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 / Primary Select Fund III, L.P.

Primary Select Fund III, L.P.

Active deploymentUnknownGrowth fundADV: Venture Capital FundPrimary VenturesDelaware
Amounts, each with its basis
Vintage
2023basis: adv first reported
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
$275Mwhat may be sold, not what was raised; file 021-450954, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of Jul 1, 2022
First sale
unknown
Reported GAV
$133Mon the Form ADV filed Mar 26, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
61
Reported on ADV
Mar 29, 2023 to Mar 26, 2024
Fundraising evidence
Unknown
latest Form D 2022-07-01, older than 15 months (fr-1)
evidence dated Jul 1, 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
Active deployment
vintage 2 to 4 years
age years: 3first sale: n/avintage year: $2,023adv gav as of: 2024-03-26vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $275Mform d latest filed at: 2022-07-01
The fund's own reporting through time
3 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2023Venture Capital Fund$102M
52$90,0002%yes
Jul 24, 2023Venture Capital Fund$102M
52$90,0002%yes
Mar 26, 2024Venture Capital Fund$133M
61$60,0002%yes
Principals and agents
6 principals on Form D, 0 placement agents
Limited partners and their reported performance
2 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
New York State Common Retirement Fund osc.ny.gov2023$30.0M$16.9M$0$19.8Mnot meaningful yet1.2xMar 31, 2025
New York State Common Retirement Fund osc.ny.gov2023$30.0Mn/an/an/anot meaningful yetunknownMar 29, 2023

Each 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).

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
  1. Mar 31, 2025
    NYSCRF reports Primary Select Fund III, LP: $30,000,000 committed, vintage 2023
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. Mar 29, 2023
    NYSCRF commits $30,000,000 to Primary Select Fund III, L.P. (Primary) (Primary Venture Partners), closed 2023-03-29, existing relationship
    LP commitment closed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Mar 29, 2023
    Primary Select Fund III, L.P. first reported on Form ADV by Primary Ventures (Venture Capital Fund), GAV $101,833,000
    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)
  4. Jul 1, 2022
    Primary Select Fund III, L.P. filed Form D: no sales yet of $275,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle