Form D · Private Equity Fund

Franklin Blackhorse III, L.P.

San Mateo, CA · CIK 0002124487

Offering snapshot reported Sep 2, 2026 · SEC filing

Reported sold: $158M
Investors reported: 154
Minimum accepted: $100K
First sale: Mar 6, 2026

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 154

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 2, 2026	Amendment	$158,250,000	No comparison	154	SEC filing
Apr 7, 2026	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-579316

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Franklin Distributors, LLC	109064

Source: Form D, filed Sep 2, 2026. 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

FRANKLIN BLACKHORSE III, L.P.

Investment adviser: FRANKLIN ADVISERS, INC.

Gross asset value: $40M
Beneficial owners: 2
ADV minimum commitment: $100K

Reported in Form ADV on Sep 16, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian J.P. MORGAN CHASE BANK N.A. NEW YORK, New York, United States Related to adviser: No

Marketer FRANKLIN DISTRIBUTORS, LLC SAN MATEO, California, United States Related to adviser: Yes

Provider details

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

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

FRANKLIN DISTRIBUTORS, LLC
CRD 109064 · SEC 8-53089

Filing source

Form ADV 2127927 · Sep 16, 2026 · Schedule D 7.B.(1), fund 805-8754418533

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
Name	Reported role
N/A Franklin Advisers, Inc.	Executive
N/A Franklin Venture Partners, Llc Blackhorse Iii Series	Executive, Promoter
Edward Perks	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

One Franklin Parkway 920/2
San Mateo, CA, 94403