Form D · Hedge Fund
SBB Research Group Polysight III, LLC
Northbrook, IL · CIK 0001893898
Offering snapshot reported Feb 19, 2026 · SEC filing
- Reported sold
- $743M Indefinite offering
- Investors reported
- 9 Form D · investor count
- Minimum accepted
- $50M Reported outside-investor minimum
- First sale
- Nov 1, 2021 As reported in this filing
Fundraising history
Reported soldDates 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$724,515,775 → $742,964,364
- Reported investors7 → 9
Filing history
Scroll to see all columns →
| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Feb 19, 2026 | Amendment | $742,964,364 | $18,448,589vs Sep 25, 2025 | 9 | SEC filing |
| Sep 25, 2025 | Amendment | $724,515,775 | -$194,425,064vs Feb 20, 2025 | 7 | SEC filing |
| Feb 20, 2025 | Amendment | $918,940,839 | $18,940,839vs Feb 21, 2024 | 7 | SEC filing |
| Feb 21, 2024 | Amendment | $900,000,000 | $0vs Feb 28, 2023 | 6 | SEC filing |
| Feb 28, 2023 | Amendment | $900,000,000 | $200,000,000vs Mar 4, 2022 | 3 | SEC filing |
| Mar 4, 2022 | Amendment | $700,000,000 | $0vs Nov 17, 2021 | 2 | SEC filing |
| Nov 17, 2021 | Initial | $700,000,000 | No comparison | 2 | SEC 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
- 021-421551
Source: Form D, filed Feb 19, 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
SBB RESEARCH GROUP POLYSIGHT III LLC
Investment adviser: SBB RESEARCH GROUP LLC
- Gross asset value
- $991M
- Beneficial owners
- 7
- ADV minimum commitment
- $50M
Reported in Form ADV on Aug 5, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- No
- External marketing
- No
BAKER TILLY VIRCHOW KRAUSE, LLP
PCAOB 23
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SEC 8-129
J.P. MORGAN SECURITIES LLC
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MORGAN STANLEY SMITH BARNEY LLC
SEC 8-68191
RBC CAPITAL MARKETS, LLC
SEC 8-45411
STIFEL, NICOLAUS & COMPANY, INCORPORATED
SEC 8-1447
UBS FINANCIAL SERVICES INC.
SEC 8-16267
Filing source
Form ADV 2116263 · Aug 5, 2026 · Schedule D 7.B.(1), fund 805-1102297252
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.
| Name | Reported role |
|---|---|
| Matthew Lawrence Aven | Director, Executive, Promoter |
| Sam Benjamin Barnett | Director, Executive, Promoter |
| Michael S Chick | Executive |
| Brad Alan Greenstein | Executive |
| Walter M Kelly | Executive |
| Sandeep D Navalgund | Executive |
| N/A Sbb Research Group Llc | Promoter |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Northbrook, IL, 60062