Investment adviser · CRD 113539

III CAPITAL MANAGEMENT

Investment adviser filing (IA)

BOCA RATON, FL, United States · Form ADV filed May 7, 2026

Regulatory AUM: $88.2B
Client accounts: 25
Employees: 9
Advisory professionals: 9

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	16	$63,051,627,733	71.5%
Sovereign wealth & foreign institutions	Fewer than 5	$23,983,061,515	27.2%
Retirement plans	5	$771,234,339	0.9%
Corporations & businesses	Fewer than 5	$236,493,646	0.3%
Charities	Fewer than 5	$193,497,867	0.2%

Filing source

Form ADV 2102114 · May 7, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

37 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

III-KI OPPORTUNITIES FUND LLCHedge Fund · Last reported May 7, 2026$20.8BGross asset value

Fund administrator SS&C FINANCIAL SERVICES LLC WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST AND YOUNG LLP CHICAGO, Illinois, United States

Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Marketer AVM, L.P. BOCA RATON, Florida, United States Related to adviser: Yes

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST AND YOUNG LLP
PCAOB 42

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

AVM, L.P.
CRD 16710 · SEC 8-35136

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

Fund details & source

Fund ID: 805-1527105009
Reported beneficial owners: 1
Minimum commitment: $1M

Form ADV 2102114 · May 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

III ABSOLUTE RETURN FUND LLCHedge Fund · Last reported May 7, 2026$15.3BGross asset value

Fund administrator SS&C FINANCIAL SERVICES LLC WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Marketer AVM, L.P. BOCA RATON, Florida, United States Related to adviser: Yes

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

BARCLAYS CAPITAL INC.
SEC 8-41342

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

AVM, L.P.
CRD 16710 · SEC 8-35136

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

Fund details & source

Fund ID: 805-6447702762
Reported beneficial owners: 2
Minimum commitment: $1M

Form ADV 2102114 · May 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

III PROTECTION STRATEGIES FUND LTD.Hedge Fund · Last reported May 7, 2026$6.95BGross asset value

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. GEORGE TOWN, Cayman Islands

Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Marketer AVM, L.P. BOCA RATON, Florida, United States Related to adviser: Yes

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LTD.
PCAOB 1655

BARCLAYS CAPITAL INC.
SEC 8-41342

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

AVM, L.P.
CRD 16710 · SEC 8-35136

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

Fund details & source

Fund ID: 805-2892266504
Reported beneficial owners: 1
Minimum commitment: $1M

Form ADV 2102114 · May 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

III VOLGA MULTI-STRATEGY FUND L.P.Hedge Fund · Last reported May 7, 2026$4.28BGross asset value