Oct 1, 2024 Fact Form D
- Jurisdiction: Delaware Oct 1, 2025 Fact Form D
- Jurisdiction: Delaware Oct 1, 2024 Fact Form D
- Amount sold (Form D): $186M Oct 1, 2025 Fact Form D
- Amount sold (Form D): $0 Oct 1, 2024 Fact Form D
- Offering amount (Form D): $500M Oct 1, 2025 Fact Form D
- Offering amount (Form D): $500M Oct 1, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Oct 1, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Oct 1, 2024 Fact Form D
- First sale: 2024-10-02 Oct 1, 2025 Fact Form D
- Investors (Form D): 24 Oct 1, 2025 Fact Form D
- Investors (Form D): 0 Oct 1, 2024 Fact Form D
- Minimum investment (Form D): 0 Oct 1, 2025 Fact Form D
- Minimum investment (Form D): 0 Oct 1, 2024 Fact Form D
- Securities offered: Equity, pooled Oct 1, 2025 Fact Form D
- Securities offered: Equity, pooled Oct 1, 2024 Fact Form D
- Office address: Oct 1, 2025 Fact Form D
- Office address: Oct 1, 2024 Fact Form D
- Year of incorporation: 2023 Oct 1, 2025 Fact Form D
- Year of incorporation: 2023 Oct 1, 2024 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Activate Capital Partners III, LP is the same institution as 2 records in RIA and Wealth and Allocators.
RIA and Wealth1Allocators1
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…
Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2026-03-31source on record
- Form D filed2025-10-01source on record
- Form D filed2024-10-01source on record
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.