DFX Intelligence
Questa Capital Partners III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 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
- +16%reported GAV
Reported gross assets rose from $392M to $453M between the Form ADV filings of 5 Aug 2024 and 13 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
- 2022basis: 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
- $397Mwhat may be sold, not what was raised; file 021-449140, sworn by the adviser or filed under this vehicle
- Form D sold
- $397Mas of the filing of Jun 13, 2023, 67 investors
- First sale
- Jun 15, 2022
- Reported GAV
- $453Mon the Form ADV filed Aug 13, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 67
- Reported on ADV
- Mar 30, 2023 to Aug 13, 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.Closed to new capital
Form D filed or amended 2023-06-13: the stated $396.6M offering reported fully sold (fr-1)
evidence dated Jun 13, 2023.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: Jun 15, 2022vintage year: 2022adv gav as of: Aug 13, 2026vintage basis: Form d first saleform d sold: $397Mform d offering: $397Mform d latest filed at: Jun 13, 2023
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2023 | Venture Capital Fund | $383M | 66 | 2% | no | ||
| Mar 28, 2024 | Venture Capital Fund | $392M | 67 | 4% | yes | ||
| Aug 5, 2024 | Venture Capital Fund | $392M | 67 | 4% | yes | ||
| Aug 13, 2026 | Venture Capital Fund | $453M | 67 | 4% |
Principals and agents
3 principals on Form D, 0 placement agents
- Questa Capital Partners III GP, L.L.C. Executive Officer
- Ryan Drant Executive Officer
- H. Bradley Sloan Executive Officer
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorPwC · SAN FRANCISCO, California, United StatesForm ADV filed Aug 13, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · WALNUT CREEK, California, United StatesForm ADV filed Aug 13, 2026 reports.adviserinfo.sec.gov
- CustodianHSBC BANK USA, N.A. · NEW YORK, New York, United StatesForm ADV filed Aug 13, 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.2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Moody Foundation | FOUNDATION | $6.2M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Healthy Communities Foundation | FOUNDATION | $466,553 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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 13, 2023Questa Capital Partners III, L.P. filed Form D/A: $396,565,000 sold of $396,565,000, Venture Capital FundForm D filed Fact Form D
- Mar 30, 2023Questa Capital Partners III, L.P. first reported on Form ADV by Questa Capital Management, L.L.C. (Venture Capital Fund), GAV $383,396,829Fund first reported on Form ADV Fact Form ADV
- Jun 14, 2022Questa Capital Partners III, L.P. filed Form D: no sales yet of $400,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 13, 2023 Fact Form D
- Entity type: Limited Partnership Jun 14, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jun 13, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Jun 14, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 13, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 14, 2022 Fact Form D
- Amendment: true Jun 13, 2023 Fact Form D
- Amendment: false Jun 14, 2022 Fact Form D
- Revenue range (Form D): Not Applicable Jun 13, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Jun 14, 2022 Fact Form D
- Incorporated: withinFiveYears Jun 13, 2023 Fact Form D
- Incorporated: withinFiveYears Jun 14, 2022 Fact Form D
- Jurisdiction: Delaware Jun 13, 2023 Fact Form D
- Jurisdiction: Delaware Jun 14, 2022 Fact Form D
- Amount sold (Form D): $397M Jun 13, 2023 Fact Form D
- Amount sold (Form D): $0 Jun 14, 2022 Fact Form D
- Offering amount (Form D): $397M Jun 13, 2023 Fact Form D
- Offering amount (Form D): $400M Jun 14, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jun 13, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 14, 2022 Fact Form D
- First sale: 2022-06-15 Jun 13, 2023 Fact Form D
- Investors (Form D): 67 Jun 13, 2023 Fact Form D
- Investors (Form D): 0 Jun 14, 2022 Fact Form D
- Minimum investment (Form D): 50,000 Jun 13, 2023 Fact Form D
- Minimum investment (Form D): 0 Jun 14, 2022 Fact Form D
- Securities offered: pooled Jun 13, 2023 Fact Form D
- Securities offered: pooled Jun 14, 2022 Fact Form D
- Office address: Jun 13, 2023 Fact Form D
- Office address: Jun 14, 2022 Fact Form D
- Year of incorporation: 2022 Jun 13, 2023 Fact Form D
- Year of incorporation: 2022 Jun 14, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Questa Capital Partners III, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2023-06-13source on record
- Fund first reported on ADV2023-03-30source on record
- Form D filed2022-06-14source 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.