DFX Intelligence
Rivet Health Spv III, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital FundSingle-purpose vehicle
A single-purpose vehicle, usually formed for one deal.
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -97%reported GAV
Reported gross assets fell from $3.86M to $111K between the Form ADV filings of 28 Mar 2024 and 30 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
- 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
- indefinitewhat may be sold, not what was raised; file 021-426473, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Dec 23, 2021
- First sale
- unknown
- Reported GAV
- $111,161on the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 3
- Reported on ADV
- Mar 31, 2022 to Mar 30, 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 2021-12-23, older than 15 months (fr-1)
evidence dated Dec 23, 2021.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Mar 30, 2026vintage basis: ADV first reportedform d sold: $0form d offering: n/aform d latest filed at: Dec 23, 2021
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $8.7M | 3 | 0% | yes | ||
| Mar 29, 2023 | Venture Capital Fund | $4.0M | 3 | 0% | yes | ||
| Mar 28, 2024 | Venture Capital Fund | $3.9M | 3 | 0% | yes | ||
| Mar 30, 2026 | Venture Capital Fund | $111,161 | 3 | 0% |
Principals and agents
3 principals on Form D, 0 placement agents
- Jim Kim Executive Officer
- Builders VC, LLC Executive Officer
- Rivet Health SPV GP III, LLC Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · PALO ALTO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · DALLAS, Texas, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 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
- Mar 31, 2025Custodian changed: First Citizens Bank replaced First Republic Bank, first reported on the Form ADV filed March 31, 2025 (previous filing March 28, 2024)Custodian changed Fact Form ADV
- Mar 31, 2022Rivet Health Spv III, LP first reported on Form ADV by Builders Vc, LLC (Venture Capital Fund), GAV $8,739,523Fund first reported on Form ADV Fact Form ADV
- Dec 23, 2021Rivet Health SPV III, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Dec 23, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Dec 23, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 23, 2021 Fact Form D
- Amendment: false Dec 23, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 23, 2021 Fact Form D
- Incorporated: withinFiveYears Dec 23, 2021 Fact Form D
- Jurisdiction: Delaware Dec 23, 2021 Fact Form D
- Amount sold (Form D): $0 Dec 23, 2021 Fact Form D
- Exemptions: 06b, 3C.7 Dec 23, 2021 Fact Form D
- Indefinite offering: true Dec 23, 2021 Fact Form D
- Investors (Form D): 0 Dec 23, 2021 Fact Form D
- Minimum investment (Form D): 0 Dec 23, 2021 Fact Form D
- Securities offered: Equity, pooled Dec 23, 2021 Fact Form D
- Office address: Dec 23, 2021 Fact Form D
- Year of incorporation: 2021 Dec 23, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Rivet Health Spv III, LP 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 ADV2022-03-31source on record
- Form D filed2021-12-23source 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.