Form D · Other Investment Fund

Operand DC Holdings III, LP

San Francisco, CA · CIK 0002074190

Offering snapshot reported Jul 2, 2025 · SEC filing

Reported sold
Yet to sell
Indefinite offering
Investors reported
0
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Yet to occur
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jul 2, 2025InitialYet to sellNo comparison0SEC 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
021-550627

Source: Form D, filed Jul 2, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

OPERAND DC HOLDINGS III, LP

Investment adviser: DRAGONEER INVESTMENT GROUP, LLC

Gross asset value
$1.25B
Beneficial owners
2
ADV minimum commitment
$0

Reported in Form ADV on May 4, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor KPMG LLP SAN FRANCISCO, California, United States Other funds reporting this name →
Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

KPMG LLP
PCAOB 185

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MORGAN STANLEY
CRD 149777 · SEC 801-70103

Fund asset history · 1 annual observations Gross asset value by annual ADV filing$0$623M$1.25BFY 2025: $1,246,691,285.00FY 2025

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Fiscal yearGross assetsBeneficial ownersADV filed
2025$1,246,691,2852Mar 31, 2026
Filing source

Form ADV 2102983 · May 4, 2026 · Schedule D 7.B.(1), fund 805-7125725274

Reported by DRAGONEER INVESTMENT GROUP, LLC (CRD 161443).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; 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
Pat Robertson Executive
Marc Stad Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
One Letterman Dr. Building D, Ste M500
San Francisco, CA, 94129