Form D · Venture Capital Fund
LB III, L.P.
Chicago, IL · CIK 0001953433
Offering snapshot reported May 24, 2024 · SEC filing
- Reported sold
- $289M Offering amount: $289M
- Investors reported
- 64 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Nov 17, 2022 As reported in this filing
What changed?
Latest filing versus its linked predecessor, where available.
- Reported investors0 → 64
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| May 24, 2024 | Amendment | $289,000,000 | No comparison | 64 | SEC filing |
| Nov 4, 2022 | Initial | Yet to sell | No comparison | 0 | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $0
- Finders' fees
- $850K
- Form D file number
- 021-463935
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Uncommon Capital Group, LLC | None | Stonehaven, LLC · CRD 118913 |
Source: Form D, filed May 24, 2024. 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
LB III, L.P.
Investment adviser: LIGHTBANK ASSET MANAGEMENT, LLC
- Gross asset value
- $289M
- Beneficial owners
- 65
- ADV minimum commitment
- $100K
Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- No
- External marketing
- Yes
PLANTE MORAN
PCAOB 166
Filing source
Form ADV 2084393 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-7342636801
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.
| Name | Reported role |
|---|---|
| N/A Black Media, Llc | Promoter |
| N/A Lb Gp Iii, Llc | Executive |
| Eric Lefkofsky | Executive |
| N/A Lightbank Asset Management, Llc | Promoter |
| N/A Lightbank, Llc | Promoter |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Chicago, IL, 60654