Form D · Venture Capital Fund

ACTIVATE CAPITAL PARTNERS III, LP

San Francisco, CA · CIK 0002039420

Offering snapshot reported Oct 1, 2025 · SEC filing

Reported sold: $186M
Investors reported: 24
Minimum accepted: $0
First sale: Oct 2, 2024

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 24

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 1, 2025	Amendment	$186,477,200	No comparison	24	SEC filing
Oct 1, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-525548

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
BROOKLANDS CAPITAL STRATEGIES BD, LP	281951
TAG ADVISORS LIMITED	None	ACCESS EQUITY MANAGEMENT LIMITED · CRD 281964

Source: Form D, filed Oct 1, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

ACTIVATE CAPITAL PARTNERS III, LP

Investment adviser: ACTIVATE CAPITAL MANAGEMENT, LP

Gross asset value: $343M
Beneficial owners: 27
ADV minimum commitment: $5M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator GEN 2 NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG SAN FRANCISCO, California, United States

Custodian CARTA SECURITIES, LLC SAN FRANCISCO, California, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No

Custodian SILICON VALLEY, A FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Marketer BROOKLANDS CAPITAL STRATEGIES BD, LP SAN FRANCISCO, California, United States Related to adviser: No

Marketer TAG ADVISERS LIMITED LONDON, United Kingdom Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG
PCAOB 185

CARTA SECURITIES, LLC
SEC 8-69701

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

SILICON VALLEY, A FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

BROOKLANDS CAPITAL STRATEGIES BD, LP
CRD 281951 · SEC 8-69696

Filing source

Form ADV 2076058 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-4045610982

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

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
ACTIVATE CAPITAL PARTNERS, L.P.	Jan 12, 2018	Yet to sell	0
ACTIVATE CAPITAL PARTNERS II, LP	Oct 21, 2021	Yet to sell	0
ACTIVATE CAPITAL PARTNERS III, LP (this fund)	Oct 1, 2025	$186,477,200	24

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Rajesh Atluru	Executive, Promoter
Anup Jacob	Executive, Promoter
David Lincoln	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

50 California Street, Suite 2050
San Francisco, CA, 94111