Form D · Other Investment Fund

Grove Funding III Inc.

Chicago, IL · CIK 0002003475

Offering snapshot reported Dec 7, 2023 · SEC filing

Reported sold: $50M
Investors reported: 1
Minimum accepted: $0
First sale: Nov 15, 2023

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
Dec 7, 2023	Initial	$50,000,000	No comparison	1	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-499088

Source: Form D, filed Dec 7, 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

GROVE FUNDING III INC.

Investment adviser: NEUBERGER BERMAN INVESTMENT ADVISERS LLC

Gross asset value: $305M
Beneficial owners: 1
ADV minimum commitment: $0

Reported in Form ADV on Jan 11, 2024. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator U.S. BANCORP FUND SERVICES, LLC MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. GRAND CAYMAN, Cayman Islands

Custodian U.S. BANK NATIONAL ASSOCIATION ST. PAUL, Minnesota, United States Related to adviser: No

Marketer NEUBERGER BERMAN BD LLC NEW YORK, New York, 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

ERNST & YOUNG LTD.
PCAOB 1655

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

NEUBERGER BERMAN BD LLC
CRD 2908 · SEC 801-3908

Filing source

Form ADV 1806850 · Jan 11, 2024 · Schedule D 7.B.(1), fund 805-8829058819

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
Grove Funding I Inc.	Sep 29, 2023	$400,000,000	1
Grove Funding II Inc.	Dec 5, 2022	$500,000,000	1
Grove Funding III Inc. (this fund)	Dec 7, 2023	$50,000,000	1
Grove Funding IV LP	Jun 25, 2026	$940,000,000	5
GROVE FUNDING V INC.	Dec 4, 2025	Yet to sell	0
Grove Funding VI LLC	Aug 25, 2026	$2,040,816,326	2

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
Dennis Ainger	Executive
Ken De Regt	Director
Russell Gao	Director
Dmitry Gasinsky	Director, Executive
Jeffrey Mauro	Director
Dan Mogelnicki	Director
John Morriss	Director, Executive
N/A Neuberger Berman Investment Advisers Llc	Promoter
Stephen Zacny	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

190 South Lasalle Street Suite 2400
Chicago, IL, 60603