DFX Intelligence
Transformation Capital Fund Iii-A, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital FundFeeder or parallel vehicle
A feeder, parallel or offshore vehicle of a main fund; its assets may overlap the main fund's.
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 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
- +20%reported GAV
Reported gross assets rose from $417M to $501M between the Form ADV filings of 26 Feb 2024 and 20 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
- $800Mwhat may be sold, not what was raised; file 021-430842, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jan 26, 2022
- First sale
- unknown
- Reported GAV
- $501Mon the Form ADV filed Mar 20, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 73
- Reported on ADV
- Mar 4, 2022 to Mar 20, 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 2022-01-26, older than 15 months (fr-1)
evidence dated Jan 26, 2022.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Mar 20, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $800Mform d latest filed at: Jan 26, 2022
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 4, 2022 | Venture Capital Fund | $385M | 73 | $435,000 | 1% | yes | |
| Mar 2, 2023 | Venture Capital Fund | $385M | 73 | $435,000 | 1% | yes | |
| Feb 26, 2024 | Venture Capital Fund | $417M | 73 | $435,000 | 1% | yes | |
| Mar 20, 2026 | Venture Capital Fund | $501M | 73 | $435,000 | 1% |
Principals and agents
5 principals on Form D, 1 placement agents
- Todd Cozzens Executive Officer
- Michael Dixon Executive Officer
- Jared Kesselheim Executive Officer
- ISPartners Investment Solutions AG placement agent
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorBDO · BOSTON, Massachusetts, United StatesForm ADV filed Mar 20, 2026 reports.adviserinfo.sec.gov
- AdministratorULTIMUS LEVERPOINT MANAGEMENT, LLC · NEW YORK, New York, United StatesForm ADV filed Mar 20, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SAN FRANCISCO, California, United StatesForm ADV filed Mar 20, 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.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| The University Financing Foundation Inc | FOUNDATION | $1.0M 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
3 events
- Feb 26, 2024Custodian changed: STIFEL BANK replaced Silicon Valley Bank, first reported on the Form ADV filed February 26, 2024 (previous filing March 2, 2023)Custodian changed Fact Form ADV
- Mar 4, 2022Transformation Capital Fund Iii-A, L.P. first reported on Form ADV by Transformation Capital (Venture Capital Fund), GAV $384,616,427Fund first reported on Form ADV Fact Form ADV
- Jan 26, 2022Transformation Capital Fund III-A, L.P. filed Form D: no sales yet of $800,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 26, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jan 26, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 26, 2022 Fact Form D
- Amendment: false Jan 26, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 26, 2022 Fact Form D
- Incorporated: withinFiveYears Jan 26, 2022 Fact Form D
- Jurisdiction: Delaware Jan 26, 2022 Fact Form D
- Amount sold (Form D): $0 Jan 26, 2022 Fact Form D
- Offering amount (Form D): $800M Jan 26, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jan 26, 2022 Fact Form D
- Investors (Form D): 0 Jan 26, 2022 Fact Form D
- Minimum investment (Form D): 0 Jan 26, 2022 Fact Form D
- Securities offered: pooled Jan 26, 2022 Fact Form D
- Office address: Jan 26, 2022 Fact Form D
- Year of incorporation: 2022 Jan 26, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Transformation Capital Fund Iii-A, 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…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-04source on record
- Form D filed2022-01-26source 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.