Tech Council Ventures III LP is a private investment fund based in Summit, New Jersey. According to its most recent Form D, filed Aug 26, 2024, it has sold $19,150,000 of interests to 50 investors since its first sale in Dec 2023. 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 Ben Franklin Technology Development Authority; Mark Kolb; James Gunton.
- Total raised
- $19,150,000Cumulative sales reported on Form D
- Investors
- 50
- First sale
- Dec 29, 2023
- 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
- Ben Franklin Technology Development Authority; Mark Kolb; James Gunton
- Latest Form D
- Aug 26, 2024
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 Tech Council Ventures III LP
What is the minimum investment for Tech Council Ventures III LP?
Tech Council Ventures III LP's latest Form D, filed Aug 26, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Tech Council Ventures III LP?
Tech Council Ventures 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 Tech Council Ventures III LP raised?
Tech Council Ventures III LP reports $19,150,000 sold from 50 investors on its Form D filed Aug 26, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Tech Council Ventures III LP based?
Tech Council Ventures III LP is based in Summit, New Jersey.
When did Tech Council Ventures III LP launch?
Tech Council Ventures III LP reports its first sale in Dec 2023.
Size compared with every private investment fund
Raised more than 56% of the 190 private investment funds based in New Jersey, and more than 50% of all 10,333 that report sales.