DFX Intelligence
NEW Science Ventures Fund III, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 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
- -39%reported GAV
Reported gross assets fell from $65.9M to $40.3M between the Form ADV filings of 1 Aug 2024 and 17 Aug 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
- 2014basis: 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
- $100Mwhat may be sold, not what was raised; file 021-219113, sworn by the adviser or filed under this vehicle
- Form D sold
- $23.9Mas of the filing of Jul 16, 2014, 27 investors
- First sale
- May 30, 2014
- Reported GAV
- $40.3Mon the Form ADV filed Aug 17, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 46
- Reported on ADV
- Mar 27, 2015 to Aug 17, 2026
Fundraising evidence
What 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 2014-07-16, older than 15 months (fr-1)
evidence dated Jul 16, 2014.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 12first sale: May 30, 2014vintage year: 2014adv gav as of: Aug 17, 2026vintage basis: Form d first saleform d sold: $23.9Mform d offering: $100Mform d latest filed at: Jul 16, 2014
The fund's own reporting through time
18 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2015 | Venture Capital Fund | $30.2M | 42 | $100,000 | 2% | yes | |
| Mar 30, 2016 | Venture Capital Fund | $53.2M | 46 | $100,000 | 11% | yes | |
| Mar 30, 2017 | Venture Capital Fund | $72.4M | 46 | $100,000 | 14% | yes | |
| Mar 22, 2018 | Venture Capital Fund | $97.4M | 46 | $100,000 | 5% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $97.4M | 46 | $100,000 | 5% | yes | |
| May 9, 2018 | Venture Capital Fund | $97.4M | 46 | $100,000 | 5% | yes | |
| Mar 26, 2019 | Venture Capital Fund | $88.3M | 46 | $100,000 | 5% | yes | |
| Mar 27, 2020 | Venture Capital Fund | $79.8M | 46 | $100,000 | 5% | yes | |
| Aug 3, 2020 | Venture Capital Fund | $79.8M | 46 | $100,000 | 5% | yes | |
| Sep 10, 2020 | Venture Capital Fund | $75.0M | 46 | $100,000 | 5% | yes | |
| Mar 19, 2021 | Venture Capital Fund | $72.6M | 46 | $100,000 | 5% | yes | |
| Mar 28, 2022 | Venture Capital Fund | $110M | 46 | $100,000 | 5% | yes | |
| Mar 29, 2022 | Venture Capital Fund | $110M | 46 | $100,000 | 5% | yes | |
| Mar 22, 2023 | Venture Capital Fund | $101M | 46 | $100,000 | 5% | yes | |
| Jul 11, 2023 | Venture Capital Fund | $83.3M | 46 | $100,000 | 5% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $67.8M | 46 | $100,000 | 5% | yes | |
| Aug 1, 2024 | Venture Capital Fund | $65.9M | 46 | $100,000 | 5% | yes | |
| Aug 17, 2026 | Venture Capital Fund | $40.3M | 46 | $100,000 | 5% |
Principals and agents
2 principals on Form D, 0 placement agents
- Somu Subramaniam Executive Officer/Promoter
- Thomas J.A. Lavin Executive Officer/Promoter
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorBDO · RALEIGH, North Carolina, United StatesForm ADV filed Aug 17, 2026 reports.adviserinfo.sec.gov
- AdministratorTMF GROUP FKA VENTURE BACK OFFICE, INC. · CARY, North Carolina, United StatesForm ADV filed Aug 17, 2026 reports.adviserinfo.sec.gov
- CustodianGRASSHOPPER BANK · NEW YORK, New York, United StatesForm ADV filed Aug 17, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose 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 allocators
What 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
5 events
- Mar 30, 2016Auditor changed: BDO replaced KPMG, first reported on the Form ADV filed March 30, 2016 (previous filing March 27, 2015)Auditor changed Fact Form ADV
