Form D · Other Investment Fund

LEM REAL ESTATE HIGH-YIELD DEBT & PREFERRED EQUITY FUND III, L.P.

Philadelphia, PA · CIK 0001543927

Offering snapshot reported Mar 13, 2014 · SEC filing

Reported sold
$219M
Offering amount: $300M
Investors reported
45
Form D · investor count
Minimum accepted
$10K
Reported outside-investor minimum
First sale
Mar 2, 2012
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$109M$219MMar 12, 2012: $67,890,000.00Mar 12, 2012Mar 11, 2013: $127,990,000.00Mar 11, 2013Apr 17, 2013: $203,540,000.00Mar 13, 2014: $218,985,000.00Mar 13, 2014

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$203,540,000 → $218,985,000
  • Reported investors40 → 45
  • Minimum accepted$1,000,000 → $10,000

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 13, 2014Amendment$218,985,000$15,445,000vs Apr 17, 201345SEC filing
Apr 17, 2013Amendment$203,540,000$75,550,000vs Mar 11, 201340SEC filing
Mar 11, 2013Amendment$127,990,000$60,100,000vs Mar 12, 201233SEC filing
Mar 12, 2012Initial$67,890,000No comparison24SEC 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
021-174763

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
West Point PartnersNoneRobert Ashmun · CRD 4211932
FCG Advisors, LLC40633Peter Marquardt · CRD 1247354

Source: Form D, filed Mar 13, 2014. 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

LEM REAL ESTATE HIGH-YIELD DEBT AND PREFERRED EQUITY FUND III, L.P

Investment adviser: LEM CAPITAL, L.P.

Gross asset value
$956K
Beneficial owners
48
ADV minimum commitment
$5M

Reported in Form ADV on Mar 1, 2021. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator MAINSTREAM FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG, LLP PHILADELPHIA, Pennsylvania, United States
Custodian BANK OF AMERICA, N.A. PHILADELPHIA, Pennsylvania, United States Related to adviser: No
Custodian THE BRYN MAWR TRUST COMPANY PHILADELPHIA, Pennsylvania, United States Related to adviser: No
Marketer FCG WEALTH MANAGEMENT, LLC CHATHAM, New Jersey, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

KPMG, LLP
PCAOB 185

FCG WEALTH MANAGEMENT, LLC
CRD 40633

Filing source

Form ADV 1501971 · Mar 1, 2021 · Schedule D 7.B.(1), fund 805-2227348576

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
NameReported role
Jay J Eisner Executive
Lp Lem Partners Iii Executive
Llc Lem Partners Iii Executive
Ira M Lubert Executive
Herbert L Miller, Jr Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
2929 Arch St. Ste 2800
Philadelphia, PA, 19104