3L Capital
3L Capital last closed a fund in December 2023 — 35 months ago. By its own rhythm, that is already past its usual gap.
3L Capital has raised 3 times about every 31 months. The last was 3L Opportunities II-M, LP. That pointed to Jul 2026. It is 4 months past its own gap and has not filed a new fund.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 7
- Capital raised
- $632M+
- Latest close
- December 2023
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| 3L Opportunities II-M, LP | December 2023 | not stated | 0001999552 ↗ |
| 3L Opportunities I-R, LLC | July 2021 | $9M | 0001872531 ↗ |
| 3L GigEm, LP | May 2021 | $7M | 0001862909 ↗ |
| 3L Capital RO, LLC | March 2019 | $6M | 0001768769 ↗ |
| 3L Capital SDC, LLC | October 2018 | $10M | 0001756947 ↗ |
| 3L Capital I, LP | October 2018 | $200M | 0001752387 ↗ |
| 3L Capital II, LP | — | $400M | 0001814136 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
David Leyrer, Jacob Kotzubei, Philip Norment, Shawn Colo
What 3L Capital invests in
- Typical fund
- $10M median, pre-seed / seed scale
- Website
- 3lcap.com
Service providers
- Fund administrator
- Standish (5 funds)
- Auditor
- CohnReznick (5 funds)
From Form ADV filed by 3L CAPITAL MANAGEMENT, LLC CRD 294003 ↗, latest filing March 2026, covering 5 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.