Sands Capital closed Global Innovation Fund III at $1.1 billion in March 2026, above its $1.0 billion target and described the fund as oversubscribed. Publicly disclosed LP anchors were Canada Pension Plan Investment Board (CPP Investments) and funds managed by Hamilton Lane; Sands also said the close was supported by existing LPs and drew interest from technology company founders and executives, though those additional LPs were not publicly named.
