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 / Lerer Hippeau Select Fund III, LP
Lerer Hippeau Select Fund III, LP
MatureClosed to new capitalGrowth fundADV: Venture Capital FundLerer Hippeau Ventures Management, LLCDelaware
Amounts, each with its basis
- Vintage
- 2019basis: 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
- $84.1Mwhat may be sold, not what was raised; file 021-356038, sworn by the adviser or filed under this vehicle
- Form D sold
- $84.1Mas of the filing of Jul 15, 2021, 44 investors
- First sale
- Dec 20, 2019
- Reported GAV
- $136Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 44
- Reported on ADV
- Mar 30, 2020 to Mar 29, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2021-07-15: the stated $84.1M offering reported fully sold (fr-1)
evidence dated Jul 15, 2021. 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: 7first sale: 2019-12-20vintage year: $2,019adv gav as of: 2024-03-29vintage basis: form_d_first_saleform d sold usd: $84.1Mform d offering usd: $84.1Mform d latest filed at: 2021-07-15
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2020 | Venture Capital Fund | $46.7M | 37 | $25,000 | 2% | no | |
| Mar 26, 2021 | Venture Capital Fund | $67.2M | 40 | $25,000 | 2% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $165M | 44 | $25,000 | 2% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $153M | 44 | $25,000 | 2% | yes | |
| Sep 8, 2023 | Venture Capital Fund | $153M | 44 | $25,000 | 2% | yes | |
| Mar 29, 2024 | Venture Capital Fund | $136M | 44 | $25,000 | 2% | yes |
Principals and agents
5 principals on Form D, 1 placement agents
- Lerer Hippeau Ventures Management, LLC Promoter
- Benjamin Lerer Director
- Kenneth Lerer Director
- Eric Hippeau Director
- Lerer Hippeau Select Fund III GP, LLC Promoter
- GCA Advisors, LLC placement agent
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
- Jul 15, 2021Lerer Hippeau Select Fund III, LP filed Form D/A: $84,073,500 sold of $84,073,500, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 30, 2020Lerer Hippeau Select Fund III, LP first reported on Form ADV by Lerer Hippeau Ventures Management, LLC (Venture Capital Fund), GAV $46,716,000Fund 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)
- Dec 19, 2019Lerer Hippeau Select 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
46 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $84.1M Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $100M Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $84.1M Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $100M Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-12-20 Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 44 Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 100 CROSBY STREET, SUITE 308, NEW YORK, NY, 10012 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 100 CROSBY STREET, SUITE 308, NEW YORK, NY, 10012 Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 100 CROSBY STREET, SUITE 308, NEW YORK, NY, 10012 Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Jul 15, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Dec 19, 2019 Fact SEC EDGAR Form D data sets (quarterly)