DFX Intelligence
The Social Entrepreneurs' Fund III LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -40%reported GAV
Reported gross assets fell from $26.5M to $15.8M between the Form ADV filings of 27 Mar 2024 and 25 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
- 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
- $50.0Mwhat may be sold, not what was raised; file 021-331307, sworn by the adviser or filed under this vehicle
- Form D sold
- $13.4Mas of the filing of Jan 24, 2020, 13 investors
- First sale
- Jan 24, 2019
- Reported GAV
- $15.8Mon the Form ADV filed Mar 25, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 18
- Reported on ADV
- Mar 11, 2023 to Mar 25, 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 2020-01-24, older than 15 months (fr-1)
evidence dated Jan 24, 2020.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 7first sale: Jan 24, 2019vintage year: 2019adv gav as of: Mar 25, 2026vintage basis: Form d first saleform d sold: $13.4Mform d offering: $50.0Mform d latest filed at: Jan 24, 2020
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 11, 2023 | Venture Capital Fund | $26.5M | 18 | $100,000 | 1% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $26.5M | 18 | $100,000 | 1% | yes | |
| Mar 25, 2026 | Venture Capital Fund | $15.8M | 18 | $100,000 | 1% |
Principals and agents
1 principal on Form D, 0 placement agents
- LIZ Luckett Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorBDO · CHICAGO, Illinois, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 25, 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
5 events
- Mar 25, 2026Auditor changed: BDO replaced CohnReznick, first reported on the Form ADV filed March 25, 2026 (previous filing March 26, 2025)Auditor changed Fact Form ADV
- Mar 27, 2024Administrator changed: Carta replaced ULTIMUS LEVERPOINT MANAGEMENT, LLC, first reported on the Form ADV filed March 27, 2024 (previous filing March 11, 2023)Administrator changed Fact Form ADV
- Mar 11, 2023The Social Entrepreneurs' Fund III LP first reported on Form ADV by Maycomb Ventures, LLC (Venture Capital Fund), GAV $26,464,646Fund first reported on Form ADV Fact Form ADV
- Jan 24, 2020Social Entrepreneurs' Fund III LP filed Form D/A: $13,450,000 sold of $50,000,000, Other Investment FundForm D filed Fact Form D
- Jan 24, 2019Social Entrepreneurs' Fund III LP filed Form D: no sales yet of $50,000,000, Other Investment FundForm D filed Fact Form D
Evidence
48 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact Form D
- Entity type: Limited Partnership Jan 24, 2020 Fact Form D
- Entity type: Limited Partnership Jan 24, 2019 Fact Form D
- Form D fund type: Other Investment Fund Fact Form D
- Form D fund type: Other Investment Fund Jan 24, 2020 Fact Form D
- Form D fund type: Other Investment Fund Jan 24, 2019 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Jan 24, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 24, 2019 Fact Form D
- Amendment: true Fact Form D
- Amendment: false Fact Form D
- Amendment: true Jan 24, 2020 Fact Form D
- Amendment: false Jan 24, 2019 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Jan 24, 2020 Fact Form D
- Incorporated: withinFiveYears Jan 24, 2019 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Jan 24, 2020 Fact Form D
- Jurisdiction: Delaware Jan 24, 2019 Fact Form D
- Amount sold (Form D): $13.4M Fact Form D
- Amount sold (Form D): $0 Fact Form D
- Amount sold (Form D): $13.4M Jan 24, 2020 Fact Form D
- Amount sold (Form D): $0 Jan 24, 2019 Fact Form D
- Offering amount (Form D): $50.0M Fact Form D
- Offering amount (Form D): $50.0M Jan 24, 2020 Fact Form D
- Offering amount (Form D): $50.0M Jan 24, 2019 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jan 24, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jan 24, 2019 Fact Form D
- First sale: 2019-01-24 Fact Form D
- First sale: 2019-01-24 Jan 24, 2020 Fact Form D
- Investors (Form D): 13 Fact Form D
- Investors (Form D): 0 Fact Form D
- Investors (Form D): 13 Jan 24, 2020 Fact Form D
- Investors (Form D): 0 Jan 24, 2019 Fact Form D
- Minimum investment (Form D): 1 Fact Form D
- Minimum investment (Form D): 1 Jan 24, 2020 Fact Form D
- Minimum investment (Form D): 1 Jan 24, 2019 Fact Form D
- Securities offered: Equity, pooled Fact Form D
- Securities offered: Equity, pooled Jan 24, 2020 Fact Form D
- Securities offered: Equity, pooled Jan 24, 2019 Fact Form D
- Office address: Fact Form D
- Office address: Jan 24, 2020 Fact Form D
- Office address: Jan 24, 2019 Fact Form D
- Year of incorporation: 2017 Fact Form D
- Year of incorporation: 2019 Fact Form D
- Year of incorporation: 2017 Jan 24, 2020 Fact Form D
- Year of incorporation: 2019 Jan 24, 2019 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
The Social Entrepreneurs' Fund 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
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-03-11source on record
- Form D filed2020-01-24source on record
- Form D filed2019-01-24source 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.