HCG Digital Ventures III, LP is a private equity fund based in Raleigh, North Carolina. According to its most recent Form D, filed Oct 31, 2025, it has sold $3,625,000 of interests to 12 investors since its first sale in Oct 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Hadi Habal; Gretta Heaney; Jose Penabad.
- Total raised
- $3,625,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Oct 22, 2025
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Hadi Habal; Gretta Heaney; Jose Penabad
- Latest Form D
- Oct 31, 2025
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 HCG Digital Ventures III, LP
What is the minimum investment for HCG Digital Ventures III, LP?
HCG Digital Ventures III, LP's latest Form D, filed Oct 31, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in HCG Digital Ventures III, LP?
HCG Digital Ventures III, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has HCG Digital Ventures III, LP raised?
HCG Digital Ventures III, LP reports $3,625,000 sold from 12 investors on its Form D filed Oct 31, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is HCG Digital Ventures III, LP based?
HCG Digital Ventures III, LP is based in Raleigh, North Carolina.
When did HCG Digital Ventures III, LP launch?
HCG Digital Ventures III, LP reports its first sale in Oct 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 54% of the 78 private equity funds based in North Carolina, and more than 32% of all 9,142 that report sales.
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