DFX Intelligence
BIP Capital Growth Fund III, Qp-Lp
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Private Equity Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +11%reported GAV
Reported gross assets rose from $68.3M to $75.6M between the Form ADV filings of 29 Mar 2024 and 25 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2015basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- indefinitewhat may be sold, not what was raised; file 021-283743, sworn by the adviser or filed under this vehicle
- Form D sold
- $23.6Mas of the filing of Mar 30, 2017, 61 investors
- First sale
- Apr 20, 2015
- Reported GAV
- $75.6Mon the Form ADV filed Mar 25, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 58
- Reported on ADV
- Mar 5, 2019 to Mar 25, 2026
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Unknown
latest Form D 2017-03-30, older than 15 months (fr-1)
evidence dated Mar 30, 2017.
LifecycleHarvest
vintage over 7 years, still reported
age years: 11first sale: Apr 20, 2015vintage year: 2015adv gav as of: Mar 25, 2026vintage basis: Form d first saleform d sold: $23.6Mform d offering: n/aform d latest filed at: Mar 30, 2017
The fund's own reporting through time
9 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 5, 2019 | Private Equity Fund | $31.1M | 60 | $250,000 | 4% | yes | |
| Mar 30, 2020 | Private Equity Fund | $38.0M | 58 | $250,000 | 7% | yes | |
| Jun 29, 2020 | Private Equity Fund | $38.0M | 58 | $250,000 | 7% | yes | |
| Mar 31, 2021 | Private Equity Fund | $45.9M | 59 | $250,000 | 7% | yes | |
| Nov 18, 2021 | Private Equity Fund | $70.2M | 59 | $250,000 | 7% | yes | |
| Mar 30, 2022 | Private Equity Fund | $89.1M | 61 | $250,000 | 7% | yes | |
| Mar 29, 2023 | Private Equity Fund | $74.6M | 58 | $250,000 | 7% | yes | |
| Mar 29, 2024 | Private Equity Fund | $68.3M | 58 | $250,000 | 7% | yes | |
| Mar 25, 2026 | Private Equity Fund | $75.6M | 58 | $250,000 | 7% |
Principals and agents
3 principals on Form D, 0 placement agents
- . H. BIP Equity Partners III, LLC Executive Officer
- Scott H. Pressly Executive Officer
- Mark H. Buffington Executive Officer
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorBENNETT THRASHER PC · ATLANTA, Georgia, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- CustodianBANC OF CALIFORNIA · DURHAM, North Carolina, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
- Mar 25, 2026Custodian changed: BANC OF CALIFORNIA replaced INSPIRA FINANCIAL, PACIFIC WESTERN BANK, first reported on the Form ADV filed March 25, 2026 (previous filing March 28, 2025)Custodian changed Fact Form ADV
- Mar 5, 2019BIP Capital Growth Fund III, Qp-Lp first reported on Form ADV by BIP Capital Management Services, LLC (Private Equity Fund), GAV $31,143,531Fund first reported on Form ADV Fact Form ADV
- Mar 30, 2017BIP Capital Growth Fund III-QP, LP filed Form D: $23,634,296 sold (indefinite offering), Private Equity FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 30, 2017 Fact Form D
- Form D fund type: Private Equity Fund Mar 30, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 30, 2017 Fact Form D
- Amendment: false Mar 30, 2017 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 30, 2017 Fact Form D
- Incorporated: withinFiveYears Mar 30, 2017 Fact Form D
- Jurisdiction: Delaware Mar 30, 2017 Fact Form D
- Amount sold (Form D): $23.6M Mar 30, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Mar 30, 2017 Fact Form D
- First sale: 2015-04-20 Mar 30, 2017 Fact Form D
- Indefinite offering: true Mar 30, 2017 Fact Form D
- Investors (Form D): 61 Mar 30, 2017 Fact Form D
- Minimum investment (Form D): 250,000 Mar 30, 2017 Fact Form D
- Securities offered: Equity, pooled Mar 30, 2017 Fact Form D
- Office address: Mar 30, 2017 Fact Form D
- Year of incorporation: 2015 Mar 30, 2017 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
BIP Capital Growth Fund III, Qp-Lp is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2019-03-05source on record
- Form D filed2017-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.