Form D · Private Equity Fund

Recurring Capital Fund III, L.P.

Austin, TX · CIK 0001875531

Offering snapshot reported Jul 5, 2022 · SEC filing

Reported sold: $81.1M
Investors reported: 100
Minimum accepted: $25K
First sale: Jul 16, 2021

Fundraising history

Reported sold

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$51,750,000 → $81,125,000

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 5, 2022	Amendment	$81,125,000	$29,375,000vs Jul 29, 2021	100	SEC filing
Jul 29, 2021	Initial	$51,750,000	No comparison	Not reported	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-408180

Source: Form D, filed Jul 5, 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

RECURRING CAPITAL FUND III, L.P.

Investment adviser: RECURRING CAPITAL MANAGEMENT COMPANY, LLC

Gross asset value: $18.8M
Beneficial owners: 100
ADV minimum commitment: $1M

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

Service providers

Fund administrator BACK OFFICE OUTSOURCED, LLC AUSTIN, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor FRAZIER & DEETER, LLC ATLANTA, Georgia, United States

Auditor MAXWELL, LOCKE & RITTER AUSTIN, Texas, United States

Custodian HOME BANCSHARES, INC. AUSTIN, Texas, 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

FRAZIER & DEETER, LLC
PCAOB 215

Filing source

Form ADV 2127817 · Aug 26, 2026 · Schedule D 7.B.(1), fund 805-4016762230

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Recurring Capital Fund I, L.P.	Jul 21, 2017	$18,750,000	40
Recurring Capital Fund II, L.P.	Oct 30, 2019	$56,080,000	88
Recurring Capital Fund III, L.P. (this fund)	Jul 5, 2022	$81,125,000	100
Recurring Capital Fund IV, L.P.	Sep 16, 2024	$123,015,000	105
Recurring Capital Fund V, L.P.	Nov 14, 2025	$84,840,000	65

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
Name	Reported role
Brian Henley	Director, Executive, Promoter
N/A Recurring Capital Gp, L.P.	Director, Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2901 Bee Caves Road Suite K
Austin, TX, 78746