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 / Bullpen Capital III, L.P.
Bullpen Capital III, L.P.
Amounts, each with its basis
- Vintage
- 2016basis: 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
- $83.6Mwhat may be sold, not what was raised; file 021-262950, sworn by the adviser or filed under this vehicle
- Form D sold
- $83.6Mas of the filing of May 15, 2017, 100 investors
- First sale
- May 12, 2016
- Reported GAV
- $96.1Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 98
- Reported on ADV
- Nov 3, 2016 to Mar 27, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2017-05-15: the stated $83.6M offering reported fully sold (fr-1)
evidence dated May 15, 2017. 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: 10first sale: 2016-05-12vintage year: $2,016adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $83.6Mform d offering usd: $83.6Mform d latest filed at: 2017-05-15
The fund's own reporting through time
9 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Nov 3, 2016 | Venture Capital Fund | $64.9M | 67 | $25,000 | 1% | yes | |
| Mar 27, 2017 | Venture Capital Fund | $70.4M | 73 | $25,000 | 1% | yes | |
| Mar 29, 2018 | Venture Capital Fund | $95.3M | 98 | $25,000 | 1% | yes | |
| Mar 17, 2019 | Venture Capital Fund | $111M | 98 | $25,000 | 1% | yes | |
| Feb 14, 2020 | Venture Capital Fund | $127M | 98 | $25,000 | 1% | yes | |
| Mar 5, 2021 | Venture Capital Fund | $121M | 98 | $25,000 | 1% | yes | |
| Mar 29, 2022 | Venture Capital Fund | $171M | 98 | $25,000 | 1% | yes | |
| Mar 28, 2023 | Venture Capital Fund | $102M | 98 | $25,000 | 1% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $96.1M | 98 | $25,000 | 1% | yes |
Principals and agents
3 principals on Form D, 0 placement agents
- Paul Martino Executive Officer
- Eric Wiesen Executive Officer
- Duncan Davidson Executive Officer
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
- May 15, 2017Bullpen Capital III, L.P. filed Form D/A: $83,640,000 sold of $83,640,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Nov 3, 2016Bullpen Capital III, L.P. first reported on Form ADV by Bullpen Capital (Venture Capital Fund), GAV $64,855,141Fund 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)
- May 11, 2016Bullpen Capital III, L.P. filed Form D: no sales yet of $75,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
30 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: yetToBeFormed May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $83.6M May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $83.6M May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $75.0M May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2016-05-12 May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 100 May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 215 2nd Street, San Francisco, CA, 94105 May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 2108 SAND HILL ROAD, MENLO PARK, CA, 94025 May 11, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2016 May 15, 2017 Fact SEC EDGAR Form D data sets (quarterly)