NextPower III LP is a private equity fund based in London, United Kingdom. According to its most recent Form D, filed Dec 6, 2019, it has sold $117,270,681 of interests to 12 investors since its first sale in Nov 2018. 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. Related persons named in the filing include Joseph D?Mello; Aldo Beolchini; Michael Bonte-Friedheim.
- Total raised
- $117,270,681Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Nov 30, 2018
- 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
- Joseph D?Mello; Aldo Beolchini; Michael Bonte-Friedheim
- Latest Form D
- Dec 6, 2019
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 NextPower III LP
What is the minimum investment for NextPower III LP?
NextPower III LP's latest Form D, filed Dec 6, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NextPower III LP?
NextPower 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 NextPower III LP raised?
NextPower III LP reports $117,270,681 sold from 12 investors on its Form D filed Dec 6, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is NextPower III LP based?
NextPower III LP is based in London, United Kingdom.
When did NextPower III LP launch?
NextPower III LP reports its first sale in Nov 2018.
Size compared with every private equity fund
Raised more than 85% of the 86 private equity funds based in United Kingdom, and more than 75% of all 8,889 that report sales.