ERP Funds III, LLC
ERP Funds III, LLC is a private equity fund based in Midland, Texas. According to its most recent Form D, filed Sep 27, 2021, it has sold $50,000,000 of interests to 72 investors since its first sale in Jul 2020. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Erp GP III, LLC; Meghan Berry; WIlliam Meyer II.
- Total raised
- $50,000,000Cumulative sales reported on Form D
- Investors
- 72
- First sale
- Jul 31, 2020
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Erp GP III, LLC; Meghan Berry; WIlliam Meyer II
- Latest Form D
- Sep 27, 2021
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
Questions about ERP Funds III, LLC
What is the minimum investment for ERP Funds III, LLC?
ERP Funds III, LLC's latest Form D, filed Sep 27, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in ERP Funds III, LLC?
ERP Funds III, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has ERP Funds III, LLC raised?
ERP Funds III, LLC reports $50,000,000 sold from 72 investors on its Form D filed Sep 27, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is ERP Funds III, LLC based?
ERP Funds III, LLC is based in Midland, Texas.
When did ERP Funds III, LLC launch?
ERP Funds III, LLC reports its first sale in Jul 2020.
Size compared with every private equity fund
Raised more than 80% of the 1,404 private equity funds based in Texas, and more than 63% of all 8,918 that report sales.