Form D · Private Equity Fund

AG Direct Lending Fund III, L.P.

New York, NY · CIK 0001725680

Offering snapshot reported Jul 25, 2025 · SEC filing

Reported sold
$1.07B
Indefinite offering
Investors reported
516
Form D · investor count
Minimum accepted
$5M
Reported outside-investor minimum
First sale
Jul 20, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$535M$1.07BJul 26, 2021: $1,070,040,000.00Jul 26, 2021Jul 26, 2022: $1,070,040,000.00Jul 26, 2022Jul 26, 2023: $1,070,040,000.00Jul 26, 2023Jul 26, 2024: $1,070,040,000.00Jul 26, 2024Jul 25, 2025: $1,070,040,000.00Jul 25, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jul 25, 2025Amendment$1,070,040,000$0vs Jul 26, 2024516SEC filing
Jul 26, 2024Amendment$1,070,040,000$0vs Jul 26, 2023516SEC filing
Jul 26, 2023Amendment$1,070,040,000$0vs Jul 26, 2022516SEC filing
Jul 26, 2022Amendment$1,070,040,000$0vs Jul 26, 2021515SEC filing
Jul 26, 2021Amendment$1,070,040,000No comparisonNot reportedSEC filing
Jul 24, 2020Amendment$1,070,040,000$127,985,000vs Jul 25, 2019516SEC filing
Jul 25, 2019Amendment$942,055,000$299,385,000vs Jul 26, 2018413SEC filing
Jul 26, 2018Initial$642,670,000No comparison326SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-317835
Limited Partnership Interests

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Oppenheimer & Inc.249

Source: Form D, filed Jul 25, 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

AG DIRECT LENDING FUND III, L.P.

Investment adviser: ANGELO, GORDON & CO., L.P.

Gross asset value
$0
Beneficial owners
0
ADV minimum commitment
$5M

Reported in Form ADV on Aug 24, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States
Custodian BANK OF AMERICA, NATIONAL ASSOCIATION CHARLOTTE, North Carolina, United States Related to adviser: No
Custodian CNB BANK CLEARFIELD, Pennsylvania, United States Related to adviser: No
Custodian EAST WEST BANK PASADENA, California, United States Related to adviser: No
Custodian KEYBANK NATIONAL ASSOCIATION CLEVELAND, Ohio, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON CORPORATION WILMINGTON, Delaware, United States Related to adviser: No
Custodian WELLS FARGO BANK, NATIONAL ASSOCIATION SIOUX FALLS, South Dakota, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27

CNB BANK
LEI 549300NBFK4GO76FTE84

EAST WEST BANK
LEI F28JOQ8OBWCFUYM0UX93

KEYBANK NATIONAL ASSOCIATION
LEI HUX2X73FUCYHUVH1BK78

THE BANK OF NEW YORK MELLON CORPORATION
LEI WFLLPEPC7FZXENRZV188

WELLS FARGO BANK, NATIONAL ASSOCIATION
LEI KB1H1DSPRFMYMCUFXT09

Filing source

Form ADV 2110116 · Aug 24, 2026 · Schedule D 7.B.(1), fund 805-9096335039

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

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
NameReported role
N/A Ag Direct Lending Fund Iii Gp Llc Director, Executive, Promoter
Josh Baumgarten Executive
Martin Davidson Executive
Jean Baptiste Garcia Executive
Michael L. Gordon Executive
Joann Harris Executive
Christopher Moore Executive
Adam Schwartz Executive
Brian Sigman Executive
Frank Stadelmaier Executive
Kirk Wickman Executive
Steven Willmann Executive
Forest Wolfe Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Angelo, Gordon & Co., L.P. 245 Park Avenue, 26 Th Floor
New York, NY, 10167