Form D · Private Equity Fund

Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P.

New York, NY · CIK 0001612286

Offering snapshot reported Jun 30, 2014 · SEC filing

Reported sold: $234M
Investors reported: 279
Minimum accepted: $0
First sale: Jun 16, 2014

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
Jun 30, 2014	Initial	$233,910,000	No comparison	279	SEC filing

Offering details

Securities: Pooled investment fund, Other
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $1.66M
Finders' fees: $0
Form D file number: 021-220095

Limited Partnership Interests

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
None	None	Deutsche Bank Securities Inc. · CRD 2525

Source: Form D, filed Jun 30, 2014. 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

SECONDARY OPPORTUNITIES FUND III PRIVATE CLIENT FEEDER FUND (U.S.), L.P.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $90.4M
Beneficial owners: 295
ADV minimum commitment: $500K

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

Service providers

Fund administrator STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Marketer DBS BANK SINGAPORE, Singapore Related to adviser: No

Marketer DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No

Marketer ESCALA PARTNERS MELBOURNE, Australia Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: Yes

Marketer PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer RAYMOND JAMES & ASSOCIATES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No

Marketer RAYMOND JAMES FINANCIAL SERVICES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No

Provider details

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

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

DEUTSCHE BANK SECURITIES INC.
CRD 2525 · SEC 801-9638

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

PERSHING LLC
CRD 7560 · SEC 8-17574

RAYMOND JAMES & ASSOCIATES, INC.
CRD 705 · SEC 801-10418

RAYMOND JAMES FINANCIAL SERVICES, INC.
CRD 6694 · SEC 8-17983

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-7418016711

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
Name	Reported role
Christopher Humphries	Director
N/A Secondary Opportunities Fund Iii Private Client Feeder Fund Gp, Ltd.	Promoter
N/A Southern Management Services Ltd.	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

345 Park Avenue 26th Floor
New York, NY, 10154