Low Time Preference Fund III LP is a venture capital fund based in Nashville, Tennessee. According to its most recent Form D, filed Sep 24, 2026, it has sold $45,700,000 of interests to 21 investors since its first sale in Jun 2023. 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 Low Time Preference Fund III GP LLC; Ten31 LLC.
- Total raised
- $45,700,000Cumulative sales reported on Form D
- Investors
- 21
- First sale
- Jun 30, 2023
- 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
- Low Time Preference Fund III GP LLC; Ten31 LLC
- Latest Form D
- Sep 24, 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 Low Time Preference Fund III LP
What is the minimum investment for Low Time Preference Fund III LP?
Low Time Preference Fund III LP's latest Form D, filed Sep 24, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Low Time Preference Fund III LP?
Low Time Preference 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 Low Time Preference Fund III LP raised?
Low Time Preference Fund III LP reports $45,700,000 sold from 21 investors on its Form D filed Sep 24, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Low Time Preference Fund III LP based?
Low Time Preference Fund III LP is based in Nashville, Tennessee.
When did Low Time Preference Fund III LP launch?
Low Time Preference Fund III LP reports its first sale in Jun 2023, 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 venture capital fund
Raised more than 85% of the 47 venture capital funds based in Tennessee, and more than 96% of all 15,163 that report sales.