Form D · Venture Capital Fund

HSI Phaidra III LLC

Los Angeles, CA · CIK 0002072168

Offering snapshot reported Dec 3, 2025 · SEC filing

Reported sold: $13.8M
Investors reported: 20
Minimum accepted: $0
First sale: May 28, 2025

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$1,550,000 → $13,800,000
Reported investors7 → 20

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 3, 2025	Amendment	$13,800,000	$12,250,000vs Jun 12, 2025	20	SEC filing
Jun 12, 2025	Initial	$1,550,000	No comparison	7	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-548820

Source: Form D, filed Dec 3, 2025. 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

HSI PHAIDRA III LLC

Investment adviser: HELENA SPECIAL INVESTMENTS LLC

Gross asset value: $13.9M
Beneficial owners: 10
ADV minimum commitment: $0

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator JUNIPER SQUARE INC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian JPMORGAN CHASE BANK NEW YORK, New York, United States Related to adviser: No

Provider details

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

Filing source

Form ADV 2065808 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-6424639592

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
HSI Phaidra I LLC	Jul 27, 2022	$1,921,996	12
HSI Phaidra II LLC	Dec 8, 2023	$805,000	4
HSI Phaidra III LLC (this fund)	Dec 3, 2025	$13,800,000	20

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 Helena Special Investments Fund I Spv Gp Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

515 South Flower Street
Los Angeles, CA, 90071