Third Prime
Also known as Third Prime Capital Management
New York, United States thirdprime.vc New York ecosystem (#2 of 32)
Third Prime’s latest fund is Third Prime Alpha Fund IV: $88M, 2024 (interim close), #252 of 427 firms by latest fund.
The numbers
| Year | Raised |
|---|---|
| 2019 | $36M |
| 2024 | $88M |
Updates from Third Prime
Overview
New York and Nashville early-stage venture firm. Sizes are the amounts sold its Form Ds report for each Alpha fund; Third Prime Alpha Fund III filed in 2021 without an amount sold, and its 2021 Third Prime Crypto Fund (US$23.3M sold) is a separate strategy. Registered with the SEC as Third Prime Capital Management.
Funds
LPs on the record
2 private foundations list on their latest IRS Form 990-PF, and 1 other LP reports holding Third Prime’s funds.
- Korea Venture Investment Corp. (Foreign VC Investment Fund)
- Bimah Foundation
- The Ellen and Ian Graham Foundation Inc
Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Reported fund performance
As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.
| Fund | Vintage | Net IRR | Versus vintage (IRR) | TVPI | DPI | Reported by |
|---|---|---|---|---|---|---|
| Third Prime Alpha Fund IV | — | N/M | — | — | Korea Venture Investment Corp. (Foreign VC Investment Fund) |
Korea Venture Investment Corp. (Foreign VC Investment Fund): Partnership Fund Status of Foreign VC Investment Fund, as of July 31, 2026. Korea Venture Investment Corp., the Korean government's fund-of-funds manager, lists on its English website every fund its Foreign VC Investment Fund has committed to, with the fund's name, its general partner, the fund's size and "KVIC's Commitment", in millions of US dollars. The commitment is shown here as printed, times one million; KVIC reports the amounts in US dollars, so nothing is converted. The fund's own size and the general partner column are not imported, and KVIC reports no vintage year, paid-in amount, distributions, value, multiple or IRR per fund, so those are blank. The page has 2 tables, all included: "Partnership Fund Status of Foreign VC Investment Fund", as of 2026-07-31, has 64 funds which add up to $521.8 million while the page prints a total of $536.9 million (the page does not explain the difference); "Partnership Fund Status of Foreign VC Investment Fund II", as of 2023-12-31, has 26 funds which add up to the printed total of $252.11 million. The as-of date here is the latest of the tables' dates. KVIC's domestic Korea Fund of Funds and its Angel Fund of Funds are not part of this list. View source
About this data
Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.
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