DFX Intelligence
The Evolution Technology Fund III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
6 additional principals, 4 additional placement agents
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
- +67%reported GAV
Reported gross assets rose from $828M to $1.38B between the Form ADV filings of 25 Jun 2024 and 31 Jul 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: 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
- $900Mwhat may be sold, not what was raised; file 021-447969, sworn by the adviser or filed under this vehicle
- Form D sold
- $900Mas of the filing of Apr 18, 2024, 1,101 investors
- First sale
- Jun 3, 2022
- Reported GAV
- $1.4Bon the Form ADV filed Jul 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 1100
- Reported on ADV
- Mar 21, 2023 to Jul 31, 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.
Closed to new capital
Form D filed or amended 2024-04-18: the stated $899.8M offering reported fully sold (fr-1)
evidence dated Apr 18, 2024.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: Jun 3, 2022vintage year: 2022adv gav as of: Jul 31, 2026vintage basis: Form d first saleform d sold: $900Mform d offering: $900Mform d latest filed at: Apr 18, 2024
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 21, 2023 | Venture Capital Fund | $370M | 400 | 0% | yes | ||
| Mar 18, 2024 | Venture Capital Fund | $796M | 1063 | 2% | yes | ||
| Apr 17, 2024 | Venture Capital Fund | $796M | 1063 | 2% | yes | ||
| Jun 25, 2024 | Venture Capital Fund | $828M | 1100 | 2% | yes | ||
| Jul 31, 2026 | Venture Capital Fund | $1.4B | 1100 | 2% |
Principals and agents
9 principals on Form D, 3 placement agents
- Taher Elgamal Executive Officer
- Karthik Subramanian Executive Officer
- J.R. Smith Executive Officer
- Jefferies LLC placement agent
- Morgan Stanley Smith Barney LLC placement agent
Show all 6principals, then placement agents
- Taher Elgamal Executive Officer
- Karthik Subramanian Executive Officer
- J.R. Smith Executive Officer
- Jefferies LLC placement agent
- Morgan Stanley Smith Barney LLC placement agent
- Stifel, Nicolaus & Company, Incorporated placement agent
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed Jul 31, 2026 reports.adviserinfo.sec.gov
- AdministratorGen II Fund Services · NEW YORK, New York, United StatesForm ADV filed Jul 31, 2026 reports.adviserinfo.sec.gov
- CustodianMorgan Stanley · NEW YORK, New York, United StatesForm ADV filed Jul 31, 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
5 events
- Apr 18, 2024Evolution Technology Fund III, L.P. filed Form D/A: $899,798,680 sold of $899,798,680, Venture Capital FundForm D filed Fact Form D
- Nov 16, 2023Evolution Technology Fund III, L.P. filed Form D/A: $691,135,897 sold of $750,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 21, 2023The Evolution Technology Fund III, L.P. first reported on Form ADV by Evolution Equity Partners (Venture Capital Fund), GAV $370,430,000Fund first reported on Form ADV Fact Form ADV
- Dec 21, 2022Evolution Technology Fund III, L.P. filed Form D/A: $345,280,000 sold of $750,000,000, Venture Capital FundForm D filed Fact Form D
- Jun 2, 2022Evolution Technology Fund III, L.P. filed Form D: no sales yet of $750,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
63 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 18, 2024 Fact Form D
- Entity type: Limited Partnership Nov 16, 2023 Fact Form D
- Entity type: Limited Partnership Dec 21, 2022 Fact Form D
- Entity type: Limited Partnership Jun 2, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Apr 18, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Nov 16, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Dec 21, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jun 2, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 18, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 16, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 21, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 2, 2022 Fact Form D
- Amendment: true Apr 18, 2024 Fact Form D
- Amendment: true Nov 16, 2023 Fact Form D
- Amendment: true Dec 21, 2022 Fact Form D
- Amendment: false Jun 2, 2022 Fact Form D
- Revenue range (Form D): Not Applicable Apr 18, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Nov 16, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Dec 21, 2022 Fact Form D
- Revenue range (Form D): Not Applicable Jun 2, 2022 Fact Form D
- Incorporated: withinFiveYears Apr 18, 2024 Fact Form D
- Incorporated: withinFiveYears Nov 16, 2023 Fact Form D
- Incorporated: withinFiveYears Dec 21, 2022 Fact Form D
- Incorporated: withinFiveYears Jun 2, 2022 Fact Form D
- Jurisdiction: Delaware Apr 18, 2024 Fact Form D
- Jurisdiction: Delaware Nov 16, 2023 Fact Form D
- Jurisdiction: Delaware Dec 21, 2022 Fact Form D
- Jurisdiction: Delaware Jun 2, 2022 Fact Form D
- Amount sold (Form D): $900M Apr 18, 2024 Fact Form D
- Amount sold (Form D): $691M Nov 16, 2023 Fact Form D
- Amount sold (Form D): $345M Dec 21, 2022 Fact Form D
- Amount sold (Form D): $0 Jun 2, 2022 Fact Form D
- Offering amount (Form D): $900M Apr 18, 2024 Fact Form D
- Offering amount (Form D): $750M Nov 16, 2023 Fact Form D
- Offering amount (Form D): $750M Dec 21, 2022 Fact Form D
- Offering amount (Form D): $750M Jun 2, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Apr 18, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Nov 16, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Dec 21, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 2, 2022 Fact Form D
- First sale: 2022-06-03 Apr 18, 2024 Fact Form D
- First sale: 2022-06-03 Nov 16, 2023 Fact Form D
- First sale: 2022-06-03 Dec 21, 2022 Fact Form D
- Investors (Form D): 1,101 Apr 18, 2024 Fact Form D
- Investors (Form D): 968 Nov 16, 2023 Fact Form D
- Investors (Form D): 387 Dec 21, 2022 Fact Form D
- Investors (Form D): 0 Jun 2, 2022 Fact Form D
- Minimum investment (Form D): 0 Apr 18, 2024 Fact Form D
- Minimum investment (Form D): 0 Nov 16, 2023 Fact Form D
- Minimum investment (Form D): 0 Dec 21, 2022 Fact Form D
- Minimum investment (Form D): 0 Jun 2, 2022 Fact Form D
- Securities offered: pooled Apr 18, 2024 Fact Form D
- Securities offered: pooled Nov 16, 2023 Fact Form D
- Securities offered: pooled Dec 21, 2022 Fact Form D
- Securities offered: pooled Jun 2, 2022 Fact Form D
- Office address: Apr 18, 2024 Fact Form D
- Office address: Nov 16, 2023 Fact Form D
- Office address: Dec 21, 2022 Fact Form D
- Office address: Jun 2, 2022 Fact Form D
- Year of incorporation: 2022 Apr 18, 2024 Fact Form D
- Year of incorporation: 2022 Nov 16, 2023 Fact Form D
- Year of incorporation: 2022 Dec 21, 2022 Fact Form D
- Year of incorporation: 2022 Jun 2, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
The Evolution Technology 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
5 dated events on the change ledger, latest event first
- Form D filed2024-04-18source on record
- Form D filed2023-11-16source on record
- Fund first reported on ADV2023-03-21source on record
+2 more changes 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.