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 / Stepstone Vc Secondaries Fund III, L.P.

Stepstone Vc Secondaries Fund III, L.P.

Active deploymentUnknownFundADV: Venture Capital FundStepstone Group LPDelaware

Amounts, each with its basis

Vintage: 2022basis: 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: $325Mwhat may be sold, not what was raised; file 021-301284, sworn by the adviser or filed under this vehicle
Form D sold: $0as of the filing of Dec 20, 2017
First sale: unknown
Reported GAV: $579Mon the Form ADV filed Jul 30, 2024; the fund's assets, never its size or dry powder
Owners (ADV): 155
Reported on ADV: Jun 28, 2022 to Jul 30, 2024

Fundraising evidence

Unknown

latest Form D 2017-12-20, older than 15 months (fr-1)

evidence dated Dec 20, 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

Active deployment

vintage 2 to 4 years

age years: 4first sale: n/avintage year: $2,022adv gav as of: 2024-07-30vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $325Mform d latest filed at: 2017-12-20

The fund's own reporting through time

22 Form ADV filings

Filed	Type	Gross asset value	Owners	Min. investment	Adviser-owned	Audit
Mar 8, 2018	Venture Capital Fund	$330M	155	$50,000	2%	yes
Mar 28, 2018	Venture Capital Fund	$330M	155	$50,000	2%	yes
Apr 24, 2018	Venture Capital Fund	$330M	155	$50,000	2%	yes
Mar 19, 2019	Venture Capital Fund	$330M	155	$50,000	2%	yes
Mar 26, 2019	Venture Capital Fund	$330M	155	$50,000	2%	yes
Apr 25, 2019	Venture Capital Fund	$330M	155	$50,000	2%	yes
Aug 13, 2019	Venture Capital Fund	$330M	155	$50,000	2%	yes
Aug 14, 2019	Venture Capital Fund	$330M	155	$50,000	2%	yes
Nov 11, 2019	Venture Capital Fund	$330M	155	$50,000	2%	yes
Mar 19, 2020	Venture Capital Fund	$370M	155	$50,000	2%	yes
Mar 29, 2021	Venture Capital Fund	$526M	155	$50,000	2%	yes
Oct 1, 2021	Venture Capital Fund	$526M	155	$50,000	2%	yes
Oct 1, 2021	Venture Capital Fund	$526M	155	$50,000	2%	yes
Jun 28, 2022	Venture Capital Fund	$1.4B	155	$50,000	2%	yes
May 4, 2023	Venture Capital Fund	$1.4B	155	$50,000	2%	yes
May 4, 2023	Venture Capital Fund	$1.4B	155	$50,000	2%	yes
Jun 29, 2023	Venture Capital Fund	$555M	155	$50,000	2%	yes
Sep 11, 2023	Venture Capital Fund	$555M	155	$50,000	2%	yes
Jan 18, 2024	Venture Capital Fund	$555M	155	$50,000	2%	yes
Jan 25, 2024	Venture Capital Fund	$555M	155	$50,000	2%	yes
Jun 28, 2024	Venture Capital Fund	$579M	155	$50,000	2%	yes
Jul 30, 2024	Venture Capital Fund	$579M	155	$50,000	2%	yes

Principals and agents

7 principals on Form D, 4 placement agents

C. Ashton Newhall Director
James Ashton Lim Director
Greenspring Associates, L.P. Director
Eric Ashton Thompson Executive Officer
Greenspring Secondaries General Partner III, L.P. Director
Greenspring Secondaries GP III, LLC Director
Lindsay Ashton Redfield Executive Officer
Principle Advisory Services placement agent
Innovation Partners LLC placement agent
VCP Advisors LLC placement agent
Capital Advisory Partners New Zealand Limited 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 8, 2018
Greenspring Secondaries Fund III, L.P. first reported on Form ADV by Greenspring Associates, Inc. (Venture Capital Fund), GAV $330,000,000
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)
Dec 20, 2017
Greenspring Secondaries Fund III, L.P. filed Form D: no sales yet of $325,000,000, Private Equity Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)

Evidence

15 observations

Every observation on this vehicle

Entity type: Limited Partnership Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Private Equity Fund Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: false Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Revenue range (Form D): Not Applicable Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $0 Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $325M Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06b, 3C, 3C.7 Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 0 Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Office address: 100 PAINTERS MILL ROAD, SUITE 700, OWINGS MILLS, MD, 21117 Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2017 Dec 20, 2017 Fact SEC EDGAR Form D data sets (quarterly)