Form D · Venture Capital Fund

MHS Capital Partners III, L.P.

San Mateo, CA · CIK 0001780033

Offering snapshot reported Dec 20, 2022 · SEC filing

Reported sold: $155M
Investors reported: 101
Minimum accepted: $0
First sale: Jun 27, 2019

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 101

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 20, 2022	Amendment	$155,250,000	No comparison	101	SEC filing
Jun 26, 2019	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: 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: 021-342834

Source: Form D, filed Dec 20, 2022. 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

MHS CAPITAL PARTNERS III, L.P.

Investment adviser: MHS CAPITAL MANAGEMENT III, LLC

Gross asset value: $253M
Beneficial owners: 101
ADV minimum commitment: $0

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 REDBRICK ASSOCIATES, LLC SAN MATEO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SENSIBA LLP PLEASANTON, California, United States

Custodian SILICON VALLEY BANK, 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

SENSIBA LLP
PCAOB 854

Filing source

Form ADV 2081215 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-1129482788

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
MHS Capital Partners II, L.P.	Apr 11, 2014	$74,735,000	76
MHS Capital Partners III, L.P. (this fund)	Dec 20, 2022	$155,250,000	101

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 Mhs Capital Management Iii, Llc	Director
Mark Sugarman	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2121 S. El Camino Real, Ste 200
San Mateo, CA, 94403