Form D · Private Equity Fund

Thurston Fund III (QP), LP

Chicago, IL · CIK 0001958689

Offering snapshot reported Feb 26, 2025 · SEC filing

Reported sold: $93.2M
Investors reported: 111
Minimum accepted: $0
First sale: Feb 22, 2023

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$60,557,855 → $93,163,946
Reported investors93 → 111

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 26, 2025	Amendment	$93,163,946	$32,606,091vs Feb 26, 2024	111	SEC filing
Feb 26, 2024	Amendment	$60,557,855	$25,157,855vs Feb 28, 2023	93	SEC filing
Feb 28, 2023	Initial	$35,400,000	No comparison	50	SEC filing

Offering details

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

Sales commissions: $462 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-474500

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
MMX Global Partners, LLC	286531

Source: Form D, filed Feb 26, 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

THURSTON FUND III, LP

Investment adviser: THURSTON ADVISORS, LLC

Gross asset value: $38.4M
Beneficial owners: 49
ADV minimum commitment: $500K

Reported in Form ADV on May 12, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator OCORIAN SERVICES (US) LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BDO USA LLP CHICAGO, Illinois, United States

Custodian WINTRUST BANK, N.A. CHICAGO, Illinois, United States Related to adviser: No

Marketer PRAXESS SECURITIES, LLC NASHVILLE, Tennessee, United States Related to adviser: No

Provider details

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

BDO USA LLP
PCAOB 243

WINTRUST BANK, N.A.
LEI 549300RAQJBTN6Z28096

PRAXESS SECURITIES, LLC
CRD 326036 · SEC 8-71110

Filing source

Form ADV 2104626 · May 12, 2026 · Schedule D 7.B.(1), fund 805-9208514483

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
Daniel F. Davis	Executive
Dana Fender	Executive
Patrick J. Haynes, Iii	Executive
N/A Thurston Advisors, Llc	Executive, Promoter
N/A Thurston Fund Iii Gp, Llc	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

230 W. Monroe, Suite 1920
Chicago, IL, 60606