WAVE Equity Fund III LP is a private equity fund based in Boston, Massachusetts. According to its most recent Form D, filed Dec 30, 2025, it has sold $42,380,000 of interests to 20 investors since its first sale in Jan 2023. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 U. Crocker; Praveen Sahay; Mark Robinson.
- Total raised
- $42,380,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Jan 9, 2023
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- U. Crocker; Praveen Sahay; Mark Robinson
- Latest Form D
- Dec 30, 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 WAVE Equity Fund III LP
What is the minimum investment for WAVE Equity Fund III LP?
According to its latest Form D, filed Dec 30, 2025, the minimum investment WAVE Equity Fund III LP accepts from an outside investor is $100,000.
Who can invest in WAVE Equity Fund III LP?
WAVE Equity Fund III LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has WAVE Equity Fund III LP raised?
WAVE Equity Fund III LP reports $42,380,000 sold from 20 investors on its Form D filed Dec 30, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is WAVE Equity Fund III LP based?
WAVE Equity Fund III LP is based in Boston, Massachusetts and is managed by Wave Equity Partners.
When did WAVE Equity Fund III LP launch?
WAVE Equity Fund III LP reports its first sale in Jan 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 65% of the 464 private equity funds based in Massachusetts, and more than 61% of all 9,142 that report sales.