New Stack III, L.P. is a venture capital fund based in Chicago, Illinois. According to its most recent Form D, filed Sep 28, 2026, it has sold $2,875,000 of interests to 15 investors since its first sale in Aug 2024. The filing does not set a minimum investment. 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 Nicholas Moran.
- Total raised
- $2,875,000Cumulative sales reported on Form D
- Investors
- 15
- First sale
- Aug 29, 2024
- Minimum investment
- None set
- 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
- Nicholas Moran
- Latest Form D
- Sep 28, 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 New Stack III, L.P.
What is the minimum investment for New Stack III, L.P.?
New Stack III, L.P.'s latest Form D, filed Sep 28, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in New Stack III, L.P.?
New Stack III, L.P. 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 New Stack III, L.P. raised?
New Stack III, L.P. reports $2,875,000 sold from 15 investors on its Form D filed Sep 28, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is New Stack III, L.P. based?
New Stack III, L.P. is based in Chicago, Illinois and is managed by New Stack, LLC.
When did New Stack III, L.P. launch?
New Stack III, L.P. reports its first sale in Aug 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 venture capital fund
Raised more than 54% of the 148 venture capital funds based in Illinois, and more than 76% of all 15,160 that report sales.