Thurston Fund III (Parallel), LP is a private equity fund based in Chicago, Illinois. According to its most recent Form D, filed May 14, 2025, it has sold $16,200,000 of interests to 5 investors since its first sale in May 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Thurston Fund III GP, LLC; Patrick Haynes, III; Thurston Advisors, LLC.
- Total raised
- $16,200,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- May 1, 2025
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Thurston Fund III GP, LLC; Patrick Haynes, III; Thurston Advisors, LLC
- Latest Form D
- May 14, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Thurston Fund III (Parallel), LP
What is the minimum investment for Thurston Fund III (Parallel), LP?
Thurston Fund III (Parallel), LP's latest Form D, filed May 14, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Thurston Fund III (Parallel), LP?
Thurston Fund III (Parallel), LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Thurston Fund III (Parallel), LP raised?
Thurston Fund III (Parallel), LP reports $16,200,000 sold from 5 investors on its Form D filed May 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Thurston Fund III (Parallel), LP based?
Thurston Fund III (Parallel), LP is based in Chicago, Illinois and is managed by Thurston Advisors.
When did Thurston Fund III (Parallel), LP launch?
Thurston Fund III (Parallel), LP reports its first sale in May 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 59% of the 491 private equity funds based in Illinois, and more than 49% of all 9,142 that report sales.