Pennybacker III, LP is a private investment fund based in Austin, Texas. According to its most recent Form D, filed Jan 7, 2016, it has sold $321,967,800 of interests to 82 investors since its first sale in Dec 2013. The minimum investment it accepts from an outside investor is $100,000. 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 Pennybacker III GP, LLC.
- Total raised
- $321,967,800Cumulative sales reported on Form D
- Investors
- 82
- First sale
- Dec 27, 2013
- Minimum investment
- $100,000
- 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
- Pennybacker III GP, LLC
- Latest Form D
- Jan 7, 2016
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 Pennybacker III, LP
What is the minimum investment for Pennybacker III, LP?
According to its latest Form D, filed Jan 7, 2016, the minimum investment Pennybacker III, LP accepts from an outside investor is $100,000.
Who can invest in Pennybacker III, LP?
Pennybacker 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 Pennybacker III, LP raised?
Pennybacker III, LP reports $321,967,800 sold from 82 investors on its Form D filed Jan 7, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Pennybacker III, LP based?
Pennybacker III, LP is based in Austin, Texas.
When did Pennybacker III, LP launch?
Pennybacker III, LP reports its first sale in Dec 2013.
Size compared with every private investment fund
Raised more than 91% of the 879 private investment funds based in Texas, and more than 84% of all 10,287 that report sales.