DFX Intelligence
Vision Plus Capital Fund III, L.P.
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
1 additional principal
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +10%reported GAV
Reported gross assets rose from $322M to $355M between the Form ADV filings of 22 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
- 2020basis: 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
- indefinitewhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the general partner the adviser swears for this fund, the filing's signer sitting on the adviser's roster, not sworn by the adviser (confidence 0.85); file 021-361269
- Form D sold
- $36.0Mas of the filing of Feb 25, 2020, 3 investors
- First sale
- Feb 13, 2020
- Reported GAV
- $355Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 33
- Reported on ADV
- Mar 29, 2021 to Mar 30, 2026
Fundraising evidenceWhat 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 2020-02-25, older than 15 months (fr-1)
evidence dated Feb 25, 2020.
LifecycleMature
vintage 4 to 7 years
age years: 6first sale: Feb 13, 2020vintage year: 2020adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $36.0Mform d offering: n/aform d latest filed at: Feb 25, 2020
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2021 | Venture Capital Fund | $66.1M | 33 | $1.0M | 10% | yes | |
| Mar 28, 2022 | Venture Capital Fund | $299M | 33 | $1.0M | 10% | yes | |
| Mar 28, 2023 | Venture Capital Fund | $322M | 33 | $1.0M | 10% | yes | |
| Mar 22, 2024 | Venture Capital Fund | $322M | 33 | $1.0M | 10% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $355M | 33 | $1.0M | 10% |
Principals and agents
4 principals on Form D, 0 placement agents
- Yongming Wu Director
- QI Wang Director
- Vision Plus Capital Management III Limited Promoter
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorEY · CAYMAN ISLANDS, Cayman IslandsForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorAlter Domus · HONG KONG, Hong KongForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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 allocatorsWhat 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 28, 2025Auditor changed: EY replaced PwC, first reported on the Form ADV filed March 28, 2025 (previous filing March 22, 2024)Auditor changed Fact Form ADV
- Mar 29, 2021Vision Plus Capital Fund III, L.P. first reported on Form ADV by Vision Plus Capital International Management II Limited (Venture Capital Fund), GAV $66,134,562Fund first reported on Form ADV Fact Form ADV
- Feb 25, 2020Vision Plus Capital Fund III, L.P. filed Form D: $36,000,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
17 observations
Every observation on this vehicle
- Entity type: Other Feb 25, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Feb 25, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 25, 2020 Fact Form D
- Amendment: false Feb 25, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Feb 25, 2020 Fact Form D
- Incorporated: withinFiveYears Feb 25, 2020 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Feb 25, 2020 Fact Form D
- Amount sold (Form D): $36.0M Feb 25, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Feb 25, 2020 Fact Form D
- First sale: 2020-02-13 Feb 25, 2020 Fact Form D
- Indefinite offering: true Feb 25, 2020 Fact Form D
- Investors (Form D): 3 Feb 25, 2020 Fact Form D
- Minimum investment (Form D): 0 Feb 25, 2020 Fact Form D
- Offering other type: Limited partnership interests Feb 25, 2020 Fact Form D
- Securities offered: pooled Feb 25, 2020 Fact Form D
- Office address: Feb 25, 2020 Fact Form D
- Year of incorporation: 2019 Feb 25, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Vision Plus Capital Fund 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.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2021-03-29source on record
- Form D filed2020-02-25source 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.