Illumen Capital III, LP
Illumen Capital III, LP is a private investment fund based in Oakland, California. According to its most recent Form D, filed Oct 9, 2026, it has sold $27,500,000 of interests to 9 investors since its first sale in Mar 2025. The minimum investment it accepts from an outside investor is $250,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Illumen Capital III GP, LLC; Norris Dodson IV; Illumen Capital Management, LLC.
- Total raised
- $27,500,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Mar 28, 2025
- Minimum investment
- $250,000
- 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
- Illumen Capital III GP, LLC; Norris Dodson IV; Illumen Capital Management, LLC
- Latest Form D
- Oct 9, 2026
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 Illumen Capital III, LP
What is the minimum investment for Illumen Capital III, LP?
According to its latest Form D, filed Oct 9, 2026, the minimum investment Illumen Capital III, LP accepts from an outside investor is $250,000.
Who can invest in Illumen Capital III, LP?
Illumen Capital III, LP 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 Illumen Capital III, LP raised?
Illumen Capital III, LP reports $27,500,000 sold from 9 investors on its Form D filed Oct 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Illumen Capital III, LP based?
Illumen Capital III, LP is based in Oakland, California.
When did Illumen Capital III, LP launch?
Illumen Capital III, LP reports its first sale in Mar 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 investment fund
Raised more than 71% of the 1,702 private investment funds based in California, and more than 55% of all 10,212 that report sales.