Prudence Fund III, LP is a venture capital fund based in New York, New York. According to its most recent Form D, filed Feb 14, 2023, it has sold $65,882,000 of interests to 99 investors since its first sale in Jan 2022. 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 Gavin Myers.
- Total raised
- $65,882,000Cumulative sales reported on Form D
- Investors
- 99
- First sale
- Jan 31, 2022
- 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
- Gavin Myers
- Latest Form D
- Feb 14, 2023
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
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Feb 14, 2023 | Form D/A (amendment) | $65,882,000 | 99 | SEC.gov ↗ |
| Feb 15, 2022 | Form D | $57,435,000 | 84 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Feb 15, 2022. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Related vehicles with the same name (2)
| Vehicle | Total raised | Investors | Latest Form D |
|---|---|---|---|
| PRUDENCE FUND III, LP (this page) | $65,882,000 | 99 | Feb 14, 2023 |
| PRUDENCE FUND III QP, LP | $4,405,000 | 11 | Feb 14, 2023 |
Funds are often offered through several legal vehicles, such as onshore, offshore, feeder, parallel or tax-exempt versions, and each one files its own Form D. These 2 filings share this fund's name apart from such vehicle words or a series letter, which usually means they are versions of one fund. Grouped by AltMountain from the names on the filings alone, so the list may be incomplete or include a separate fund with a near-identical name; amounts are each vehicle's own filing and should not be added together, because a feeder's money can also be counted in its master fund. Source: SEC Form D filings.
Questions about Prudence Fund III, LP
What is the minimum investment for Prudence Fund III, LP?
Prudence Fund III, LP's latest Form D, filed Feb 14, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Prudence Fund III, LP?
Prudence Fund 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 Prudence Fund III, LP raised?
Prudence Fund III, LP reports $65,882,000 sold from 99 investors on its Form D filed Feb 14, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Prudence Fund III, LP based?
Prudence Fund III, LP is based in New York, New York.
When did Prudence Fund III, LP launch?
Prudence Fund III, LP reports its first sale in Jan 2022.
Size compared with every venture capital fund
Raised more than 94% of the 1,239 venture capital funds based in New York, and more than 97% of all 14,865 that report sales.