DFX Intelligence
Bowery Capital III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -14%reported GAV
Reported gross assets fell from $62.7M to $54.1M between the Form ADV filings of 29 Feb 2024 and 1 Apr 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
- 2022basis: adv first reported
- 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
- $64.5Mwhat may be sold, not what was raised; file 021-387769, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jan 28, 2021
- First sale
- unknown
- Reported GAV
- $54.1Mon the Form ADV filed Apr 1, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 10
- Reported on ADV
- Mar 30, 2022 to Apr 1, 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.Unknown
latest Form D 2021-01-28, older than 15 months (fr-1)
evidence dated Jan 28, 2021.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Apr 1, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $64.5Mform d latest filed at: Jan 28, 2021
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Venture Capital Fund | $63.5M | 10 | 1% | yes | ||
| Feb 16, 2023 | Venture Capital Fund | $63.0M | 10 | 1% | yes | ||
| Feb 29, 2024 | Venture Capital Fund | $62.7M | 10 | 1% | yes | ||
| Apr 1, 2026 | Venture Capital Fund | $54.1M | 10 | 1% |
Principals and agents
1 principal on Form D, 0 placement agents
- Michael Brown Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · PALO ALTO, California, United StatesForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · DENVER, Colorado, United StatesForm ADV filed Apr 1, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Apr 1, 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.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
3 events
- Feb 16, 2023Auditor changed: Frank, Rimerman + Co. replaced RSM, first reported on the Form ADV filed February 16, 2023 (previous filing March 30, 2022)Auditor changed Fact Form ADV
- Mar 30, 2022Bowery Capital III, L.P. first reported on Form ADV by Bowery Capital (Venture Capital Fund), GAV $63,515,544Fund first reported on Form ADV Fact Form ADV
- Jan 28, 2021Bowery Capital III, L.P. filed Form D: no sales yet of $64,500,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 28, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Jan 28, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 28, 2021 Fact Form D
- Amendment: false Jan 28, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 28, 2021 Fact Form D
- Incorporated: withinFiveYears Jan 28, 2021 Fact Form D
- Jurisdiction: Delaware Jan 28, 2021 Fact Form D
- Amount sold (Form D): $0 Jan 28, 2021 Fact Form D
- Offering amount (Form D): $64.5M Jan 28, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jan 28, 2021 Fact Form D
- Investors (Form D): 0 Jan 28, 2021 Fact Form D
- Minimum investment (Form D): 0 Jan 28, 2021 Fact Form D
- Securities offered: pooled Jan 28, 2021 Fact Form D
- Office address: Jan 28, 2021 Fact Form D
- Year of incorporation: 2020 Jan 28, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Bowery Capital III, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-30source on record
- Form D filed2021-01-28source 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.