DFX Intelligence
Sands Capital Global Venture Fund III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
4 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +127%reported GAV
Reported gross assets rose from $96.1M to $218M between the Form ADV filings of 11 Oct 2024 and 28 Jul 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
- 2021basis: 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
- indefinitewhat may be sold, not what was raised; file 021-411838, sworn by the adviser or filed under this vehicle
- Form D sold
- $202Mas of the filing of Aug 22, 2022, 93 investors
- First sale
- Oct 22, 2021
- Reported GAV
- $218Mon the Form ADV filed Jul 28, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 134
- Reported on ADV
- Mar 31, 2022 to Jul 28, 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 2022-08-22, older than 15 months (fr-1)
evidence dated Aug 22, 2022.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Oct 22, 2021vintage year: 2021adv gav as of: Jul 28, 2026vintage basis: Form d first saleform d sold: $202Mform d offering: n/aform d latest filed at: Aug 22, 2022
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $46.7M | 119 | $5.0M | 36% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $70.2M | 119 | $5.0M | 36% | yes | |
| Feb 6, 2024 | Venture Capital Fund | $70.2M | 119 | $5.0M | 36% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $96.1M | 134 | $5.0M | 24% | yes | |
| Jul 1, 2024 | Venture Capital Fund | $96.1M | 134 | $5.0M | 24% | yes | |
| Oct 11, 2024 | Venture Capital Fund | $96.1M | 134 | $5.0M | 24% | yes | |
| Jul 28, 2026 | Venture Capital Fund | $218M | 134 | $5.0M | 24% |
Principals and agents
3 principals on Form D, 0 placement agents
- IAN Ratcliffe Executive Officer
- Michael Graninger Executive Officer
- Scott Frederick Executive Officer
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorPwC · WASHINGTON, District of Columbia, United StatesForm ADV filed Jul 28, 2026 reports.adviserinfo.sec.gov
- AdministratorPIEDMONT FUND SERVICES, INC. · HERNDON, Virginia, United StatesForm ADV filed Jul 28, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Jul 28, 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 |
|---|---|---|---|---|
| Richard King Mellon Foundation Dtd 01-01-47 | FOUNDATION | $2.2M 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
4 events
- Mar 27, 2024Administrator changed: PIEDMONT FUND SERVICES, INC. replaced SS&C, first reported on the Form ADV filed March 27, 2024 (previous filing February 6, 2024)Administrator changed Fact Form ADV
- Aug 22, 2022Sands Capital Global Venture Fund III, L.P. filed Form D/A: $201,500,000 sold (indefinite offering), Private Equity FundForm D filed Fact Form D
- Mar 31, 2022Sands Capital Global Venture Fund III, L.P. first reported on Form ADV by Sands Capital Ventures, LLC (Venture Capital Fund), GAV $46,700,671Fund first reported on Form ADV Fact Form ADV
- Aug 31, 2021Sands Capital Global Venture Fund III, L.P. filed Form D: no sales yet (indefinite offering), Private Equity FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Other Aug 22, 2022 Fact Form D
- Entity type: Other Aug 31, 2021 Fact Form D
- Form D fund type: Private Equity Fund Aug 22, 2022 Fact Form D
- Form D fund type: Private Equity Fund Aug 31, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 22, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 31, 2021 Fact Form D
- Amendment: true Aug 22, 2022 Fact Form D
- Amendment: false Aug 31, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Aug 22, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Aug 31, 2021 Fact Form D
- Incorporated: withinFiveYears Aug 22, 2022 Fact Form D
- Incorporated: withinFiveYears Aug 31, 2021 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Aug 22, 2022 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Aug 31, 2021 Fact Form D
- Amount sold (Form D): $202M Aug 22, 2022 Fact Form D
- Amount sold (Form D): $0 Aug 31, 2021 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Aug 22, 2022 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Aug 31, 2021 Fact Form D
- First sale: 2021-10-22 Aug 22, 2022 Fact Form D
- Indefinite offering: true Aug 22, 2022 Fact Form D
- Indefinite offering: true Aug 31, 2021 Fact Form D
- Investors (Form D): 93 Aug 22, 2022 Fact Form D
- Investors (Form D): 0 Aug 31, 2021 Fact Form D
- Minimum investment (Form D): 0 Aug 22, 2022 Fact Form D
- Minimum investment (Form D): 0 Aug 31, 2021 Fact Form D
- Securities offered: pooled Aug 22, 2022 Fact Form D
- Securities offered: pooled Aug 31, 2021 Fact Form D
- Office address: Aug 22, 2022 Fact Form D
- Office address: Aug 31, 2021 Fact Form D
- Year of incorporation: 2021 Aug 22, 2022 Fact Form D
- Year of incorporation: 2021 Aug 31, 2021 Fact Form D
Relationships across DFX
on 4 other DFX graphs
Across the graphs
Sands Capital Global Venture Fund III, L.P. is the same institution as 4 records in RIA and Wealth, Private Equity, Family Offices and Allocators.
RIA and Wealth1Private Equity1Family Offices1Allocators1
DFX found 4 relationships across 4 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
3 dated events on the change ledger, latest event first
- Form D filed2022-08-22source on record
- Fund first reported on ADV2022-03-31source on record
- Form D filed2021-08-31source 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.