Mayfield Select III, a Delaware Limited Partnership
Mayfield Select III, a Delaware Limited Partnership is a venture capital fund based in Menlo Park, California. According to its most recent Form D, filed May 9, 2025, it has sold $550,000,000 of interests to 78 investors since its first sale in May 2023. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Navin Chaddha; General Partner Mayfield Select III Management, L.l.c.
- Total raised
- $550,000,000Cumulative sales reported on Form D
- Investors
- 78
- First sale
- May 1, 2023
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Navin Chaddha; General Partner Mayfield Select III Management, L.l.c
- Latest Form D
- May 9, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Track record reported by a public pension
| Vintage | Fund | TVPI | Net IRR | DPI |
|---|---|---|---|---|
| 2025 | Mayfield Select III | 1.39x | n.m. | 0.00x |
| 2021 | Mayfield Select II | 1.72x | 19.6% | 0.00x |
| 2017 | Mayfield Select | 1.90x | 16.1% | 1.14x |
Returns of funds in this family as reported by Oregon PERS for its own investments, as of Jun 30, 2026, net of fees. Matched by fund name, so a fund listed here may be a related vehicle rather than this exact fund. Funds under about three years old are often not meaningful (n.m.). The pension cautions that these figures do not reflect expected future returns and should not be used to compare funds. Source report ↗ · What TVPI, IRR and DPI mean
Questions about Mayfield Select III, a Delaware Limited Partnership
What is the minimum investment for Mayfield Select III, a Delaware Limited Partnership?
Mayfield Select III, a Delaware Limited Partnership's latest Form D, filed May 9, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Mayfield Select III, a Delaware Limited Partnership?
Mayfield Select III, a Delaware Limited Partnership is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Mayfield Select III, a Delaware Limited Partnership raised?
Mayfield Select III, a Delaware Limited Partnership reports $550,000,000 sold from 78 investors on its Form D filed May 9, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Mayfield Select III, a Delaware Limited Partnership based?
Mayfield Select III, a Delaware Limited Partnership is based in Menlo Park, California.
When did Mayfield Select III, a Delaware Limited Partnership launch?
Mayfield Select III, a Delaware Limited Partnership reports its first sale in May 2023.
Size compared with every venture capital fund
Raised more than 99% of the 2,268 venture capital funds based in California, and more than 100% of all 15,160 that report sales.