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 / Craft Ventures III, L.P.

Craft Ventures III, L.P.

Active deploymentUnknownFundADV: Venture Capital FundCraft Ventures Management LPDelaware
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
indefinitewhat may be sold, not what was raised; file 021-393506, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of Mar 25, 2021
First sale
unknown
Reported GAV
$591Mon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
152
Reported on ADV
Mar 31, 2022 to Sep 14, 2026
Structure
master
Fundraising evidence
Unknown
latest Form D 2021-03-25, older than 15 months (fr-1)
evidence dated Mar 25, 2021. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2026-09-14vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2021-03-25
The fund's own reporting through time
8 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2022Venture Capital Fund$677M
1502%yes
May 6, 2022Venture Capital Fund$677M
1502%yes
May 24, 2022Venture Capital Fund$677M
1502%yes
Mar 31, 2023Venture Capital Fund$641M
1502%yes
Jun 7, 2023Venture Capital Fund$641M
1502%yes
Mar 27, 2024Venture Capital Fund$595M
1512%yes
May 17, 2024Venture Capital Fund$595M
1512%yes
Sep 14, 2026$591M
1522%
Principals and agents
2 principals on Form D, 0 placement agents
  • General Partner Craft Ventures GP III, LLC Promoter
  • Craft Ventures GP III, LP general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
San Diego City Employees' Retirement System content.sdcers.gov2021$5.0M$4.5M$0$4.3M-1.3%0.9xMar 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
4 events
  1. Mar 31, 2026
    SDCERS reports Craft Ventures III, L.P.: $5,000,000 committed, vintage 2021, net IRR -1.3%, 0.95x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Mar 31, 2022
    Craft Ventures III, L.P. first reported on Form ADV by Craft Ventures Management LP (Venture Capital Fund), GAV $677,461,520
    Fund 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)
  3. Mar 29, 2021
    Craft Ventures III, L.P. filed Form D/A: no sales yet (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Mar 25, 2021
    Craft Ventures III, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle