Form D · Private Equity Fund

SPONSOR BACKED CREDIT FUND III, L.P.

Chicago, IL · CIK 0001996304

Offering snapshot reported Jul 25, 2025 · SEC filing

Reported sold
$735M
Indefinite offering
Investors reported
333
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jul 26, 2024
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported investors0 → 333

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jul 25, 2025Amendment$734,927,000No comparison333SEC filing
Jul 25, 2024InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
No
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-519778
The Issuer has not placed a limit on the commitments it may accept.

Source: Form D, filed Jul 25, 2025. 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

SPONSOR BACKED CREDIT FUND III, L.P.

Investment adviser: 50 SOUTH CAPITAL ADVISORS, LLC

Gross asset value
$946M
Beneficial owners
363
ADV minimum commitment
$500K

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ALTERDOMUS (FKA STRATA FUND SOLUTIONS LLC) SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Custodian CITIZENS BANK, N.A. PROVIDENCE, Rhode Island, United States Related to adviser: No
Marketer NORTHERN TRUST SECURITIES, INC CHICAGO, Illinois, United States Related to adviser: Yes
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

NORTHERN TRUST SECURITIES, INC
CRD 7927 · SEC 801-80781

Filing source

Form ADV 2081413 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-5782631869

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
Bradley M. Dorchinecz Executive, Promoter
Robert P. Morgan Executive, Promoter
Justin Redeker Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
50 South Lasalle Street
Chicago, IL, 60603