DFX Intelligence
Revolution Growth III, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional placement agent, 1 event
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
- -83%reported GAV
Reported gross assets fell from $640M to $109M between the Form ADV filings of 27 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
- 2015basis: 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
- $525Mwhat may be sold, not what was raised; file 021-240889, sworn by the adviser or filed under this vehicle
- Form D sold
- $525Mas of the filing of Jun 15, 2016, 70 investors
- First sale
- Jun 3, 2015
- Reported GAV
- $109Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 49
- Reported on ADV
- Mar 30, 2016 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.Closed to new capital
Form D filed or amended 2016-06-15: the stated $525.0M offering reported fully sold (fr-1)
evidence dated Jun 15, 2016.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 11first sale: Jun 3, 2015vintage year: 2015adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $525Mform d offering: $525Mform d latest filed at: Jun 15, 2016
The fund's own reporting through time
11 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2016 | Venture Capital Fund | $432M | 33 | $250,000 | 15% | yes | |
| Mar 31, 2017 | Venture Capital Fund | $526M | 49 | $250,000 | 10% | yes | |
| Mar 30, 2018 | Venture Capital Fund | $349M | 49 | $250,000 | 10% | yes | |
| Mar 29, 2019 | Venture Capital Fund | $501M | 49 | $200,000 | 10% | yes | |
| Jan 18, 2020 | Venture Capital Fund | $501M | 49 | $200,000 | 10% | yes | |
| May 14, 2020 | Venture Capital Fund | $647M | 49 | $200,000 | 10% | yes | |
| Mar 26, 2021 | Venture Capital Fund | $1.0B | 49 | $200,000 | 10% | yes | |
| Mar 30, 2022 | Venture Capital Fund | $912M | 49 | $200,000 | 10% | yes | |
| Mar 29, 2023 | Venture Capital Fund | $609M | 49 | $200,000 | 10% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $640M | 49 | $200,000 | 10% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $109M | 49 | $200,000 | 10% |
Principals and agents
3 principals on Form D, 1 placement agents
- Donn Davis Executive Officer/Promoter
- Steve Case Executive Officer/Promoter
- Ted Leonsis Executive Officer/Promoter
- GCA Advisors, LLC placement agent
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorEY · MCLEAN, Virginia, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorGen II Fund Services · NEW YORK, New York, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianCiti · NEW YORK, New York, 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).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
6 events
- Mar 29, 2019Administrator changed: Gen II Fund Services replaced Citi, first reported on the Form ADV filed March 29, 2019 (previous filing March 30, 2018)Administrator changed Fact Form ADV
- Mar 30, 2018Administrator changed: Citi replaced State Street, first reported on the Form ADV filed March 30, 2018 (previous filing March 31, 2017)Administrator changed Fact Form ADV
- Mar 30, 2018Custodian changed: Citi replaced State Street, first reported on the Form ADV filed March 30, 2018 (previous filing March 31, 2017)Custodian changed Fact Form ADV
- Jun 15, 2016Revolution Growth III, LP filed Form D/A: $525,000,000 sold of $525,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 30, 2016Revolution Growth III, LP first reported on Form ADV by Revolution Growth Management Company II, Inc. (Venture Capital Fund), GAV $431,574,647Fund first reported on Form ADV Fact Form ADV
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 15, 2016 Fact Form D
- Entity type: Limited Partnership Jun 1, 2015 Fact Form D
- Form D fund type: Venture Capital Fund Jun 15, 2016 Fact Form D
- Form D fund type: Venture Capital Fund Jun 1, 2015 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 15, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 1, 2015 Fact Form D
- Amendment: true Jun 15, 2016 Fact Form D
- Amendment: false Jun 1, 2015 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 15, 2016 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 1, 2015 Fact Form D
- Incorporated: withinFiveYears Jun 15, 2016 Fact Form D
- Incorporated: withinFiveYears Jun 1, 2015 Fact Form D
- Jurisdiction: Delaware Jun 15, 2016 Fact Form D
- Jurisdiction: Delaware Jun 1, 2015 Fact Form D
- Amount sold (Form D): $525M Jun 15, 2016 Fact Form D
- Amount sold (Form D): $0 Jun 1, 2015 Fact Form D
- Offering amount (Form D): $525M Jun 15, 2016 Fact Form D
- Offering amount (Form D): $450M Jun 1, 2015 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 15, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 1, 2015 Fact Form D
- First sale: 2015-06-03 Jun 15, 2016 Fact Form D
- Investors (Form D): 70 Jun 15, 2016 Fact Form D
- Investors (Form D): 0 Jun 1, 2015 Fact Form D
- Minimum investment (Form D): 0 Jun 15, 2016 Fact Form D
- Minimum investment (Form D): 0 Jun 1, 2015 Fact Form D
- Securities offered: Equity, pooled Jun 15, 2016 Fact Form D
- Securities offered: Equity, pooled Jun 1, 2015 Fact Form D
- Office address: Jun 15, 2016 Fact Form D
- Office address: Jun 1, 2015 Fact Form D
- Year of incorporation: 2015 Jun 15, 2016 Fact Form D
- Year of incorporation: 2015 Jun 1, 2015 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Revolution Growth III, LP is the same institution as 2 records in RIA and Wealth and Family Offices.
RIA and Wealth1Family Offices1
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…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2016-06-15source on record
- Fund first reported on ADV2016-03-30source on record
- Form D filed2015-06-01source 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.