Form D · Private Equity Fund

Next Level Ventures Fund III, LLLP

Des Moines, IA · CIK 0002054279

Offering snapshot reported Feb 20, 2026 · SEC filing

Reported sold
$15.9M
Offering amount: $50M
Investors reported
16
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jan 3, 2025
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$7.93M$15.9MJan 30, 2025: $15,251,515.00Jan 30, 2025Feb 20, 2026: $15,858,586.00Feb 20, 2026

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$15,251,515 → $15,858,586
  • Reported investors14 → 16

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 20, 2026Amendment$15,858,586$607,071vs Jan 30, 202516SEC filing
Jan 30, 2025Initial$15,251,515No comparison14SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06c, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-536838

Source: Form D, filed Feb 20, 2026. 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

NEXT LEVEL VENTURES FUND III, LLLP

Investment adviser: NEXT LEVEL VENTURES, LLC

Gross asset value
$12.5M
Beneficial owners
14
ADV minimum commitment
$500K

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 CAPITAL MANAGEMENT RESOURCES, LLC MINNEAPOLIS, Minnesota, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EIDE BAILLY LLP DENVER, Colorado, United States
Custodian DUPACO COMMUNITY CREDIT UNION DUBUQUE, Iowa, 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

EIDE BAILLY LLP
PCAOB 286

Filing source

Form ADV 2055545 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-5584185669

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
Craig Ibsen Promoter
Elizabeth Keehner Promoter
N/A Next Level Ventures Gp V, Llc Director, Executive, Promoter
Roger Scholten Promoter
Dave Tucker Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
666 Walnut Street Suite 2260
Des Moines, IA, 50309