Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Rethink Education III LP

Rethink Education III LP

MatureUnknownFundADV: Venture Capital FundRethink Capital Partners, LLCDelaware
Amounts, each with its basis
Vintage
2019basis: 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
$150Mwhat may be sold, not what was raised; file 021-337987, sworn by the adviser or filed under this vehicle
Form D sold
$121Mas of the filing of Sep 9, 2021, 48 investors
First sale
Apr 25, 2019
Reported GAV
$167Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
47
Reported on ADV
Mar 30, 2020 to Mar 29, 2024
Fundraising evidence
Unknown
latest Form D 2021-09-09, older than 15 months (fr-1)
evidence dated Sep 9, 2021. A 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
Mature
vintage 4 to 7 years
age years: 7first sale: 2019-04-25vintage year: $2,019adv gav as of: 2024-03-29vintage basis: form_d_first_saleform d sold usd: $121Mform d offering usd: $150Mform d latest filed at: 2021-09-09
The fund's own reporting through time
7 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 30, 2020Venture Capital Fund$76.9M
25$100,0000%yes
Mar 28, 2021Venture Capital Fund$110M
36$100,0002%yes
Mar 30, 2022Venture Capital Fund$161M
47$100,0002%yes
May 15, 2022Venture Capital Fund$161M
47$100,0002%yes
Oct 7, 2022Venture Capital Fund$161M
47$100,0002%yes
Mar 31, 2023Venture Capital Fund$155M
47$100,0002%yes
Mar 29, 2024Venture Capital Fund$167M
47$50,0002%yes
Principals and agents
4 principals on Form D, 2 placement agents
  • - Rethink Education Management, LLC Executive Officer
  • Matthew Greenfield Executive Officer
  • - Rethink Education III GP, LP Executive Officer
  • Richard Segal Executive Officer
  • Intellivest Securities, Inc. placement agent
  • Growth Capital Services, Inc. placement agent
Limited partners and their reported performance
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.
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
  1. Sep 10, 2021
    Rethink Education III, LP filed Form D/A: $120,500,000 sold of $150,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Sep 9, 2021
    Rethink Education III, LP filed Form D/A: $120,500,000 sold of $150,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Mar 30, 2020
    Rethink Education III LP first reported on Form ADV by Seavest Investment Group, LLC (Venture Capital Fund), GAV $76,884,000
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Apr 24, 2019
    Rethink Education III, LP filed Form D: no sales yet of $150,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
62 observations
Every observation on this vehicle