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 / Adit Growth Equity III, LLC

Adit Growth Equity III, LLC

MatureUnknownGrowth fundADV: Private Equity FundAdit 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
indefinitewhat 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 021-401486
Form D sold
$53.9Mas of the filing of Jun 2, 2022, 234 investors
First sale
Oct 10, 2019
Reported GAV
$8.3Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
76
Reported on ADV
Mar 18, 2020 to Mar 29, 2024
Fundraising evidence
Unknown
latest Form D 2022-06-02, older than 15 months (fr-1)
evidence dated Jun 2, 2022. 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: 2019-10-10vintage year: $2,019adv gav as of: 2024-03-29vintage basis: form_d_first_saleform d sold usd: $53.9Mform d offering usd: n/aform d latest filed at: 2022-06-02
The fund's own reporting through time
6 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 18, 2020Venture Capital Fund$2.7M
5$500,0000%no
Mar 23, 2021Venture Capital Fund$11.0M
76$500,0005%yes
Mar 31, 2022Venture Capital Fund$10.6M
71$500,00018%yes
Apr 5, 2022Venture Capital Fund$10.6M
71$500,00018%yes
Mar 2, 2023Venture Capital Fund$76.6M
71$500,0000%yes
Mar 29, 2024Private Equity Fund$8.3M
76$500,0004%yes
Principals and agents
5 principals on Form D, 0 placement agents
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. Jun 2, 2022
    Adit Growth Equity III, LLC filed Form D/A: $53,947,603 sold (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Jun 2, 2021
    Adit Growth Equity III, LLC filed Form D: $32,376,877 sold (indefinite offering), Pooled Investment Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Mar 18, 2020
    Adit Growth Equity III, LLC first reported on Form ADV by Adit Ventures Management, LLC (Venture Capital Fund), GAV $2,672,149
    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)
Evidence
31 observations
Every observation on this vehicle