DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / BHC HC Co-Invest III, LLC
BHC HC Co-Invest III, LLC
Newly closedClosed to new capitalSPV or co-invest vehicleADV: Venture Capital Fundmanager not yet resolvedDelaware
Amounts, each with its basis
- Vintage
- 2025basis: 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
- $870,000what may be sold, not what was raised; file 021-559415, 021-459625, sworn by the adviser or filed under this vehicle
- Form D sold
- $870,000as of the filing of Oct 1, 2025, 13 investors
- First sale
- Sep 25, 2025
- Reported GAV
- unknown
- Owners (ADV)
- unknown
- Reported on ADV
- unknown
Fundraising evidence
Closed to new capital
Form D filed or amended 2025-10-01: the stated $870,000 offering reported fully sold (fr-1)
evidence dated Oct 1, 2025. A 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.
Lifecycle
Newly closed
first sale within 24 months; Form D sold out or quiet
first sale: 2025-09-25vintage year: $2,025adv gav as of: n/avintage basis: form_d_first_saleform d sold usd: $870,000form d offering usd: $870,000form d latest filed at: 2025-10-01
The fund's own reporting through time
0 Form ADV filings
No Form ADV reporting row: this vehicle is known from Form D only.
Principals and agents
4 principals on Form D, 0 placement agents
- Blue Heron Capital Partners III GP, LLC Executive Officer
- Thomas Q. Benedetti Director
- Q. Blue Heron Capital Management, LLC Promoter
- Andrew S. Tichenor Director
Limited partners and their reported performance
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.
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
2 events
- Oct 1, 2025BHC HC Co-Invest III, LLC filed Form D: $870,000 sold of $870,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Sep 22, 2022BHC HC Co-Invest III, LLC filed Form D: $7,187,033 sold of $7,187,033, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Liability Company Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $870,000 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $7.2M Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $870,000 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $7.2M Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2025-09-25 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2022-08-05 Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 13 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 32 Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 1806 SUMMIT AVENUE SUITE 200, RICHMOND, VA, 23230 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 1519 SUMMIT AVENUE SUITE 200, RICHMOND, VA, 23230 Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Oct 1, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Sep 22, 2022 Fact SEC EDGAR Form D data sets (quarterly)