Form D · Venture Capital Fund

Cowen Healthcare Investments III LP

New York, NY · CIK 0001788375

Offering snapshot reported Sep 25, 2019 · SEC filing

Reported sold: $332M
Investors reported: 735
Minimum accepted: $0
First sale: Sep 16, 2019

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
Sep 25, 2019	Initial	$332,041,000	No comparison	735	SEC filing

Offering details

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

Sales commissions: $2.42M
Finders' fees: $0
Form D file number: 021-349587

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Morgan Stanley Smith Barney LLC	149777

Source: Form D, filed Sep 25, 2019. 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

COWEN HEALTHCARE INVESTMENTS III LP

Investment adviser: CHI ADVISORS LLC

Gross asset value: $429M
Beneficial owners: 810
ADV minimum commitment: $5M

Reported in Form ADV on Jun 5, 2023. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND SERVICES (USA) INC JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA N.A. NEW YORK, New York, United States Related to adviser: No

Custodian BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No

Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States

Prime broker COWEN AND COMPANY 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 41

BANK OF AMERICA N.A.
LEI B4TYDEB6GKMZO031MB27

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

PERSHING LLC
SEC 8-17574

MORGAN STANLEY
CRD 149777 · SEC 801-70103

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

COWEN AND COMPANY
CRD 7616 · SEC 8-22522

Filing source

Form ADV 1767366 · Jun 5, 2023 · Schedule D 7.B.(1), fund 805-6541020392

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
Cowen Healthcare Investments II LP	Nov 13, 2017	$107,886,000	35
Cowen Healthcare Investments III LP (this fund)	Sep 25, 2019	$332,041,000	735
Cowen Healthcare Investments IV LP	Dec 20, 2022	$532,210,000	795

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
N/A Chi Advisors Llc	Promoter
N/A Cowen Healthcare Investments Iii Gp Llc	Promoter
Kevin Raidy	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

599 Lexington Avenue 19 Th Floor
New York, NY, 10022