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 / Meritage Fund III, L.P.

Meritage Fund III, L.P.

HarvestUnknownFundADV: Venture Capital FundMeritage Holdings, LLCDelaware

Amounts, each with its basis

Vintage: 2008basis: 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: $150Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.70); file 021-125317
Form D sold: $81.3Mas of the filing of Dec 4, 2009, 13 investors
First sale: Dec 10, 2008
Reported GAV: $17.5Mon the Form ADV filed Mar 8, 2024; the fund's assets, never its size or dry powder
Owners (ADV): 14
Reported on ADV: Mar 23, 2012 to Mar 8, 2024
Structure: master

Fundraising evidence

Unknown

latest Form D 2009-12-04, older than 15 months (fr-1)

evidence dated Dec 4, 2009. 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

Harvest

vintage over 7 years, still reported

age years: 18first sale: 2008-12-10vintage year: $2,008adv gav as of: 2024-03-08vintage basis: form_d_first_saleform d sold usd: $81.3Mform d offering usd: $150Mform d latest filed at: 2009-12-04

The fund's own reporting through time

13 Form ADV filings

Filed	Type	Gross asset value	Owners	Min. investment	Adviser-owned	Audit
Mar 23, 2012	Venture Capital Fund	$17.9M	18	$1.0M	6%	yes
Mar 8, 2013	Venture Capital Fund	$85.4M	18	$1.0M	6%	yes
Mar 24, 2014	Venture Capital Fund	$82.6M	18	$1.0M	6%	yes
Mar 11, 2015	Venture Capital Fund	$60.1M	18	$1.0M	6%	yes
Mar 14, 2016	Venture Capital Fund	$67.0M	14	$1.0M	6%	yes
Mar 13, 2017	Venture Capital Fund	$65.1M	14	$1.0M	6%	yes
Mar 8, 2018	Venture Capital Fund	$66.0M	14	$1.0M	6%	yes
Mar 14, 2019	Venture Capital Fund	$75.4M	14	$1.0M	6%	yes
Mar 10, 2020	Venture Capital Fund	$82.1M	14	$1.0M	6%	yes
Mar 23, 2021	Venture Capital Fund	$35.3M	14	$1.0M	6%	yes
Mar 28, 2022	Venture Capital Fund	$35.1M	14	$1.0M	6%	yes
Mar 21, 2023	Venture Capital Fund	$30.8M	14	$1.0M	6%	yes
Mar 8, 2024	Venture Capital Fund	$17.5M	14	$1.0M	6%	yes

Principals and agents

5 principals on Form D, 1 placement agents

Meritage Investment Partners III, LLC Director
Derek R. Pilling Director
Laura I. Beller Director
G. Jackson Tankersley, Jr. Director
John R. Garrett Director
Stanwich 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

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

2 events

Mar 23, 2012
Meritage Fund III, L.P. first reported on Form ADV by Meritage Holdings, LLC (Venture Capital Fund), GAV $17,889,419
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)
Dec 4, 2009
Meritage Fund III LP filed Form D/A: $81,272,500 sold of $150,000,000, Private Equity Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)

Evidence

16 observations

Every observation on this vehicle

Entity type: Limited Partnership Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Private Equity Fund Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: true Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Revenue range (Form D): Decline to Disclose Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $81.3M Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $150M Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06, 3C, 3C.1, 3C.7 Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
First sale: 2008-12-10 Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 13 Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 1,000,000 Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Office address: C/O MERITAGE INVESTMENT PARTNERS III LLC, 1600 WYNKOOP ST, SUITE 300, DENVER, CO, 80202 Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2008 Dec 4, 2009 Fact SEC EDGAR Form D data sets (quarterly)