Builders VC Fund III, L.P.
4 additional principals
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 LP reportspublic disclosures
2 public LP reports name this vehicle; the latest, Los Angeles City Employees' Retirement System as of 31 Dec 2025, shows $20M committed and 0.87x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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 021-503661, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jan 26, 2024
- First sale
- unknown
- Reported GAV
- $54.1Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 27
- Reported on ADV
- unknown
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.Lifecycle
Unknown
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2026 | Venture Capital Fund | $54.1M | 27 | $250,000 | 2% |
Principals and agents
- Jocelyn Doe Director
- Mark Blackwell Director
- James Kim Director
Service providers
- 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).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2025 | $20.0M | Not disclosed | Not disclosed | $2.9M | not meaningful yet | 0.9x | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2024 | $20.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Jan 30, 2024 |
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.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | $60.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $20.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Mar 30, 2026Builders Vc Fund III, L.P. first reported on Form ADV by Builders Vc, LLC (Venture Capital Fund), GAV $54,050,149Fund first reported on Form ADV Inference Form ADV
- Dec 31, 2025LACERS reports Builders VC Fund III: $20,000,000 committed, vintage 2025LP commitment disclosed Fact Pension disclosure
- Jan 30, 2024LACERS commits $20,000,000 to Builders VC Fund III (Builders VC), closed 2024-01-30, existing relationshipLP commitment closed Fact Pension disclosure
- Jan 26, 2024Builders VC Fund III, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Jan 26, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Jan 26, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 26, 2024 Fact Form D
- Amendment: false Jan 26, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 26, 2024 Fact Form D
- Incorporated: withinFiveYears Jan 26, 2024 Fact Form D
- Jurisdiction: Delaware Jan 26, 2024 Fact Form D
- Amount sold (Form D): $0 Jan 26, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jan 26, 2024 Fact Form D
- Indefinite offering: true Jan 26, 2024 Fact Form D
- Investors (Form D): 0 Jan 26, 2024 Fact Form D
- Minimum investment (Form D): 0 Jan 26, 2024 Fact Form D
- Securities offered: pooled Jan 26, 2024 Fact Form D
- Office address: Jan 26, 2024 Fact Form D
- Year of incorporation: 2023 Jan 26, 2024 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 4 capital paths
Builders VC Fund III, L.P. is the same institution as 2 records in RIA and Wealth and Allocators.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Builders VC Fund III, L.P. sits on 4 traced paths of capital across the graphs.
DFX traced 4 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Fund first reported on ADV2026-03-30source on record
- LP commitment disclosed2025-12-31source on record
- LP commitment made2024-01-30source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.