Form D · Other Investment Fund

Milton Street Capital Fund III, LP

Houston, TX · CIK 0002101397

Offering snapshot reported Dec 18, 2025 · SEC filing

Reported sold: $50M
Investors reported: 30
Minimum accepted: $0
First sale: Dec 3, 2025

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
Dec 18, 2025	Initial	$50,001,000	No comparison	30	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-567354

Source: Form D, filed Dec 18, 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

MILTON STREET CAPITAL FUND III, LP

Investment adviser: MILTON STREET CAPITAL LLC

Gross asset value: $50M
Beneficial owners: 30
ADV minimum commitment: $250K

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 RSM FUND SERVICES+ BLUE BELL, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian AMEGY BANK NATIONAL ASSOCIATION HOUSTON, Texas, 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

AMEGY BANK NATIONAL ASSOCIATION
LEI XY18PUSROVLI5YR2I431

Filing source

Form ADV 2082802 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-3820649853

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
MILTON STREET CAPITAL FUND I, LP	Mar 26, 2021	$95,000,000	47
Milton Street Capital Fund II, LP	Mar 30, 2022	$23,800,000	10
Milton Street Capital Fund III, LP (this fund)	Dec 18, 2025	$50,001,000	30

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
Francis Carr	Executive
Milton Street Capital Fund Iii Gp, Lp	Executive
Milton Street Capital Fund Iii Ugp, Llc	Executive
Milton Street Capital Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

3131 Eastside Street Ste 300
Houston, TX, 77098