King Operating Partners III, LP is an energy fund based in Addison, Texas. According to its most recent Form D, filed Nov 6, 2025, it has sold $45,466,000 of interests to 270 investors since its first sale in Nov 2024. The minimum investment it accepts from an outside investor is $200,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Bill Phillips; Steve Mullican; Rex Gifford.
- Total raised
- $45,466,000Cumulative sales reported on Form D
- Investors
- 270
- First sale
- Nov 6, 2024
- Minimum investment
- $200,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Bill Phillips; Steve Mullican; Rex Gifford
- Latest Form D
- Nov 6, 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 King Operating Partners III, LP
What is the minimum investment for King Operating Partners III, LP?
According to its latest Form D, filed Nov 6, 2025, the minimum investment King Operating Partners III, LP accepts from an outside investor is $200,000.
Who can invest in King Operating Partners III, LP?
King Operating Partners III, LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has King Operating Partners III, LP raised?
King Operating Partners III, LP reports $45,466,000 sold from 270 investors on its Form D filed Nov 6, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is King Operating Partners III, LP based?
King Operating Partners III, LP is based in Addison, Texas.
When did King Operating Partners III, LP launch?
King Operating Partners III, LP reports its first sale in Nov 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 energy fund
Raised more than 93% of the 362 energy funds based in Texas, and more than 88% of all 345 that report sales.