DFX Intelligence
PVP Fund Iii-A, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital FundFeeder or parallel vehicle
A feeder, parallel or offshore vehicle of a main fund; its assets may overlap the main fund's.
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal
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
- +40%reported GAV
Reported gross assets rose from $32.2M to $45.1M between the Form ADV filings of 26 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
- 2020basis: 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
- $30.5Mwhat may be sold, not what was raised; file 021-390247, sworn by the adviser or filed under this vehicle
- Form D sold
- $30.5Mas of the filing of Feb 23, 2021, 2 investors
- First sale
- Sep 30, 2020
- Reported GAV
- $45.1Mon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 2
- Reported on ADV
- Mar 29, 2021 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.Closed to new capital
Form D filed or amended 2021-02-23: the stated $30.5M offering reported fully sold (fr-1)
evidence dated Feb 23, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 6first sale: Sep 30, 2020vintage year: 2020adv gav as of: Mar 26, 2026vintage basis: Form d first saleform d sold: $30.5Mform d offering: $30.5Mform d latest filed at: Feb 23, 2021
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2021 | Venture Capital Fund | $30.3M | 2 | $100,000 | 2% | no | |
| Mar 30, 2022 | Venture Capital Fund | $29.9M | 2 | $100,000 | 2% | no | |
| Mar 29, 2023 | Venture Capital Fund | $29.9M | 2 | $100,000 | 2% | no | |
| Jul 24, 2023 | Venture Capital Fund | $29.9M | 2 | $100,000 | 2% | no | |
| Mar 26, 2024 | Venture Capital Fund | $32.2M | 2 | $100,000 | 2% | yes | |
| Mar 26, 2026 | Venture Capital Fund | $45.1M | 2 | $100,000 | 2% |
Principals and agents
4 principals on Form D, 0 placement agents
- Benjamin K. Sun Executive Officer
- -- Primary Venture Partners III, LLC Promoter
- Anne K. Davey Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorPwC · HARTFORD, Connecticut, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · WALNUT CREEK, California, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianSTIFEL BANK · ST. LOUIS, Missouri, 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).1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| New York State Common Retirement Fund osc.ny.gov | 2020 | $30.0M | $26.8M | $20,144 | $34.7M | not meaningful yet | 1.3x | Mar 31, 2025 |
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.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | $30.0M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
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
- Mar 31, 2025NYSCRF reports PVP Fund III-A, LP: $30,000,000 committed, vintage 2020LP commitment disclosed Fact Pension disclosure
- Mar 26, 2024Administrator changed: Standish Management replaced LEVERPOINT MANAGEMENT, LLC, first reported on the Form ADV filed March 26, 2024 (previous filing July 24, 2023)Administrator changed Fact Form ADV
- Mar 29, 2021PVP Fund Iii-A, L.P. first reported on Form ADV by Primary Ventures (Venture Capital Fund), GAV $30,273,239Fund first reported on Form ADV Fact Form ADV
- Feb 23, 2021PVP Fund III-A, L.P. filed Form D: $30,456,853 sold of $30,456,853, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Feb 23, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Feb 23, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 23, 2021 Fact Form D
- Amendment: false Feb 23, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Feb 23, 2021 Fact Form D
- Incorporated: withinFiveYears Feb 23, 2021 Fact Form D
- Jurisdiction: Delaware Feb 23, 2021 Fact Form D
- Amount sold (Form D): $30.5M Feb 23, 2021 Fact Form D
- Offering amount (Form D): $30.5M Feb 23, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Feb 23, 2021 Fact Form D
- First sale: 2020-09-30 Feb 23, 2021 Fact Form D
- Investors (Form D): 2 Feb 23, 2021 Fact Form D
- Minimum investment (Form D): 0 Feb 23, 2021 Fact Form D
- Securities offered: Equity, pooled Feb 23, 2021 Fact Form D
- Office address: Feb 23, 2021 Fact Form D
- Year of incorporation: 2020 Feb 23, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 5 capital paths
Across the graphs
PVP Fund Iii-A, 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…
Capital chain
PVP Fund Iii-A, L.P. sits on 5 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 5 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- LP commitment disclosed2025-03-31source on record
- Fund first reported on ADV2021-03-29source on record
- Form D filed2021-02-23source 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.