Form D · Private Equity Fund

VMG Partners III, L.P.

San Francisco, CA · CIK 0001648498

Offering snapshot reported Jul 23, 2015 · SEC filing

Reported sold: $490M
Investors reported: 40
Minimum accepted: $0
First sale: Jul 10, 2015

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
Jul 23, 2015	Initial	$490,000,000	No comparison	40	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-244323

This clarification relates to Items 12 and 15. Park Hill Group LLC is based in New York and received an advisory fee but did not solicit investors in any state or receive sales commissions.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Park Hill Group LLC	135898

Source: Form D, filed Jul 23, 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

VMG PARTNERS III, L.P.

Investment adviser: VMG PARTNERS II, LLC

Gross asset value: $31.4M
Beneficial owners: 41
ADV minimum commitment: $10M

Reported in Form ADV on Jul 21, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ALTER DOMUS DARIEN, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE AND TOUCHE LLP SAN FRANCISCO, California, United States

Custodian BMO HARRIS BANK CHICAGO, Illinois, United States Related to adviser: No

Custodian INSPIRA FINANCIAL OAK BROOK, Illinois, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No

Marketer PJT PARTNERS LP 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

DELOITTE AND TOUCHE LLP
PCAOB 34

BMO HARRIS BANK
LEI 3Y4U8VZURTYWI1W2K376

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

PJT PARTNERS LP
CRD 171058 · SEC 8-69442

Filing source

Form ADV 2120870 · Jul 21, 2026 · Schedule D 7.B.(1), fund 805-4547787567

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
VMG Partners II, L.P.	Jun 30, 2011	$375,000,000	30
VMG Partners III, L.P. (this fund)	Jul 23, 2015	$490,000,000	40
VMG Partners IV, L.P.	Jul 20, 2017	$525,100,000	40
VMG Partners V, L.P.	Mar 2, 2021	$871,200,000	102

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
David G. Baram	Director, Executive
Michael L. Mauz?	Director, Executive
Kara M. Roell	Director, Executive
N/A Vmg Partners Iii Gp, Llc	Director
N/A Vmg Partners Iii Gp, L.P.	Director
N/A Vmg Partners Ii, Llc	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

39 Mesa Street, Suite 310
San Francisco, CA, 94129