DFX Intelligence
Gray Ghost Emerging Markets Fund III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 event
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days. Last change: 2 May 2017, Latest Form D filed on 2 May 2017: $10M sold of $60M offered, 2 investors. A Form D amount is what was sold at the filing, never a final close.
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
- $60.0Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the general partner the adviser swears for this fund, the filing's signer sitting on the adviser's roster, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.70); file 021-240321
- Form D sold
- $10.0Mas of the filing of May 2, 2017, 2 investors
- First sale
- Apr 1, 2015
- Reported GAV
- $100on the Form ADV filed Mar 9, 2017; the fund's assets, never its size or dry powder
- Owners (ADV)
- 3
- Reported on ADV
- Mar 31, 2014 to Mar 9, 2017
Fundraising evidence
What 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 2017-05-02, older than 15 months (fr-1)
evidence dated May 2, 2017.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 11first sale: Apr 1, 2015vintage year: 2015adv gav as of: Mar 9, 2017vintage basis: Form d first saleform d sold: $10.0Mform d offering: $60.0Mform d latest filed at: May 2, 2017
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2014 | Venture Capital Fund | $100 | 1 | $1.5M | 100% | yes | |
| Aug 29, 2014 | Venture Capital Fund | $100 | 1 | $1.5M | 100% | yes | |
| Sep 9, 2014 | Venture Capital Fund | $100 | 1 | $1.5M | 100% | yes | |
| Apr 2, 2015 | Venture Capital Fund | $100 | 1 | $1.5M | 100% | yes | |
| Mar 22, 2016 | Venture Capital Fund | $100 | 3 | $1.5M | 1% | yes | |
| Mar 9, 2017 | Venture Capital Fund | $100 | 3 | $1.5M | 1% | yes |
Principals and agents
3 principals on Form D, 2 placement agents
- Gray Ghost Management & Operations, LLC Promoter
- Arun Gore Executive Officer/Promoter
- Emerging Markets Impact Funds GP, LLC Promoter
- Enclude Capital Advisory UK Limited placement agent
- Crito Capital LLC placement agent
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorWARREN AVERETT · ATLANTA, Georgia, United StatesForm ADV filed Mar 9, 2017 sec.gov
- AdministratorTRIDENT FUND SERVICES, INC. · ATLANTA, Georgia, United StatesForm ADV filed Mar 9, 2017 sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 9, 2017 sec.gov
Limited partners and their reported performance
Whose 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 allocators
What 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
6 events
- May 2, 2017Gray Ghost Emerging Markets Fund III, L.P. filed Form D/A: $10,000,000 sold of $60,000,000, Venture Capital FundForm D filed Fact Form D
- May 16, 2016Gray Ghost Emerging Markets Fund III, L.P. filed Form D/A: $10,000,000 sold of $60,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 22, 2016Custodian changed: Silicon Valley Bank replaced Wells Fargo, first reported on the Form ADV filed March 22, 2016 (previous filing April 2, 2015)Custodian changed Fact Form ADV
- May 21, 2015Gray Ghost Emerging Markets Fund III, L.P. filed Form D: $10,000,000 sold of $60,000,000, Venture Capital FundForm D filed Fact Form D
- Apr 2, 2015Auditor changed: WARREN AVERETT replaced DIXON HUGHES GOODMAN, LLP, first reported on the Form ADV filed April 2, 2015 (previous filing September 9, 2014)Auditor changed Fact Form ADV
Evidence
48 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 2, 2017 Fact Form D
- Entity type: Limited Partnership May 16, 2016 Fact Form D
- Entity type: Limited Partnership May 21, 2015 Fact Form D
- Form D fund type: Venture Capital Fund May 2, 2017 Fact Form D
- Form D fund type: Venture Capital Fund May 16, 2016 Fact Form D
- Form D fund type: Venture Capital Fund May 21, 2015 Fact Form D
- Form D industry group: Pooled Investment Fund May 2, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund May 16, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund May 21, 2015 Fact Form D
- Amendment: true May 2, 2017 Fact Form D
- Amendment: true May 16, 2016 Fact Form D
- Amendment: false May 21, 2015 Fact Form D
- Revenue range (Form D): Decline to Disclose May 2, 2017 Fact Form D
- Revenue range (Form D): Decline to Disclose May 16, 2016 Fact Form D
- Revenue range (Form D): Decline to Disclose May 21, 2015 Fact Form D
- Incorporated: withinFiveYears May 2, 2017 Fact Form D
- Incorporated: withinFiveYears May 16, 2016 Fact Form D
- Incorporated: withinFiveYears May 21, 2015 Fact Form D
- Jurisdiction: Delaware May 2, 2017 Fact Form D
- Jurisdiction: Delaware May 16, 2016 Fact Form D
- Jurisdiction: Delaware May 21, 2015 Fact Form D
- Amount sold (Form D): $10.0M May 2, 2017 Fact Form D
- Amount sold (Form D): $10.0M May 16, 2016 Fact Form D
- Amount sold (Form D): $10.0M May 21, 2015 Fact Form D
- Offering amount (Form D): $60.0M May 2, 2017 Fact Form D
- Offering amount (Form D): $60.0M May 16, 2016 Fact Form D
- Offering amount (Form D): $60.0M May 21, 2015 Fact Form D
- Exemptions: 06b, 3C, 3C.7 May 2, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.7 May 16, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.7 May 21, 2015 Fact Form D
- First sale: 2015-04-01 May 2, 2017 Fact Form D
- First sale: 2015-04-01 May 16, 2016 Fact Form D
- First sale: 2015-04-01 May 21, 2015 Fact Form D
- Investors (Form D): 2 May 2, 2017 Fact Form D
- Investors (Form D): 2 May 16, 2016 Fact Form D
- Investors (Form D): 2 May 21, 2015 Fact Form D
- Minimum investment (Form D): 0 May 2, 2017 Fact Form D
- Minimum investment (Form D): 0 May 16, 2016 Fact Form D
- Minimum investment (Form D): 0 May 21, 2015 Fact Form D
- Securities offered: pooled May 2, 2017 Fact Form D
- Securities offered: pooled May 16, 2016 Fact Form D
- Securities offered: pooled May 21, 2015 Fact Form D
- Office address: May 2, 2017 Fact Form D
- Office address: May 16, 2016 Fact Form D
- Office address: May 21, 2015 Fact Form D
- Year of incorporation: 2013 May 2, 2017 Fact Form D
- Year of incorporation: 2013 May 16, 2016 Fact Form D
- Year of incorporation: 2013 May 21, 2015 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Gray Ghost Emerging Markets Fund III, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
4 dated events on the change ledger, latest event first
- Form D filed2017-05-02source on record
- Form D filed2016-05-16source on record
- Form D filed2015-05-21source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.