Form D · Private Equity Fund

True North Real Estate Fund III, L.P.

White Plains, NY · CIK 0001605028

Offering snapshot reported Jul 15, 2015 · SEC filing

Reported sold: $542M
Investors reported: 23
Minimum accepted: $500K
First sale: Apr 4, 2014

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$70,000,000 → $542,189,827
Reported investors1 → 23
Minimum accepted$10,000,000 → $500,000

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 15, 2015	Amendment	$542,189,827	$472,189,827vs Apr 15, 2014	23	SEC filing
Apr 15, 2014	Initial	$70,000,000	No comparison	1	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $5.85M
Finders' fees: $0
Form D file number: 021-215650

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Atlantic-Pacific Capital, Inc.	38356

Source: Form D, filed Jul 15, 2015. 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

TRUE NORTH REAL ESTATE FUND III, L.P.

Investment adviser: TRUE NORTH MANAGEMENT GROUP, LLC

Gross asset value: $157M
Beneficial owners: 60
ADV minimum commitment: $100K

Reported in Form ADV on Mar 16, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CORTLAND CAPITAL MARKETS SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG STAMFORD, Connecticut, United States

Custodian CITIZENS BANK NEW YORK, New York, United States Related to adviser: No

Custodian JPMORGAN CHASE NEW YORK, New York, United States Related to adviser: No

Marketer ATLANTIC - PACIFIC CAPITAL, INC. NEW YORK, New York, 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

KPMG
PCAOB 185

ATLANTIC - PACIFIC CAPITAL, INC.
CRD 38356 · SEC 8-48198

Filing source

Form ADV 2073374 · Mar 16, 2026 · Schedule D 7.B.(1), fund 805-5375544034

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
True North Real Estate Fund III, L.P. (this fund)	Jul 15, 2015	$542,189,827	23
True North Real Estate Fund IV, L.P.	Aug 6, 2021	$170,150,000	Not reported

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
True North Capital Funding Iii, Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

10 Bank Street
White Plains, NY, 10606