Form D · Other Investment Fund

Level Structured Capital III, L.P.

New York, NY · CIK 0002036315

Offering snapshot reported Sep 12, 2025 · SEC filing

Reported sold: $257M
Investors reported: Not reported
Minimum accepted: Not reported
First sale: Not reported

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
Sep 12, 2025	Amendment	$256,633,334	No comparison	Not reported	SEC filing
Sep 16, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Not reported
Exemptions: Not reported
Duration over one year: Not reported
Business combination: Not reported

Sales commissions: Not reported
Finders' fees: Not reported
Form D file number: 021-524126

Source: Form D, filed Sep 12, 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

LEVEL STRUCTURED CAPITAL III, L.P.

Investment adviser: LEVEL EQUITY MANAGEMENT, LLC

Gross asset value: $263M
Beneficial owners: 46
ADV minimum commitment: $3M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator GP FUND SOLUTIONS, LLC LATHAM, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNERAMPER LLP NEW YORK, New York, United States

Custodian RAYMOND JAMES & ASSOCIATES, INC. NEW YORK, New York, United States Related to adviser: No

Custodian SVB, A DIVISION OF FIRST CITIZENS BANK SANTA CLARA, California, United States Related to adviser: No

Provider details

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

EISNERAMPER LLP
PCAOB 274

RAYMOND JAMES & ASSOCIATES, INC.
SEC 8-10999

Filing source

Form ADV 2090275 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-8051754639

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
Level Structured Capital I, L.P.	Oct 3, 2017	Yet to sell	0
Level Structured Capital II, L.P.	Jan 25, 2023	$132,850,000	37
Level Structured Capital III, L.P. (this fund)	Sep 12, 2025	$256,633,334	Not reported

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 Level Structured Capital Associates Iii, Llc	Promoter
N/A Level Structured Capital Iii (Gp), L.P.	Promoter
Benjamin Levin	Executive
Nathan Linn	Executive
Barry Osherow	Executive
Sarah Sommer	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Two Grand Central Tower 140 East 45 Th Street, 42 Nd Floor
New York, NY, 10017