- Mar 27, 2015NEW Science Ventures Fund III, LP first reported on Form ADV by NSV Management LLC (Venture Capital Fund), GAV $30,232,204Fund first reported on Form ADV Fact Form ADV
- Jul 23, 2014New Science Ventures Fund III, L.P. filed Form D/A: $25,350,000 sold of $100,000,000, Venture Capital FundForm D filed Fact Form D
- Jul 16, 2014New Science Ventures Fund III, L.P. filed Form D/A: $23,850,000 sold of $100,000,000, Venture Capital FundForm D filed Fact Form D
- Jun 13, 2014New Science Ventures Fund III, L.P. filed Form D: $12,350,000 sold of $100,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
48 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 23, 2014 Fact Form D
- Entity type: Limited Partnership Jul 16, 2014 Fact Form D
- Entity type: Limited Partnership Jun 13, 2014 Fact Form D
- Form D fund type: Venture Capital Fund Jul 23, 2014 Fact Form D
- Form D fund type: Venture Capital Fund Jul 16, 2014 Fact Form D
- Form D fund type: Venture Capital Fund Jun 13, 2014 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 23, 2014 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 16, 2014 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 13, 2014 Fact Form D
- Amendment: true Jul 23, 2014 Fact Form D
- Amendment: true Jul 16, 2014 Fact Form D
- Amendment: false Jun 13, 2014 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 23, 2014 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 16, 2014 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 13, 2014 Fact Form D
- Incorporated: withinFiveYears Jul 23, 2014 Fact Form D
- Incorporated: withinFiveYears Jul 16, 2014 Fact Form D
- Incorporated: withinFiveYears Jun 13, 2014 Fact Form D
- Jurisdiction: Delaware Jul 23, 2014 Fact Form D
- Jurisdiction: Delaware Jul 16, 2014 Fact Form D
- Jurisdiction: Delaware Jun 13, 2014 Fact Form D
- Amount sold (Form D): $25.4M Jul 23, 2014 Fact Form D
- Amount sold (Form D): $23.9M Jul 16, 2014 Fact Form D
- Amount sold (Form D): $12.3M Jun 13, 2014 Fact Form D
- Offering amount (Form D): $100M Jul 23, 2014 Fact Form D
- Offering amount (Form D): $100M Jul 16, 2014 Fact Form D
- Offering amount (Form D): $100M Jun 13, 2014 Fact Form D
- Exemptions: 06b Jul 23, 2014 Fact Form D
- Exemptions: 06b Jul 16, 2014 Fact Form D
- Exemptions: 06b Jun 13, 2014 Fact Form D
- First sale: 2014-05-30 Jul 23, 2014 Fact Form D
- First sale: 2014-05-30 Jul 16, 2014 Fact Form D
- First sale: 2014-05-30 Jun 13, 2014 Fact Form D
- Investors (Form D): 28 Jul 23, 2014 Fact Form D
- Investors (Form D): 27 Jul 16, 2014 Fact Form D
- Investors (Form D): 24 Jun 13, 2014 Fact Form D
- Minimum investment (Form D): 1 Jul 23, 2014 Fact Form D
- Minimum investment (Form D): 1 Jul 16, 2014 Fact Form D
- Minimum investment (Form D): 1 Jun 13, 2014 Fact Form D
- Securities offered: pooled Jul 23, 2014 Fact Form D
- Securities offered: pooled Jul 16, 2014 Fact Form D
- Securities offered: pooled Jun 13, 2014 Fact Form D
- Office address: Jul 23, 2014 Fact Form D
- Office address: Jul 16, 2014 Fact Form D
- Office address: Jun 13, 2014 Fact Form D
- Year of incorporation: 2014 Jul 23, 2014 Fact Form D
- Year of incorporation: 2014 Jul 16, 2014 Fact Form D
- Year of incorporation: 2014 Jun 13, 2014 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
NEW Science Ventures Fund III, LP 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
4 dated events on the change ledger, latest event first
- Fund first reported on ADV2015-03-27source on record
- Form D filed2014-07-23source on record
- Form D filed2014-07-16source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.