DFX Intelligence
SPX 244, a Series of Sax Capital Series Fund III, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Private Equity FundSingle-purpose vehicle
A single-purpose vehicle, usually formed for one deal.
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal, 3 events
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- -63%reported GAV
Reported gross assets fell from $3.58M to $1.32M between the Form ADV filings of 30 Mar 2026 and 12 Sep 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
- 2022basis: 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
- $2.0Mwhat may be sold, not what was raised; file 021-457693, 021-449011, sworn by the adviser or filed under this vehicle
- Form D sold
- $2.0Mas of the filing of Nov 16, 2022, 76 investors
- First sale
- Jun 14, 2022
- Reported GAV
- $1.3Mon the Form ADV filed Sep 12, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 1
- Reported on ADV
- Mar 31, 2023 to Sep 12, 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.
Closed to new capital
Form D filed or amended 2022-11-16: the stated $2.0M offering reported fully sold (fr-1)
evidence dated Nov 16, 2022.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: Jun 14, 2022vintage year: 2022adv gav as of: Sep 12, 2026vintage basis: Form d first saleform d sold: $2.0Mform d offering: $2.0Mform d latest filed at: Nov 16, 2022
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Private Equity Fund | $1.8M | 76 | $1,000 | 0% | yes | |
| Jun 30, 2023 | Private Equity Fund | $1.8M | 76 | $1,000 | 0% | yes | |
| Mar 29, 2024 | Private Equity Fund | $1.8M | 76 | $1,000 | 0% | yes | |
| Apr 30, 2024 | Private Equity Fund | $1.8M | 76 | $1,000 | 0% | yes | |
| Oct 11, 2024 | Private Equity Fund | $2.0M | 76 | $1,000 | 0% | yes | |
| Mar 30, 2026 | Private Equity Fund | $3.6M | 76 | $1,000 | 0% | ||
| Sep 12, 2026 | $1.3M | 1 | $1,000 | 0% |
Principals and agents
4 principals on Form D, 0 placement agents
- Belltower Fund Group, Ltd. Director
- LLC SAX Capital Series Fund III Director
- SAX Capital Series GP III, LLC Director
Service providers
2 named on Form ADV Schedule D and Form D
- AdministratorBelltower Fund Group (AngelList) · SEATTLE, Washington, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBelltower Fund Group (AngelList) · SEATTLE, Washington, United StatesForm ADV filed Mar 31, 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
8 events
- Mar 31, 2026Custodian changed: Belltower Fund Group (AngelList) replaced GRASSHOPPER BANK, first reported on the Form ADV filed March 31, 2026 (previous filing March 30, 2026)Custodian changed Fact Form ADV
- Mar 30, 2026Custodian changed: GRASSHOPPER BANK replaced Silicon Valley Bank, first reported on the Form ADV filed March 30, 2026 (previous filing March 31, 2025)Custodian changed Fact Form ADV
- Mar 31, 2025Custodian changed: Silicon Valley Bank replaced Belltower Fund Group (AngelList), first reported on the Form ADV filed March 31, 2025 (previous filing January 2, 2025)Custodian changed Fact Form ADV
- Jan 2, 2025Custodian changed: Belltower Fund Group (AngelList) replaced Silicon Valley Bank, first reported on the Form ADV filed January 2, 2025 (previous filing October 11, 2024)Custodian changed Fact Form ADV
- Mar 31, 2023SPX 228, a Series of Sax Capital Series Fund III, LP first reported on Form ADV by SAX Capital LLC (Private Equity Fund), GAV $1,750,000Fund first reported on Form ADV Fact Form ADV
Evidence
48 observations
Every observation on this vehicle
- Adv pdf fund: 1,323,277 Sep 12, 2026 Fact Form ADV
- Entity type: Limited Partnership Nov 16, 2022 Fact Form D
- Entity type: Limited Partnership Sep 1, 2022 Fact Form D
- Entity type: Limited Partnership Jun 13, 2022 Fact Form D
- Form D fund type: Other Investment Fund Nov 16, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Sep 1, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jun 13, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 16, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 1, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 13, 2022 Fact Form D
- Amendment: true Nov 16, 2022 Fact Form D
- Amendment: false Sep 1, 2022 Fact Form D
- Amendment: false Jun 13, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Sep 1, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 13, 2022 Fact Form D
- Incorporated: withinFiveYears Nov 16, 2022 Fact Form D
- Incorporated: withinFiveYears Sep 1, 2022 Fact Form D
- Incorporated: withinFiveYears Jun 13, 2022 Fact Form D
- Jurisdiction: Delaware Nov 16, 2022 Fact Form D
- Jurisdiction: Delaware Sep 1, 2022 Fact Form D
- Jurisdiction: Delaware Jun 13, 2022 Fact Form D
- Amount sold (Form D): $2.0M Nov 16, 2022 Fact Form D
- Amount sold (Form D): $2.0M Sep 1, 2022 Fact Form D
- Amount sold (Form D): $1.5M Jun 13, 2022 Fact Form D
- Offering amount (Form D): $2.0M Nov 16, 2022 Fact Form D
- Offering amount (Form D): $2.0M Sep 1, 2022 Fact Form D
- Offering amount (Form D): $1.5M Jun 13, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Nov 16, 2022 Fact Form D
- Exemptions: 06b, 3C.1 Sep 1, 2022 Fact Form D
- Exemptions: 06b, 3C.1 Jun 13, 2022 Fact Form D
- First sale: 2022-06-14 Nov 16, 2022 Fact Form D
- First sale: 2022-06-14 Sep 1, 2022 Fact Form D
- First sale: 2022-05-20 Jun 13, 2022 Fact Form D
- Investors (Form D): 76 Nov 16, 2022 Fact Form D
- Investors (Form D): 76 Sep 1, 2022 Fact Form D
- Investors (Form D): 1 Jun 13, 2022 Fact Form D
- Minimum investment (Form D): 986 Nov 16, 2022 Fact Form D
- Minimum investment (Form D): 986 Sep 1, 2022 Fact Form D
- Minimum investment (Form D): 1,505,834 Jun 13, 2022 Fact Form D
- Securities offered: pooled Nov 16, 2022 Fact Form D
- Securities offered: pooled Sep 1, 2022 Fact Form D
- Securities offered: pooled Jun 13, 2022 Fact Form D
- Office address: Nov 16, 2022 Fact Form D
- Office address: Sep 1, 2022 Fact Form D
- Office address: Jun 13, 2022 Fact Form D
- Year of incorporation: 2022 Nov 16, 2022 Fact Form D
- Year of incorporation: 2022 Sep 1, 2022 Fact Form D
- Year of incorporation: 2022 Jun 13, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
SPX 244, a Series of Sax Capital Series Fund III, 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.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
4 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-03-31source on record
- Form D filed2022-11-16source on record
- Form D filed2022-09-01source 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.