DFX Intelligence
DBL Partners III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional LP reports and investments
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- +186%reported GAV
Reported gross assets rose from $542M to $1.55B between the Form ADV filings of 4 Dec 2024 and 26 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2014basis: 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
- $404Mwhat may be sold, not what was raised; file 021-229842, sworn by the adviser or filed under this vehicle
- Form D sold
- $404Mas of the filing of Jun 25, 2015, 128 investors
- First sale
- Dec 11, 2014
- Reported GAV
- $1.5Bon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 126
- Reported on ADV
- Feb 6, 2015 to Mar 26, 2026
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.Closed to new capital
Form D filed or amended 2015-06-25: the stated $403.9M offering reported fully sold (fr-1)
evidence dated Jun 25, 2015.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 12first sale: Dec 11, 2014vintage year: 2014adv gav as of: Mar 26, 2026vintage basis: Form d first saleform d sold: $404Mform d offering: $404Mform d latest filed at: Jun 25, 2015
The fund's own reporting through time
13 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Feb 6, 2015 | Venture Capital Fund | $360M | 108 | $1 | 1% | yes | |
| Mar 29, 2016 | Venture Capital Fund | $87.5M | 125 | $100,000 | 1% | yes | |
| Mar 9, 2017 | Venture Capital Fund | $109M | 126 | $100,000 | 1% | yes | |
| Mar 20, 2018 | Venture Capital Fund | $186M | 126 | $100,000 | 1% | yes | |
| Mar 27, 2019 | Venture Capital Fund | $426M | 126 | $100,000 | 1% | yes | |
| Apr 17, 2019 | Venture Capital Fund | $426M | 126 | $100,000 | 1% | yes | |
| Mar 19, 2020 | Venture Capital Fund | $478M | 126 | $100,000 | 1% | yes | |
| Mar 31, 2021 | Venture Capital Fund | $498M | 126 | $100,000 | 1% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $651M | 126 | $100,000 | 1% | yes | |
| Mar 27, 2023 | Venture Capital Fund | $600M | 126 | $100,000 | 1% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $542M | 126 | $100,000 | 1% | yes | |
| Dec 4, 2024 | Venture Capital Fund | $542M | 126 | $100,000 | 1% | yes | |
| Mar 26, 2026 | Venture Capital Fund | $1.5B | 126 | $100,000 | 1% |
Principals and agents
3 principals on Form D, 0 placement agents
- Ira Ehrenpreis Director
- DBL General Partner III, LLC Director
- Nancy Pfund Director
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN FRANCISCO, California, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · SAN FRANCISCO, California, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · SAN FRANCISCO, California, United StatesForm ADV filed Mar 26, 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.5 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Surdna Foundation Inc | FOUNDATION | $9.9M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| The Schmidt Family Foundation | FOUNDATION | $3.5M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Charles K Blandin Residuary Trust 30/15962 | FOUNDATION | $4.8M 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
- Jun 25, 2015DBL Partners III, L.P. filed Form D/A: $403,880,000 sold of $403,880,000, Venture Capital FundForm D filed Fact Form D
- Feb 6, 2015DBL Partners III, L.P. first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $359,979,798Fund first reported on Form ADV Fact Form ADV
- Jan 14, 2015DBL Partners III, L.P. filed Form D/A: $356,380,000 sold of $356,380,000, Venture Capital FundForm D filed Fact Form D
- Dec 10, 2014DBL Partners III, L.P. filed Form D: no sales yet of $300,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
46 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 25, 2015 Fact Form D
- Entity type: Limited Partnership Jan 14, 2015 Fact Form D
- Entity type: Limited Partnership Dec 10, 2014 Fact Form D
- Form D fund type: Venture Capital Fund Jun 25, 2015 Fact Form D
- Form D fund type: Venture Capital Fund Jan 14, 2015 Fact Form D
- Form D fund type: Venture Capital Fund Dec 10, 2014 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 25, 2015 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 14, 2015 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 10, 2014 Fact Form D
- Amendment: true Jun 25, 2015 Fact Form D
- Amendment: true Jan 14, 2015 Fact Form D
- Amendment: false Dec 10, 2014 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 25, 2015 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 14, 2015 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 10, 2014 Fact Form D
- Incorporated: withinFiveYears Jun 25, 2015 Fact Form D
- Incorporated: withinFiveYears Jan 14, 2015 Fact Form D
- Incorporated: yetToBeFormed Dec 10, 2014 Fact Form D
- Jurisdiction: Delaware Jun 25, 2015 Fact Form D
- Jurisdiction: Delaware Jan 14, 2015 Fact Form D
- Jurisdiction: Delaware Dec 10, 2014 Fact Form D
- Amount sold (Form D): $404M Jun 25, 2015 Fact Form D
- Amount sold (Form D): $356M Jan 14, 2015 Fact Form D
- Amount sold (Form D): $0 Dec 10, 2014 Fact Form D
- Offering amount (Form D): $404M Jun 25, 2015 Fact Form D
- Offering amount (Form D): $356M Jan 14, 2015 Fact Form D
- Offering amount (Form D): $300M Dec 10, 2014 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 25, 2015 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jan 14, 2015 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Dec 10, 2014 Fact Form D
- First sale: 2014-12-11 Jun 25, 2015 Fact Form D
- First sale: 2014-12-11 Jan 14, 2015 Fact Form D
- Investors (Form D): 128 Jun 25, 2015 Fact Form D
- Investors (Form D): 108 Jan 14, 2015 Fact Form D
- Investors (Form D): 0 Dec 10, 2014 Fact Form D
- Minimum investment (Form D): 0 Jun 25, 2015 Fact Form D
- Minimum investment (Form D): 0 Jan 14, 2015 Fact Form D
- Minimum investment (Form D): 0 Dec 10, 2014 Fact Form D
- Securities offered: pooled Jun 25, 2015 Fact Form D
- Securities offered: pooled Jan 14, 2015 Fact Form D
- Securities offered: pooled Dec 10, 2014 Fact Form D
- Office address: Jun 25, 2015 Fact Form D
- Office address: Jan 14, 2015 Fact Form D
- Office address: Dec 10, 2014 Fact Form D
- Year of incorporation: 2014 Jun 25, 2015 Fact Form D
- Year of incorporation: 2014 Jan 14, 2015 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
DBL Partners III, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
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
1 identity change, 5 dated events on the change ledger, latest event first
- Fund folded2026-09-14
- Fund first reported on ADV2022-03-31source on record
- Form D filed2015-06-25source on record
+3 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.