DFX Intelligence
Shasta Ventures III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal, 1 additional placement agent
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
- -80%reported GAV
Reported gross assets fell from $248M to $49.2M between the Form ADV filings of 7 Nov 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
- 2011basis: 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
- $200Mwhat may be sold, not what was raised; file 021-163015, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jul 15, 2011
- First sale
- unknown
- Reported GAV
- $49.2Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 34
- Reported on ADV
- Mar 29, 2012 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 2011-07-15, older than 15 months (fr-1)
evidence dated Jul 15, 2011.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 15first sale: n/avintage year: 2011adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $0form d offering: $200Mform d latest filed at: Jul 15, 2011
The fund's own reporting through time
19 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2012 | Venture Capital Fund | $265M | 36 | $1.0M | 1% | yes | |
| Oct 31, 2012 | Venture Capital Fund | $265M | 36 | $1.0M | 1% | yes | |
| Mar 5, 2013 | Venture Capital Fund | $259M | 36 | $1.0M | 1% | yes | |
| Mar 27, 2014 | Venture Capital Fund | $259M | 36 | $1.0M | 1% | yes | |
| Mar 31, 2015 | Venture Capital Fund | $215M | 36 | $1.0M | 1% | yes | |
| Mar 16, 2016 | Venture Capital Fund | $215M | 36 | $1.0M | 1% | yes | |
| Mar 10, 2017 | Venture Capital Fund | $316M | 36 | $1.0M | 1% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $319M | 37 | $1.0M | 1% | yes | |
| Mar 19, 2019 | Venture Capital Fund | $295M | 37 | $1.0M | 1% | yes | |
| Mar 24, 2020 | Venture Capital Fund | $282M | 36 | $1.0M | 1% | yes | |
| Mar 19, 2021 | Venture Capital Fund | $342M | 36 | $1.0M | 1% | yes | |
| Mar 22, 2022 | Venture Capital Fund | $661M | 34 | $1.0M | 1% | yes | |
| Jun 7, 2022 | Venture Capital Fund | $661M | 34 | $1.0M | 1% | yes | |
| Mar 28, 2023 | Venture Capital Fund | $405M | 35 | $1.0M | 1% | yes | |
| Feb 6, 2024 | Venture Capital Fund | $473M | 35 | $1.0M | 1% | yes | |
| Feb 23, 2024 | Venture Capital Fund | $473M | 35 | $1.0M | 1% | yes | |
| Apr 9, 2024 | Venture Capital Fund | $473M | 35 | $1.0M | 1% | yes | |
| Nov 7, 2024 | Venture Capital Fund | $248M | 36 | $1.0M | 1% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $49.2M | 34 | $1.0M | 1% |
Principals and agents
4 principals on Form D, 0 placement agents
- Tod Francis Executive Officer
- Shasta Ventures III GP, LLC Promoter
- Jason Pressman Executive Officer
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorKPMG · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · LEHI, Utah, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, 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).1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California State Teachers' Retirement System calstrs.com | 2012 | $26.5M | $25.7M | $34.8M | $13.5M | 7.5% | 1.9x | Jun 30, 2025 |
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.2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | $26.5M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
| The Paul and Phyllis Fireman Charitable Foundation | FOUNDATION | $490,926 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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
- Jun 30, 2025CalSTRS reports Shasta Ventures III, L.P.: $26,500,000 committed, vintage 2012, net IRR 7.5%, 1.88xLP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports Shasta Ventures III, L.P.: $26,500,000 committed, vintage 2012, net IRR 7.5%, 1.88xLP commitment disclosed Fact Pension disclosure
- Mar 29, 2012Shasta Ventures III, L.P. first reported on Form ADV by Shasta Ventures (Venture Capital Fund), GAV $265,000,000Fund first reported on Form ADV Fact Form ADV
- Sep 23, 2011Shasta Ventures III, L.P. filed Form D/A: $265,000,000 sold of $265,000,000, Venture Capital FundForm D filed Fact Form D
- Jul 15, 2011Shasta Ventures III, L.P. filed Form D: no sales yet of $200,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
30 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 23, 2011 Fact Form D
- Entity type: Limited Partnership Jul 15, 2011 Fact Form D
- Form D fund type: Venture Capital Fund Sep 23, 2011 Fact Form D
- Form D fund type: Venture Capital Fund Jul 15, 2011 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 23, 2011 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 15, 2011 Fact Form D
- Amendment: true Sep 23, 2011 Fact Form D
- Amendment: false Jul 15, 2011 Fact Form D
- Revenue range (Form D): Not Applicable Sep 23, 2011 Fact Form D
- Revenue range (Form D): Not Applicable Jul 15, 2011 Fact Form D
- Incorporated: withinFiveYears Sep 23, 2011 Fact Form D
- Incorporated: yetToBeFormed Jul 15, 2011 Fact Form D
- Jurisdiction: Delaware Sep 23, 2011 Fact Form D
- Jurisdiction: Delaware Jul 15, 2011 Fact Form D
- Amount sold (Form D): $265M Sep 23, 2011 Fact Form D
- Amount sold (Form D): $0 Jul 15, 2011 Fact Form D
- Offering amount (Form D): $265M Sep 23, 2011 Fact Form D
- Offering amount (Form D): $200M Jul 15, 2011 Fact Form D
- Exemptions: 06, 3C, 3C.7 Sep 23, 2011 Fact Form D
- Exemptions: 06, 3C, 3C.1, 3C.7 Jul 15, 2011 Fact Form D
- First sale: 2011-07-19 Sep 23, 2011 Fact Form D
- Investors (Form D): 36 Sep 23, 2011 Fact Form D
- Investors (Form D): 0 Jul 15, 2011 Fact Form D
- Minimum investment (Form D): 0 Sep 23, 2011 Fact Form D
- Minimum investment (Form D): 0 Jul 15, 2011 Fact Form D
- Securities offered: pooled Sep 23, 2011 Fact Form D
- Securities offered: pooled Jul 15, 2011 Fact Form D
- Office address: Sep 23, 2011 Fact Form D
- Office address: Jul 15, 2011 Fact Form D
- Year of incorporation: 2011 Sep 23, 2011 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 10 capital paths
Across the graphs
Shasta Ventures III, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
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…
Capital chain
Shasta Ventures III, L.P. sits on 10 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 10 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
5 dated events on the change ledger, latest event first
- LP commitment disclosed2025-06-30source on record
- LP commitment disclosed2025-06-30source on record
- Fund first reported on ADV2012-03-29source 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.