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 / Conversion Capital Fund III, LP
Conversion Capital Fund III, LP
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
- $120Mwhat may be sold, not what was raised; file 021-394176, sworn by the adviser or filed under this vehicle
- Form D sold
- $120Mas of the filing of Jun 28, 2022, 96 investors
- First sale
- unknown
- Reported GAV
- $116Mon the Form ADV filed Mar 13, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 97
- Reported on ADV
- Apr 1, 2022 to Mar 13, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2022-06-28: the stated $120.1M offering reported fully sold (fr-1)
evidence dated Jun 28, 2022. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2024-03-13vintage basis: adv_first_reportedform d sold usd: $120Mform d offering usd: $120Mform d latest filed at: 2022-06-28
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Apr 1, 2022 | Venture Capital Fund | $68.8M | 97 | $100,000 | 1% | yes | |
| Mar 6, 2023 | Venture Capital Fund | $119M | 97 | $100,000 | 1% | yes | |
| Mar 13, 2024 | Venture Capital Fund | $116M | 97 | $100,000 | 1% | yes |
Principals and agents
3 principals on Form D, 0 placement agents
- Christian Lawless Executive Officer
- Conversion Capital, LLC Promoter
- Conversion Capital Fund III GP, LLC Director
Limited partners and their reported performance
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.
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
- Jun 28, 2022Conversion Capital Fund III, LP filed Form D/A: $120,100,000 sold of $120,100,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Apr 1, 2022Conversion Capital Fund III, LP first reported on Form ADV by Conversion Capital, LLC (Venture Capital Fund), GAV $68,759,282Fund 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 31, 2021Conversion Capital Fund III, LP filed Form D: no sales yet of $100,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
30 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $120M Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $120M Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $100M Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 96 Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 11431 IAGER BOULEVARD, FULTON, MD, 20759 Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 11431 IAGER BOULEVARD, FULTON, MD, 20759 Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Jun 28, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Mar 31, 2021 Fact SEC EDGAR Form D data sets (quarterly)