III Fund Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Feb 22, 2019, the fund has sold $350,672,347 of interests to 43 investors since its first sale in Nov 1994. The minimum investment it accepts from an outside investor is $1,000,000. 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. Related persons named in the filing include Laura McGrath; III Capital Management; Robert Hart.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $350,672,347Cumulative sales reported on Form D
- Investors
- 43
- First sale
- Nov 1, 1994
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Laura McGrath; III Capital Management; Robert Hart
- Latest Form D
- Feb 22, 2019
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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about III Fund Ltd.
What is the minimum investment for III Fund Ltd.?
According to its latest Form D, filed Feb 22, 2019, the minimum investment III Fund Ltd. accepts from an outside investor is $1,000,000.
Who can invest in III Fund Ltd.?
III Fund Ltd. 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 III Fund Ltd. raised?
III Fund Ltd. reports $350,672,347 sold from 43 investors on its Form D filed Feb 22, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is III Fund Ltd. based?
III Fund Ltd. is based in Grand Cayman, Cayman Islands.
When did III Fund Ltd. launch?
III Fund Ltd. reports its first sale in Nov 1994.
Size compared with every hedge fund
Raised more than 70% of the 2,343 hedge funds based in Cayman Islands, and more than 77% of all 10,129 that report sales.