DFX Intelligence
NEW Markets Education Partners III, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +122%reported GAV
Reported gross assets rose from $33.7M to $74.6M between the Form ADV filings of 28 Mar 2024 and 27 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
- 2022basis: adv first reported
- 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 021-404090, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 24, 2021
- First sale
- unknown
- Reported GAV
- $74.6Mon the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 90
- Reported on ADV
- Mar 31, 2022 to Mar 27, 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 2021-06-24, older than 15 months (fr-1)
evidence dated Jun 24, 2021.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Mar 27, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $200Mform d latest filed at: Jun 24, 2021
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $15.0M | 44 | $200,000 | 1% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $22.7M | 70 | $200,000 | 1% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $33.7M | 90 | $200,000 | 1% | yes | |
| Mar 27, 2026 | Venture Capital Fund | $74.6M | 90 | $200,000 | 1% |
Principals and agents
5 principals on Form D, 0 placement agents
- Nmgf Management Company, LLC Promoter
- Robb Doub Director
- Jason Palmer Director
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorRSM · RICHMOND, Virginia, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- MarketerGROWTH CAPITAL SERVICES, INC. · SAN FRANCISO, California, United StatesForm ADV filed Mar 27, 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
2 events
- Mar 31, 2022NEW Markets Education Partners III, LP first reported on Form ADV by NEW Markets Venture Partners (Venture Capital Fund), GAV $15,008,054Fund first reported on Form ADV Fact Form ADV
- Jun 24, 2021New Markets Education Partners III, L.P. filed Form D: no sales yet of $200,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 24, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Jun 24, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 24, 2021 Fact Form D
- Amendment: false Jun 24, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 24, 2021 Fact Form D
- Incorporated: withinFiveYears Jun 24, 2021 Fact Form D
- Jurisdiction: Delaware Jun 24, 2021 Fact Form D
- Amount sold (Form D): $0 Jun 24, 2021 Fact Form D
- Offering amount (Form D): $200M Jun 24, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 24, 2021 Fact Form D
- Investors (Form D): 0 Jun 24, 2021 Fact Form D
- Minimum investment (Form D): 0 Jun 24, 2021 Fact Form D
- Securities offered: pooled Jun 24, 2021 Fact Form D
- Office address: Jun 24, 2021 Fact Form D
- Year of incorporation: 2021 Jun 24, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
NEW Markets Education Partners 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.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-31source on record
- Form D filed2021-06-24source 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.