Form D · Hedge Fund

Pabrai Investment Fund 3, Ltd.

West Lake Hills, TX · CIK 0001571780

Offering snapshot reported Mar 13, 2026 · SEC filing

Reported sold
$363M
Indefinite offering
Investors reported
375
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Feb 1, 2002
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$182M$363MMar 17, 2021: $159,000,000.00Mar 17, 2021Apr 5, 2022: $279,307,566.00Apr 4, 2023: $305,086,760.00Mar 12, 2024: $321,886,920.00Mar 12, 2025: $342,859,809.00Mar 12, 2026: $363,174,804.00Mar 13, 2026: $363,174,804.00Mar 13, 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.

  • Minimum accepted$5,000,000 → $1,000,000

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 13, 2026Amendment$363,174,804$0vs Mar 12, 2026375SEC filing
Mar 12, 2026Amendment$363,174,804$20,314,995vs Mar 12, 2025375SEC filing
Mar 12, 2025Amendment$342,859,809$20,972,889vs Mar 12, 2024370SEC filing
Mar 12, 2024Amendment$321,886,920$16,800,160vs Apr 4, 2023354SEC filing
Apr 4, 2023Amendment$305,086,760$25,779,194vs Apr 5, 2022335SEC filing
Apr 5, 2022Amendment$279,307,566$120,307,566vs Mar 17, 2021318SEC filing
Mar 17, 2021Initial$159,000,000No comparison123SEC filing
Mar 16, 2020Initial$137,500,000No comparison128SEC filing
Mar 21, 2019Initial$127,000,000No comparison131SEC filing
Apr 12, 2018Initial$218,300,000No comparison137SEC filing
Mar 13, 2013Initial$145,000,000No comparison130SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-392621

Source: Form D, filed Mar 13, 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

PABRAI INVESTMENT FUND 3, LTD.

Investment adviser: DALAL STREET, LLC

Gross asset value
$349M
Beneficial owners
149
ADV minimum commitment
$10M

Reported in Form ADV on Aug 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator LICCAR FUND SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSE COOPERS GRAND CAYMAN, Cayman Islands
Custodian HORIZON BANK, SSB AUSTIN, Texas, United States Related to adviser: No
Custodian UBS FINANCIAL SERVICES INC. CHICAGO, Illinois, United States Related to adviser: No
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker UBS SECURITIES LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSE COOPERS
PCAOB 1266

HORIZON BANK, SSB
LEI 549300I23OUVH341T124

UBS FINANCIAL SERVICES INC.
SEC 8-16267

UBS SECURITIES LLC
SEC 8-22651

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

Filing source

Form ADV 2128819 · Aug 27, 2026 · Schedule D 7.B.(1), fund 805-5999627120

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
Fahed Missmar Director
Mohnish Pabrai Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
4407 Bee Cave Road Suite 513
West Lake Hills, TX, 78746-6496