Form D · Venture Capital Fund

Blue Bear Capital Partners III, LP

Jackson, WY · CIK 0001949649

Offering snapshot reported Oct 6, 2023 · SEC filing

Reported sold: $119M
Investors reported: 32
Minimum accepted: $0
First sale: Oct 7, 2022

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 32

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 6, 2023	Amendment	$118,564,706	No comparison	32	SEC filing
Oct 7, 2022	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-461163

Source: Form D, filed Oct 6, 2023. 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

BLUE BEAR CAPITAL PARTNERS III, LP

Investment adviser: BLUE BEAR INVESTMENT GROUP, LLC

Gross asset value: $135M
Beneficial owners: 81
ADV minimum commitment: $5M

Reported in Form ADV on Mar 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ADURO ADVISORS DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL LLP LOS ANGELES, California, United States

Custodian SOUTHSTATE BANK, N.A. WINTER HAVEN, Florida, 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

WEAVER AND TIDWELL LLP
PCAOB 410

Filing source

Form ADV 2062496 · Mar 26, 2026 · Schedule D 7.B.(1), fund 805-6870278442

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
Blue Bear Capital Partners II, LP	Nov 15, 2019	$10,100,000	12
Blue Bear Capital Partners III, LP (this fund)	Oct 6, 2023	$118,564,706	32

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
(None) Blue Bear Capital Iii, Llc	Executive
(None) Blue Bear Investment Group, Llc	Executive
Ernst Sack	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

50 S King St Ste 201
Jackson, WY, 83001