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 / Thurston Fund III, LP

Thurston Fund III, LP

Active deploymentUnknownFundother manager vehicleADV: Private Equity FundThurston AdvisorsDelaware
Amounts, each with its basis
Vintage
2023basis: 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 021-474499, sworn by the adviser or filed under this vehicle
Form D sold
$24.1Mas of the filing of Feb 26, 2025, 48 investors
First sale
Feb 22, 2023
Reported GAV
$33.4Mon the Form ADV filed Jul 1, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
48
Reported on ADV
Mar 27, 2024 to Jul 1, 2024
Fundraising evidence
Unknown
latest Form D 2025-02-26, older than 15 months (fr-1)
evidence dated Feb 26, 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
Active deployment
vintage 2 to 4 years
age years: 3first sale: 2023-02-22vintage year: $2,023adv gav as of: 2024-07-01vintage basis: form_d_first_saleform d sold usd: $24.1Mform d offering usd: n/aform d latest filed at: 2025-02-26
The fund's own reporting through time
3 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 27, 2024Private Equity Fund$32.5M
48$100,00012%yes
Jun 25, 2024Private Equity Fund$33.4M
48$500,00011%yes
Jul 1, 2024Private Equity Fund$33.4M
48$500,00011%yes
Principals and agents
5 principals on Form D, 1 placement agents
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
4 events
  1. Feb 26, 2025
    Thurston Fund III, LP filed Form D/A: $24,065,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Mar 27, 2024
    Thurston Fund III, LP first reported on Form ADV by Thurston Advisors (Private Equity Fund), GAV $32,546,601
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Feb 26, 2024
    Thurston Fund III, LP filed Form D/A: $22,363,548 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Feb 28, 2023
    Thurston Fund III, LP filed Form D: $12,440,000 sold (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
48 observations
Every observation on this vehicle