DFX Intelligence
Fusion Fund III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +33%reported GAV
Reported gross assets rose from $71M to $94.4M between the Form ADV filings of 19 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: 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 021-386034, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jan 12, 2021
- First sale
- unknown
- Reported GAV
- $94.4Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 66
- Reported on ADV
- Mar 30, 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.
Unknown
latest Form D 2021-01-12, older than 15 months (fr-1)
evidence dated Jan 12, 2021.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Mar 30, 2026vintage basis: ADV first reportedform d sold: $0form d offering: n/aform d latest filed at: Jan 12, 2021
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2022 | Venture Capital Fund | $15.3M | 32 | $100,000 | 1% | yes | |
| Mar 29, 2023 | Venture Capital Fund | $46.4M | 62 | $100,000 | 1% | yes | |
| Mar 19, 2024 | Venture Capital Fund | $71.0M | 62 | $100,000 | 1% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $94.4M | 66 | $100,000 | 1% |
Principals and agents
1 principal on Form D, 0 placement agents
- General Partner Fusion Fund III GP, L.L.C. Promoter
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · PALO ALTO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorGRYPHON FUND GROUP, LLC · BEACHWOOD, Ohio, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, 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.
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
2 events
- Mar 30, 2022Fusion Fund III, L.P. first reported on Form ADV by Fusion Fund Silicon Valley LLC (Venture Capital Fund), GAV $15,345,899Fund first reported on Form ADV Fact Form ADV
- Jan 12, 2021Fusion Fund III, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jan 12, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Jan 12, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 12, 2021 Fact Form D
- Amendment: false Jan 12, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 12, 2021 Fact Form D
- Incorporated: withinFiveYears Jan 12, 2021 Fact Form D
- Jurisdiction: Delaware Jan 12, 2021 Fact Form D
- Amount sold (Form D): $0 Jan 12, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jan 12, 2021 Fact Form D
- Indefinite offering: true Jan 12, 2021 Fact Form D
- Investors (Form D): 0 Jan 12, 2021 Fact Form D
- Minimum investment (Form D): 0 Jan 12, 2021 Fact Form D
- Securities offered: pooled Jan 12, 2021 Fact Form D
- Office address: Jan 12, 2021 Fact Form D
- Year of incorporation: 2020 Jan 12, 2021 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Fusion Fund 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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2022-03-30source on record
- Form D filed2021-01-12source 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.