DFX Intelligence
Pioneer Fund III (U.S.) L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +561%reported GAV
Reported gross assets rose from $8.4M to $55.5M between the Form ADV filings of 28 Mar 2024 and 26 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
- 2023basis: 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
- indefinitewhat may be sold, not what was raised; file 021-480788, sworn by the adviser or filed under this vehicle
- Form D sold
- $39.5Mas of the filing of May 6, 2025, 74 investors
- First sale
- Apr 26, 2023
- Reported GAV
- $55.5Mon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 82
- Reported on ADV
- Mar 28, 2024 to Mar 26, 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 2025-05-06, older than 15 months (fr-1)
evidence dated May 6, 2025.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Apr 26, 2023vintage year: 2023adv gav as of: Mar 26, 2026vintage basis: Form d first saleform d sold: $39.5Mform d offering: n/aform d latest filed at: May 6, 2025
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 28, 2024 | Venture Capital Fund | $8.4M | 21 | $200,000 | 0% | no | |
| Mar 26, 2026 | Venture Capital Fund | $55.5M | 82 | $200,000 | 0% |
Principals and agents
5 principals on Form D, 0 placement agents
- (none) Pioneer Fund II Management Corp. Executive Officer
- (none) Pioneer Fund III GP, LP Executive Officer
- Michael Dilworth Executive Officer
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorMNP LLP · TORONTO, CanadaForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 26, 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
4 events
- May 6, 2025Pioneer Fund III (U.S.) L.P. filed Form D/A: $39,459,475 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
- May 3, 2024Pioneer Fund III (U.S.) L.P. filed Form D/A: $10,450,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
- Mar 28, 2024Pioneer Fund III (U.S.) L.P. first reported on Form ADV by Pioneer Fund (Venture Capital Fund), GAV $8,399,088Fund first reported on Form ADV Fact Form ADV
- May 4, 2023Pioneer Fund III (U.S.) L.P. filed Form D: $100,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
48 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 6, 2025 Fact Form D
- Entity type: Limited Partnership May 3, 2024 Fact Form D
- Entity type: Limited Partnership May 4, 2023 Fact Form D
- Form D fund type: Venture Capital Fund May 6, 2025 Fact Form D
- Form D fund type: Venture Capital Fund May 3, 2024 Fact Form D
- Form D fund type: Venture Capital Fund May 4, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund May 6, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund May 3, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund May 4, 2023 Fact Form D
- Amendment: true May 6, 2025 Fact Form D
- Amendment: true May 3, 2024 Fact Form D
- Amendment: false May 4, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose May 6, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose May 3, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose May 4, 2023 Fact Form D
- Incorporated: withinFiveYears May 6, 2025 Fact Form D
- Incorporated: withinFiveYears May 3, 2024 Fact Form D
- Incorporated: withinFiveYears May 4, 2023 Fact Form D
- Jurisdiction: Delaware May 6, 2025 Fact Form D
- Jurisdiction: Delaware May 3, 2024 Fact Form D
- Jurisdiction: Delaware May 4, 2023 Fact Form D
- Amount sold (Form D): $39.5M May 6, 2025 Fact Form D
- Amount sold (Form D): $10.4M May 3, 2024 Fact Form D
- Amount sold (Form D): $100,000 May 4, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 May 6, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1 May 3, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1 May 4, 2023 Fact Form D
- First sale: 2023-04-26 May 6, 2025 Fact Form D
- First sale: 2023-04-26 May 3, 2024 Fact Form D
- First sale: 2023-04-26 May 4, 2023 Fact Form D
- Indefinite offering: true May 6, 2025 Fact Form D
- Indefinite offering: true May 3, 2024 Fact Form D
- Indefinite offering: true May 4, 2023 Fact Form D
- Investors (Form D): 74 May 6, 2025 Fact Form D
- Investors (Form D): 28 May 3, 2024 Fact Form D
- Investors (Form D): 1 May 4, 2023 Fact Form D
- Minimum investment (Form D): 0 May 6, 2025 Fact Form D
- Minimum investment (Form D): 0 May 3, 2024 Fact Form D
- Minimum investment (Form D): 0 May 4, 2023 Fact Form D
- Securities offered: pooled May 6, 2025 Fact Form D
- Securities offered: pooled May 3, 2024 Fact Form D
- Securities offered: pooled May 4, 2023 Fact Form D
- Office address: May 6, 2025 Fact Form D
- Office address: May 3, 2024 Fact Form D
- Office address: May 4, 2023 Fact Form D
- Year of incorporation: 2023 May 6, 2025 Fact Form D
- Year of incorporation: 2023 May 3, 2024 Fact Form D
- Year of incorporation: 2023 May 4, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Pioneer Fund III (U.S.) 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
3 dated events on the change ledger, latest event first
- Form D filed2025-05-06source on record
- Form D filed2024-05-03source on record
- Form D filed2023-05-04source 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.