Form D · Private Equity Fund

Piper Sandler Merchant Banking Fund III, L.P.

Minneapolis, MN · CIK 0001939989

Offering snapshot reported Nov 29, 2022 · 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
Nov 29, 2022InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1, 3C.7
Duration over one year
No
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-465967
A commission may be paid after the Issuer's final closing based on a percentage of the subscriptions of certain of the Issuer's limited partners.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Frontier Solutions, LLC136102
Piper Sandler & Co.665

Source: Form D, filed Nov 29, 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

PIPER SANDLER MERCHANT BANKING FUND III, L.P.

Investment adviser: PSC CAPITAL PARTNERS LLC

Gross asset value
$83.1M
Beneficial owners
37
ADV minimum commitment
$1M

Reported in Form ADV on Mar 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor ERNST & YOUNG, LLP MINNEAPOLIS, Minnesota, United States
Custodian BELL BANK FARGO, North Dakota, United States Related to adviser: No
Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No
Marketer PIPER SANDLER & CO. MINNEAPOLIS, Minnesota, United States Related to adviser: Yes
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

ERNST & YOUNG, LLP
PCAOB 42

BELL BANK
LEI 549300WYBPIWKK6SQC06

PERSHING LLC
SEC 8-17574

PIPER SANDLER & CO.
CRD 665 · SEC 801-108049

Filing source

Form ADV 2046961 · Mar 26, 2026 · Schedule D 7.B.(1), fund 805-8040973921

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
Seth D. Harward Executive
Psc Capital Management Iii Llc Promoter
Psc Capital Partners Llc Executive
Robert P. Rinek Executive
Thomas P. Schnettler Executive
Christianson J. Theodore Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Psc Capital Management Iii Llc 800 Nicollet Mall
Minneapolis, MN, 55402-7020