Thurston Fund III, LP is a private equity fund based in Chicago, Illinois. According to its most recent Form D, filed Feb 26, 2025, it has sold $24,065,000 of interests to 48 investors since its first sale in Feb 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Patrick Haynes, III; Daniel Davis; Thurston Fund III GP, LLC.
- Total raised
- $24,065,000Cumulative sales reported on Form D
- Investors
- 48
- First sale
- Feb 22, 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
- Patrick Haynes, III; Daniel Davis; Thurston Fund III GP, LLC
- Latest Form D
- Feb 26, 2025
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 Thurston Fund III, LP
What is the minimum investment for Thurston Fund III, LP?
Thurston Fund III, LP's latest Form D, filed Feb 26, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Thurston Fund III, LP?
Thurston 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 Thurston Fund III, LP raised?
Thurston Fund III, LP reports $24,065,000 sold from 48 investors on its Form D filed Feb 26, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Thurston Fund III, LP based?
Thurston Fund III, LP is based in Chicago, Illinois.
When did Thurston Fund III, LP launch?
Thurston Fund III, LP reports its first sale in Feb 2023, 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 private equity fund
Raised more than 62% of the 492 private equity funds based in Illinois, and more than 54% of all 9,159 that report sales.