DFX Intelligence
Shine Capital III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising 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.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days. Last change: 3 Mar 2025, Latest Form D filed on 3 Mar 2025: no amount sold reported of $200M offered. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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 021-539688, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Mar 3, 2025
- First sale
- unknown
- Reported GAV
- $169Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 22
- Reported on ADV
- unknown
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 2025-03-03, older than 15 months (fr-1)
evidence dated Mar 3, 2025.
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 31, 2026vintage basis: n/aform d sold: $0form d offering: $200Mform d latest filed at: Mar 3, 2025
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2026 | Venture Capital Fund | $169M | 22 | $100,000 | 2% |
Principals and agents
2 principals on Form D, 0 placement agents
- Mo Koyfman Executive Officer
- Shine Capital III GP, LLC Executive Officer
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorBDO · PHILADELPHIA, Pennsylvania, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · DENVER, Colorado, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 31, 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
3 events
- Mar 31, 2026Shine Capital III, L.P. first reported on Form ADV by Shine Capital (Venture Capital Fund), GAV $169,404,569Fund first reported on Form ADV Inference Form ADV
- Mar 3, 2025Shine Capital filed the first Form D for Shine Capital III, L.P. (fund 3), its next fund after Shine Capital II, L.P. (vintage 2022); offering $200.0MFund next filed Inference no URL
- Mar 3, 2025Shine Capital 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 Mar 3, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Mar 3, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 3, 2025 Fact Form D
- Amendment: false Mar 3, 2025 Fact Form D
- Revenue range (Form D): Not Applicable Mar 3, 2025 Fact Form D
- Incorporated: withinFiveYears Mar 3, 2025 Fact Form D
- Jurisdiction: Delaware Mar 3, 2025 Fact Form D
- Amount sold (Form D): $0 Mar 3, 2025 Fact Form D
- Offering amount (Form D): $200M Mar 3, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Mar 3, 2025 Fact Form D
- Investors (Form D): 0 Mar 3, 2025 Fact Form D
- Minimum investment (Form D): 0 Mar 3, 2025 Fact Form D
- Securities offered: pooled Mar 3, 2025 Fact Form D
- Office address: Mar 3, 2025 Fact Form D
- Year of incorporation: 2025 Mar 3, 2025 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Shine Capital 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 ADV2026-03-31source on record
- Form D filed2025-03-03source 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.