Form D · Venture Capital Fund

Joy Capital III, L.P.

Grand Cayman, E9 · CIK 0001782835

Offering snapshot reported Jul 23, 2019 · SEC filing

Reported sold: $385M
Investors reported: 38
Minimum accepted: $0
First sale: Jul 9, 2019

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 23, 2019	Initial	$385,000,000	No comparison	38	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-344869

Source: Form D, filed Jul 23, 2019. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

JOY CAPITAL III, L.P.

Investment adviser: JOY CAPITAL MANAGEMENT, LTD.

Gross asset value: $526M
Beneficial owners: 39
ADV minimum commitment: $0

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands

Custodian DBS BANK LTD SINGAPORE, Singapore Related to adviser: No

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No

Custodian THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED HONG KONG, Hong Kong Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

PRICEWATERHOUSECOOPERS
PCAOB 1266

Filing source

Form ADV 2084721 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-2050422972

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Joy Capital I, L.P.	Jul 1, 2016	$200,000,000	25
Joy Capital II, L.P.	Aug 25, 2017	Yet to sell	0
Joy Capital III, L.P. (this fund)	Jul 23, 2019	$385,000,000	38
Joy Capital IV, L.P.	Jun 27, 2023	$155,000,000	7

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Erhai Liu	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Harneys Services (Cayman) Limited, Fl. 4 103 S Church, Po Box 10240, Harbour Pl
Grand Cayman, E9, KY1-1002