Kerberos Capital Fund III LP is a private equity fund based in Chicago, Illinois. According to its most recent Form D, filed Sep 10, 2025, it has sold $18,000,000 of interests to 34 investors since its first sale in Jul 2024. 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 Joseph Siprut; Kerberos Capital Advisors LLC.
- Total raised
- $18,000,000Cumulative sales reported on Form D
- Investors
- 34
- First sale
- Jul 26, 2024
- 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
- Joseph Siprut; Kerberos Capital Advisors LLC
- Latest Form D
- Sep 10, 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 Kerberos Capital Fund III LP
What is the minimum investment for Kerberos Capital Fund III LP?
Kerberos Capital Fund III LP's latest Form D, filed Sep 10, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Kerberos Capital Fund III LP?
Kerberos Capital Fund 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 Kerberos Capital Fund III LP raised?
Kerberos Capital Fund III LP reports $18,000,000 sold from 34 investors on its Form D filed Sep 10, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Kerberos Capital Fund III LP based?
Kerberos Capital Fund III LP is based in Chicago, Illinois.
When did Kerberos Capital Fund III LP launch?
Kerberos Capital Fund III LP reports its first sale in Jul 2024, 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 60% of the 491 private equity funds based in Illinois, and more than 50% of all 9,142 that report sales.