DFX Intelligence
Grotech Ventures III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
4 additional principals, 1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -41%reported GAV
Reported gross assets fell from $183M to $109M between the Form ADV filings of 28 Mar 2024 and 26 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
- 2016basis: 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 021-242491, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 25, 2015
- First sale
- unknown
- Reported GAV
- $109Mon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 37
- Reported on ADV
- Mar 24, 2016 to Mar 26, 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 2015-06-25, older than 15 months (fr-1)
evidence dated Jun 25, 2015.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 10first sale: n/avintage year: 2016adv gav as of: Mar 26, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $200Mform d latest filed at: Jun 25, 2015
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 24, 2016 | Venture Capital Fund | $147M | 50 | $100,000 | 2% | yes | |
| Mar 9, 2017 | Venture Capital Fund | $149M | 27 | $100,000 | 2% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $145M | 27 | $100,000 | 2% | yes | |
| Mar 28, 2019 | Venture Capital Fund | $151M | 25 | $100,000 | 2% | yes | |
| Mar 17, 2020 | Venture Capital Fund | $181M | 25 | $100,000 | 2% | yes | |
| Mar 24, 2021 | Venture Capital Fund | $215M | 25 | $100,000 | 2% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $215M | 32 | $100,000 | 2% | yes | |
| Mar 30, 2023 | Venture Capital Fund | $215M | 32 | $100,000 | 2% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $183M | 37 | $100,000 | 2% | yes | |
| Mar 26, 2026 | Venture Capital Fund | $109M | 37 | $100,000 | 2% |
Principals and agents
7 principals on Form D, 0 placement agents
- Joseph R. Zell Executive Officer
- Charles P. Cullen Executive Officer
- Stephen M. Fredrick Executive Officer
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorRSM · BALTIMORE, Maryland, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianSTIFEL BANK · ST. LOUIS, Missouri, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianSTIFEL, NICOLAUS & COMPANY, INCORPORATED · ST. LOUIS, Missouri, United StatesForm ADV filed Mar 26, 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
3 events
- Mar 9, 2017Auditor changed: RSM replaced EY, first reported on the Form ADV filed March 9, 2017 (previous filing March 24, 2016)Auditor changed Fact Form ADV
- Mar 24, 2016Grotech Ventures III, L.P. first reported on Form ADV by Grotech Management Company (Venture Capital Fund), GAV $146,663,709Fund first reported on Form ADV Fact Form ADV
- Jun 25, 2015Grotech Ventures 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 25, 2015 Fact Form D
- Form D fund type: Venture Capital Fund Jun 25, 2015 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 25, 2015 Fact Form D
- Amendment: false Jun 25, 2015 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 25, 2015 Fact Form D
- Incorporated: withinFiveYears Jun 25, 2015 Fact Form D
- Jurisdiction: Delaware Jun 25, 2015 Fact Form D
- Amount sold (Form D): $0 Jun 25, 2015 Fact Form D
- Offering amount (Form D): $200M Jun 25, 2015 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 25, 2015 Fact Form D
- Investors (Form D): 0 Jun 25, 2015 Fact Form D
- Minimum investment (Form D): 0 Jun 25, 2015 Fact Form D
- Securities offered: pooled Jun 25, 2015 Fact Form D
- Office address: Jun 25, 2015 Fact Form D
- Year of incorporation: 2015 Jun 25, 2015 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Grotech Ventures III, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
1 identity change, 2 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Fund first reported on ADV2016-03-24source on record
- Form D filed2015-06-25source 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.