DFX Intelligence
Venture Capital Intelligence
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 / B Capital Global Growth III, LP
B Capital Global Growth III, LP
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
- $1.6Bwhat may be sold, not what was raised; file 021-435810, sworn by the adviser or filed under this vehicle
- Form D sold
- $1.6Bas of the filing of Jan 19, 2023, 122 investors
- First sale
- Jul 6, 2021
- Reported GAV
- $1.9Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 137
- Reported on ADV
- Mar 31, 2022 to Sep 14, 2026
Fundraising evidence
Closed to new capital
Form D filed or amended 2023-01-19: the stated $1.6bn offering reported fully sold (fr-1)
evidence dated Jan 19, 2023. 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
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-07-06vintage year: $2,021adv gav as of: 2026-09-14vintage basis: form_d_first_saleform d sold usd: $1.6Bform d offering usd: $1.6Bform d latest filed at: 2023-01-19
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $1.1B | 102 | $15.0M | 21% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $1.5B | 123 | $15.0M | 15% | yes | |
| Sep 1, 2023 | Venture Capital Fund | $1.5B | 123 | $15.0M | 15% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $1.6B | 135 | $15.0M | 10% | yes | |
| Sep 14, 2026 | $1.9B | 137 | $15.0M | 10% |
Principals and agents
2 principals on Form D, 0 placement agents
- B Capital Global Growth GP III, LP Promoter
- B Capital Global Growth GP III, LP general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2023 | $67.5M | $62.3M | $2.4M | $72.3M | 12.7% | 1.2x | Dec 31, 2025 |
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
5 events
- Dec 31, 2025CalPERS reports B Capital Global Growth III, L.P.: $67,500,000 committed, vintage 2023, net IRR 12.7%, 1.2xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025CalPERS reports B Capital Global Growth III, L.P.: $67,500,000 committed, vintage 2023, net IRR 12.7%, 1.2xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Jan 19, 2023B Capital Global Growth III, L.P. filed Form D/A: $1,588,259,000 sold of $1,588,259,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 31, 2022B Capital Global Growth III, LP first reported on Form ADV by B Capital Group (Venture Capital Fund), GAV $1,124,087,758Fund 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)
- Mar 3, 2022B Capital Global Growth III, L.P. filed Form D: $1,111,000,000 sold (indefinite offering), Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
33 observations
Every observation on this vehicle
- Adv pdf fund: B CAPITAL GLOBAL GROWTH III, LP Sep 14, 2026 Fact IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Entity type: Limited Partnership Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: CAYMAN ISLANDS Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: CAYMAN ISLANDS Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $1.6B Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $1.1B Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $1.6B Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2021-07-06 Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2021-07-06 Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 122 Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 101 Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: C/O B CAPITAL GROUP MANAGEMENT, L.P., 1240 ROSECRANS AVE., 5TH FLOOR, MANHATTAN BEACH, CA, 90266 Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: C/O B CAPITAL GROUP MANAGEMENT, L.P., 1240 ROSECRANS AVE., 5TH FLOOR, MANHATTAN BEACH, CA, 90266 Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Jan 19, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Mar 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)