Form D · Private Equity Fund

Tonka Opportunities Fund III, L.P.

Minnetonka, MN · CIK 0001964173

Offering snapshot reported Feb 4, 2025 · SEC filing

Reported sold: $60M
Investors reported: 4
Minimum accepted: $0
First sale: Feb 7, 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.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 4, 2025	Amendment	$60,000,000	$0vs Feb 8, 2024	4	SEC filing
Feb 8, 2024	Amendment	$60,000,000	$30,000,000vs Feb 10, 2023	4	SEC filing
Feb 10, 2023	Initial	$30,000,000	No comparison	4	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-473240

Source: Form D, filed Feb 4, 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

TONKA OPPORTUNITIES FUND III, L.P.

Investment adviser: TONKA CAPITAL PARTNERS, LLC

Gross asset value: $71.6M
Beneficial owners: 4
ADV minimum commitment: $1M

Reported in Form ADV on May 7, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CLIFTONLARSONALLEN LLP MINNEAPOLIS, Minnesota, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor CBIZ CPAS P.C. MINNEAPOLIS, Minnesota, United States

Custodian WELLS FARGO CLEARING SERVICES, LLC CHICAGO, Illinois, United States Related to adviser: No

Prime broker WELLS FARGO CLEARING SERVICES, LLC CHICAGO, Illinois, United States

Provider details

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

CBIZ CPAS P.C.
PCAOB 199

WELLS FARGO CLEARING SERVICES, LLC
SEC 8-37180

WELLS FARGO CLEARING SERVICES, LLC
CRD 19616 · SEC 8-37180

Filing source

Form ADV 2103943 · May 7, 2026 · Schedule D 7.B.(1), fund 805-9040241368

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
TONKA OPPORTUNITIES FUND, L.P.	Sep 17, 2020	$1,400,000	4
TONKA OPPORTUNITIES FUND II, L.P.	Oct 10, 2024	$60,000,000	1
Tonka Opportunities Fund III, L.P. (this fund)	Feb 4, 2025	$60,000,000	4

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
Justin Kanive	Executive
N/A Tof Iii Gp, Llc	Promoter
N/A Tonka Capital Partners, Llc	Promoter
Nicholas Treat	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

130 Cheshire Lane Suite 175
Minnetonka, MN, 55305