DFX Intelligence
Andreessen Horowitz Lsv Fund III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 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
- +92%reported GAV
Reported gross assets rose from $4.66B to $8.96B between the Form ADV filings of 29 Mar 2024 and 30 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: 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
- $5.0Bwhat may be sold, not what was raised; file 021-430402, sworn by the adviser or filed under this vehicle
- Form D sold
- $5.0Bas of the filing of Jan 21, 2022, 281 investors
- First sale
- Jan 7, 2022
- Reported GAV
- $9.0Bon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 288
- Reported on ADV
- Mar 29, 2022 to Mar 30, 2026
Fundraising evidenceWhat 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.
Closed to new capital
Form D filed or amended 2022-01-21: the stated $5.0bn offering reported fully sold (fr-1)
evidence dated Jan 21, 2022.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: Jan 7, 2022vintage year: 2022adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $5.0Bform d offering: $5.0Bform d latest filed at: Jan 21, 2022
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2022 | Venture Capital Fund | $300M | 0 | 0% | no | ||
| May 6, 2022 | Venture Capital Fund | $300M | 0 | 0% | no | ||
| Mar 31, 2023 | Venture Capital Fund | $4.7B | 284 | 0% | yes | ||
| Mar 31, 2023 | Venture Capital Fund | $4.7B | 284 | 0% | yes | ||
| May 1, 2023 | Venture Capital Fund | $4.7B | 284 | 0% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $4.7B | 285 | 0% | yes | ||
| Mar 30, 2026 | Venture Capital Fund | $9.0B | 288 | 0% |
Principals and agents
2 principals on Form D, 0 placement agents
- Marc Andreessen Executive Officer
- BEN Horowitz Executive Officer
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorPwC · SAN JOSE, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianANCHORAGE HOLD LLC · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianCOINBASE CUSTODY TRUST COMPANY, LLC · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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 allocatorsWhat 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 |
|---|---|---|---|---|
| Hillman Family Foundations | FOUNDATION | $7.4M 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
2 events
- Mar 29, 2022Andreessen Horowitz Lsv Fund III, L.P. first reported on Form ADV by Andreessen Horowitz (Venture Capital Fund), GAV $300,000,000Fund first reported on Form ADV Fact Form ADV
- Jan 21, 2022Andreessen Horowitz LSV Fund III, L.P. filed Form D: $5,000,000,000 sold of $5,000,000,000, Private Equity FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 21, 2022 Fact Form D
- Form D fund type: Private Equity Fund Jan 21, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 21, 2022 Fact Form D
- Amendment: false Jan 21, 2022 Fact Form D
- Revenue range (Form D): Not Applicable Jan 21, 2022 Fact Form D
- Incorporated: withinFiveYears Jan 21, 2022 Fact Form D
- Jurisdiction: Delaware Jan 21, 2022 Fact Form D
- Amount sold (Form D): $5.0B Jan 21, 2022 Fact Form D
- Offering amount (Form D): $5.0B Jan 21, 2022 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Jan 21, 2022 Fact Form D
- First sale: 2022-01-07 Jan 21, 2022 Fact Form D
- Investors (Form D): 281 Jan 21, 2022 Fact Form D
- Minimum investment (Form D): 0 Jan 21, 2022 Fact Form D
- Securities offered: pooled Jan 21, 2022 Fact Form D
- Office address: Jan 21, 2022 Fact Form D
- Year of incorporation: 2021 Jan 21, 2022 Fact Form D
Relationships across DFX
on 4 other DFX graphs
Across the graphs
Andreessen Horowitz Lsv Fund III, L.P. is the same institution as 4 records in Allocators, RIA and Wealth, Private Equity and Family Offices.
Allocators1RIA and Wealth1Private Equity1Family Offices1
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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-29source on record
- Form D filed2022-01-21source 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.