Form D · Venture Capital Fund

PREN Fund II, a series of SAX Capital Series Fund III, LP

Seattle, WA · CIK 0001898241

Offering snapshot reported Dec 9, 2021 · SEC filing

Reported sold: $303K
Investors reported: 38
Minimum accepted: $1K
First sale: Apr 21, 2021

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 9, 2021	Initial	$302,500	No comparison	38	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-424360

Source: Form D, filed Dec 9, 2021. 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

GSG 105, A SERIES OF SAX CAPITAL SERIES FUND III, LP

Investment adviser: SAX CAPITAL LLC

Gross asset value: $287K
Beneficial owners: 42
ADV minimum commitment: $5K

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund asset history · 5 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2021	$293,000	42	Mar 31, 2022
2022	$293,000	42	Mar 31, 2023
2023	$290,507	42	Mar 29, 2024
2024	$287,780	42	Mar 31, 2025
2025	$287,109	42	Mar 30, 2026

Filing source

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-5751339229

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

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.

Matched by reported Form D file number