DFJ Growth III, L.P.
1 additional principal, 1 additional placement agent
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 LP reportpublic disclosures
1 public LP report name this vehicle; the latest, Los Angeles City Employees' Retirement System as of 31 Dec 2025, shows $15M committed and net IRR 22.3%, 3.09x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners → - +71%reported GAV
Reported gross assets rose from $950M to $1.62B between the Form ADV filings of 9 Aug 2024 and 30 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Amounts, each with its basis
- Vintage
- 2018basis: 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
- $500Mwhat may be sold, not what was raised; file 021-265498, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 21, 2016
- First sale
- unknown
- Reported GAV
- $1.6Bon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 75
- Reported on ADV
- Mar 27, 2018 to Mar 30, 2026
Fundraising evidence
What counts as raisingA 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
Lifecycle
The fund's own reporting through time
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2018 | Venture Capital Fund | $515M | 75 | 0% | yes | ||
| Mar 27, 2018 | Venture Capital Fund | $507M | 75 | 0% | yes | ||
| Mar 22, 2019 | Venture Capital Fund | $525M | 75 | 0% | yes | ||
| Nov 27, 2019 | Venture Capital Fund | $525M | 75 | 0% | yes | ||
| Mar 30, 2020 | Venture Capital Fund | $623M | 75 | 0% | yes | ||
| Mar 29, 2021 | Venture Capital Fund | $931M | 75 | 0% | yes | ||
| Mar 29, 2022 | Venture Capital Fund | $1.0B | 75 | 0% | yes | ||
| May 20, 2022 | Venture Capital Fund | $1.0B | 75 | 0% | yes | ||
| Mar 29, 2023 | Venture Capital Fund | $961M | 75 | 0% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $950M | 75 | 0% | yes | ||
| Aug 9, 2024 | Venture Capital Fund | $950M | 75 | 0% | yes | ||
| Mar 30, 2026 | Venture Capital Fund | $1.6B | 75 | 0% |
Principals and agents
- Randall S. Glein Executive Officer
- Mark W. Bailey Executive Officer
- John H.N. Fisher Executive Officer
Service providers
- AuditorPwC · SAN JOSE, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach 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).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2017 | $15.0M | $14.8M | $8.1M | $37.8M | 22.3% | 3.1x | Dec 31, 2025 |
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $15.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Ruth Mott Foundation | FOUNDATION | $3.5M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025LACERS reports DFJ Growth III: $15,000,000 committed, vintage 2017, net IRR 22.3%, 3.09xLP commitment disclosed Fact Pension disclosure
- Mar 27, 2018DFJ Growth III, L.P. first reported on Form ADV by DFJ Growth (Venture Capital Fund), GAV $514,960,000Fund first reported on Form ADV Fact Form ADV
- Jun 21, 2016DFJ Growth 2016, L.P. filed Form D: no sales yet of $500,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
Every observation on this vehicle
- Entity type: Limited Partnership Jun 21, 2016 Fact Form D
- Form D fund type: Venture Capital Fund Jun 21, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 21, 2016 Fact Form D
- Amendment: false Jun 21, 2016 Fact Form D
- Revenue range (Form D): Not Applicable Jun 21, 2016 Fact Form D
- Incorporated: yetToBeFormed Jun 21, 2016 Fact Form D
- Jurisdiction: Delaware Jun 21, 2016 Fact Form D
- Amount sold (Form D): $0 Jun 21, 2016 Fact Form D
- Offering amount (Form D): $500M Jun 21, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 21, 2016 Fact Form D
- Investors (Form D): 0 Jun 21, 2016 Fact Form D
- Minimum investment (Form D): 0 Jun 21, 2016 Fact Form D
- Securities offered: pooled Jun 21, 2016 Fact Form D
- Office address: Jun 21, 2016 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 10 capital paths
DFJ Growth III, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
DFJ Growth III, L.P. sits on 10 traced paths of capital across the graphs.
DFX traced 10 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- LP commitment disclosed2025-12-31source on record
- Fund first reported on ADV2018-03-27source on record
- Form D filed2016-06-21source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.