DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / DN Capital - Global Venture Capital III LP
DN Capital - Global Venture Capital III LP
Amounts, each with its basis
- Vintage
- 2012basis: 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
- $186Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by the adviser itself named on the filing, not sworn by the adviser (confidence 0.85); file 021-182958
- Form D sold
- $63.8Mas of the filing of Aug 20, 2012, 5 investors
- First sale
- Aug 6, 2012
- Reported GAV
- $59.2Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 45
- Reported on ADV
- Mar 4, 2013 to Mar 27, 2024
- Structure
- feeder
Fundraising evidence
Unknown
latest Form D 2012-08-20, older than 15 months (fr-1)
evidence dated Aug 20, 2012. A 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.
Lifecycle
Harvest
vintage over 7 years, still reported
age years: 14first sale: 2012-08-06vintage year: $2,012adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $63.8Mform d offering usd: $186Mform d latest filed at: 2012-08-20
The fund's own reporting through time
16 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 4, 2013 | Venture Capital Fund | $83.3M | 15 | $250,000 | 2% | yes | |
| Jan 24, 2014 | Venture Capital Fund | $83.3M | 15 | $250,000 | 2% | yes | |
| Jan 30, 2014 | Venture Capital Fund | $83.3M | 15 | $250,000 | 2% | yes | |
| Mar 31, 2014 | Venture Capital Fund | $108M | 20 | $340,000 | 2% | yes | |
| Apr 2, 2015 | Venture Capital Fund | $224M | 37 | $340,000 | 2% | yes | |
| Jan 13, 2016 | Venture Capital Fund | $224M | 37 | $340,000 | 2% | yes | |
| Jan 14, 2016 | Venture Capital Fund | $224M | 37 | $340,000 | 2% | yes | |
| Mar 30, 2016 | Venture Capital Fund | $306M | 43 | $270,000 | 2% | yes | |
| Mar 31, 2017 | Venture Capital Fund | $437M | 45 | $270,000 | 2% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $470M | 45 | $270,000 | 2% | yes | |
| Mar 29, 2019 | Venture Capital Fund | $386M | 45 | $290,000 | 2% | yes | |
| Mar 31, 2020 | Venture Capital Fund | $356M | 45 | $290,000 | 2% | yes | |
| Mar 30, 2021 | Venture Capital Fund | $678M | 45 | $300,000 | 2% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $230M | 45 | $300,000 | 2% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $120M | 45 | $300,000 | 2% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $59.2M | 45 | $300,000 | 2% | yes |
Principals and agents
6 principals on Form D, 0 placement agents
- Steven Schlenker Executive Officer
- DN Capital (uk) LLP Executive Officer
- DN Capital - GVC III GPLP Executive Officer
- Marovac Nenad Executive Officer
- DN Capital GVC III General Partner Limited Executive Officer
- - DN Capital (US) Inc. Executive Officer
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| San Diego City Employees' Retirement System content.sdcers.gov | 2012 | $9.5M | $12.6M | $36.8M | $1.7M | 31.0% | 3.1x | Mar 31, 2026 |
Each 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).
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
- Mar 31, 2026SDCERS reports DN Capital – Global Venture Capital III L.P.: $9,512,820 committed, vintage 2012, net IRR 31.0%, 3.07xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 4, 2013DN Capital - Global Venture Capital III LP first reported on Form ADV by DN Capital (US), Inc (Venture Capital Fund), GAV $83,300,000Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 20, 2012DN Capital - Global Venture Capital III LP filed Form D: $63,778,115 sold of $185,761,500, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: UNITED KINGDOM Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $63.8M Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $186M Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06, 3C, 3C.7 Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2012-08-06 Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 5 Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 21 New Street, St. Helier, Y9, JE2 3RA Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2012 Aug 20, 2012 Fact SEC EDGAR Form D data sets (quarterly)