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 / Xfund 3, L.P.

Xfund 3, L.P.

MatureClosed to new capitalFundADV: Venture Capital FundXfund Management Company, 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
$120Mwhat may be sold, not what was raised; file 021-337585, sworn by the adviser or filed under this vehicle
Form D sold
$120Mas of the filing of Sep 3, 2020, 43 investors
First sale
Apr 18, 2019
Reported GAV
$110Mon the Form ADV filed Mar 11, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
44
Reported on ADV
Feb 14, 2020 to Mar 11, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2020-09-03: the stated $120.0M offering reported fully sold (fr-1)
evidence dated Sep 3, 2020. 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: 2019-04-18vintage year: $2,019adv gav as of: 2024-03-11vintage basis: form_d_first_saleform d sold usd: $120Mform d offering usd: $120Mform d latest filed at: 2020-09-03
The fund's own reporting through time
5 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Feb 14, 2020Venture Capital Fund$87.1M
30$50,0002%yes
Mar 15, 2021Venture Capital Fund$120M
44$50,0002%yes
Mar 10, 2022Venture Capital Fund$116M
44$50,0002%yes
Mar 29, 2023Venture Capital Fund$115M
44$50,0001%yes
Mar 11, 2024Venture Capital Fund$110M
44$50,0001%yes
Principals and agents
6 principals on Form D, 1 placement agents
  • Brandon Farwell Director
  • Xfund Management Company, LLC Director
  • Patrick Chung Director
  • Xfund 3, LLC Director
  • Xfund 3, LLC Promoter
  • Xfund Management Company, LLC Promoter
  • TopCap Partners, Inc. 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
  1. Sep 3, 2020
    Xfund 3, L.P. filed Form D/A: $120,000,000 sold of $120,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Feb 14, 2020
    Xfund 3, L.P. first reported on Form ADV by Xfund Management Company, LLC (Venture Capital Fund), GAV $87,092,426
    Fund 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)
  3. Apr 17, 2019
    Xfund 3, L.P. filed Form D: no sales yet of $100,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
46 observations
Every observation on this vehicle