DFX Intelligence
RET Ventures 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
3 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
- $135Msold at the filing
Latest Form D filed on 6 Nov 2025: $135M sold of $135M offered, 70 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
- +19%reported GAV
Reported gross assets rose from $122M to $146M between the Form ADV filings of 2 Apr 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
- 1 agentplacement
1 placement agent named on the vehicle's Form D filings.
A placement agent means the vehicle is marketed to outside LPs.
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
- $135Mwhat may be sold, not what was raised; file 021-465129, sworn by the adviser or filed under this vehicle
- Form D sold
- $135Mas of the filing of Nov 6, 2025, 70 investors
- First sale
- Nov 18, 2022
- Reported GAV
- $146Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 101
- Reported on ADV
- Mar 31, 2023 to Mar 31, 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 2025-11-06: the stated $134.7M offering reported fully sold (fr-1)
evidence dated Nov 6, 2025.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: Nov 18, 2022vintage year: 2022adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $135Mform d offering: $135Mform d latest filed at: Nov 6, 2025
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Venture Capital Fund | $97.0M | 40 | $40,000 | 1% | no | |
| Apr 2, 2024 | Venture Capital Fund | $122M | 57 | $40,000 | 1% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $146M | 101 | $40,000 | 1% |
Principals and agents
3 principals on Form D, 1 placement agents
- John Helm Director
- RET Ventures GP III, LLC Director
- Christopher Yip Director
- Lisa Eyles Beeson placement agent
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN JOSE, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorUMB FUND SERVICES · MILWAUKEE, Wisconsin, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 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
4 events
- Nov 6, 2025RET Ventures III, L.P. filed Form D/A: $134,748,333 sold of $134,748,333, Venture Capital FundForm D filed Fact Form D
- Mar 31, 2025Administrator changed: UMB FUND SERVICES replaced ULTIMUS LEVERPOINT, first reported on the Form ADV filed March 31, 2025 (previous filing April 2, 2024)Administrator changed Fact Form ADV
- Mar 31, 2023RET Ventures III, L.P. first reported on Form ADV by Retv Management, LLC (Venture Capital Fund), GAV $96,984,848Fund first reported on Form ADV Fact Form ADV
- Nov 17, 2022RET Ventures III, L.P. filed Form D: no sales yet of $200,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Nov 6, 2025 Fact Form D
- Entity type: Limited Partnership Nov 17, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Nov 6, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Nov 17, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 6, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 17, 2022 Fact Form D
- Amendment: true Nov 6, 2025 Fact Form D
- Amendment: false Nov 17, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 6, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 17, 2022 Fact Form D
- Incorporated: withinFiveYears Nov 6, 2025 Fact Form D
- Incorporated: withinFiveYears Nov 17, 2022 Fact Form D
- Jurisdiction: Delaware Nov 6, 2025 Fact Form D
- Jurisdiction: Delaware Nov 17, 2022 Fact Form D
- Amount sold (Form D): $135M Nov 6, 2025 Fact Form D
- Amount sold (Form D): $0 Nov 17, 2022 Fact Form D
- Offering amount (Form D): $135M Nov 6, 2025 Fact Form D
- Offering amount (Form D): $200M Nov 17, 2022 Fact Form D
- Exemptions: 06c, 3C, 3C.1, 3C.7 Nov 6, 2025 Fact Form D
- Exemptions: 06c, 3C, 3C.1, 3C.7 Nov 17, 2022 Fact Form D
- First sale: 2022-11-18 Nov 6, 2025 Fact Form D
- Investors (Form D): 70 Nov 6, 2025 Fact Form D
- Investors (Form D): 0 Nov 17, 2022 Fact Form D
- Minimum investment (Form D): 0 Nov 6, 2025 Fact Form D
- Minimum investment (Form D): 0 Nov 17, 2022 Fact Form D
- Securities offered: pooled Nov 6, 2025 Fact Form D
- Securities offered: pooled Nov 17, 2022 Fact Form D
- Office address: Nov 6, 2025 Fact Form D
- Office address: Nov 17, 2022 Fact Form D
- Year of incorporation: 2022 Nov 6, 2025 Fact Form D
- Year of incorporation: 2022 Nov 17, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
RET Ventures 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.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2025-11-06source on record
- Fund first reported on ADV2023-03-31source on record
- Form D filed2022-11-17source 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.