Form D · Venture Capital Fund

BLUECROSS BLUESHIELD VENTURE PARTNERS III, LLC

Chicago, IL · CIK 0001662877

Offering snapshot reported May 25, 2017 · SEC filing

Reported sold: $10M
Investors reported: 1
Minimum accepted: $0
First sale: May 18, 2017

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 25, 2017	Initial	$10,000,000	No comparison	1	SEC filing
Jan 13, 2016	Initial	$135,641,317	No comparison	17	SEC filing
Jan 6, 2016	Initial	$135,641,317	No comparison	17	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-287500

Source: Form D, filed May 25, 2017. 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

BLUECROSS BLUESHIELD VENTURE PARTNERS III, LLC

Investment adviser: SANDBOX HOLDINGS, LLC

Gross asset value: $457M
Beneficial owners: 35
ADV minimum commitment: $2M

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ULTIMUS FUND SOLUTIONS LLC ROLLING MEADOWS, Illinois, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor PLANTE & MORAN, PLLC CHICAGO, Illinois, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, 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

PLANTE & MORAN, PLLC
PCAOB 166

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

Filing source

Form ADV 2061953 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-2644090608

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
BLUECROSS BLUESHIELD VENTURE PARTNERS II, L.P.	Sep 3, 2013	$186,803,100	23
BLUECROSS BLUESHIELD VENTURE PARTNERS III, LLC (this fund)	May 25, 2017	$10,000,000	1
BlueCross BlueShield Venture Partners IV, LLC	Mar 16, 2020	Yet to sell	0
BlueCross BlueShield Venture Partners V, LLC	Aug 15, 2025	$370,102,041	Not reported

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
John Banta	Executive
' Blue Cross Blue Shield Association	Promoter
Anthony Coniaris	Director, Executive
Kevin Grant	Director, Executive
John T. Hailer	Director
Gp Of General Partner Harris Associates Inc.	Executive
Thomas Herman	Executive
David G. Herro	Director, Executive
Robert Kolodgy	Executive
Robert M. Levy	Director, Executive
Michael L. Manelli	Executive
Colin P. Mc Farland	Executive
Clyde S. Mc Gregor	Executive
Thomas W. Murray	Executive
Scott Nehs	Executive
William C. Nygren	Executive
Janet L. Reali	Director, Executive
Kristi L. Rowsell	Director, Executive
Scott Serota	Executive
Pierre Servant	Director
Robert A. Taylor	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

225 N. Michigan Ave.
Chicago, IL, 60601