DFX Intelligence
HSI Phaidra III LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
Newly closedClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- $13.8Msold at the filing
Latest Form D filed on 3 Dec 2025: $13.8M sold of $13.8M offered, 20 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
Drawing the relationship network…
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
- $13.8Mwhat may be sold, not what was raised; file 021-548820, sworn by the adviser or filed under this vehicle
- Form D sold
- $13.8Mas of the filing of Dec 3, 2025, 20 investors
- First sale
- May 28, 2025
- Reported GAV
- $13.9Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 10
- Reported on ADV
- unknown
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.Closed to new capital
Form D filed or amended 2025-12-03: the stated $13.8M offering reported fully sold (fr-1)
evidence dated Dec 3, 2025.
Lifecycle
Newly closed
Lifecycle
first sale within 24 months; Form D sold out or quiet
first sale: May 28, 2025vintage year: 2025adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $13.8Mform d offering: $13.8Mform d latest filed at: Dec 3, 2025
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2026 | Venture Capital Fund | $13.9M | 10 | 4% |
Principals and agents
1 principal on Form D, 0 placement agents
- Helena Special Investments Fund I SPV GP LLC Executive Officer
Service providers
2 named on Form ADV Schedule D and Form D
- AdministratorJuniper Square · NEW YORK, New York, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.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
3 events
- Mar 30, 2026HSI Phaidra III LLC first reported on Form ADV by Helena Special Investments LLC (Venture Capital Fund), GAV $13,937,087Fund first reported on Form ADV Inference Form ADV
- Dec 3, 2025HSI Phaidra III LLC filed Form D/A: $13,800,000 sold of $13,800,000, Venture Capital FundForm D filed Fact Form D
- Jun 12, 2025HSI Phaidra III LLC filed Form D: $1,550,000 sold of $1,550,000, Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Dec 3, 2025 Fact Form D
- Entity type: Limited Liability Company Jun 12, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Dec 3, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Jun 12, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 3, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 12, 2025 Fact Form D
- Amendment: true Dec 3, 2025 Fact Form D
- Amendment: false Jun 12, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 3, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 12, 2025 Fact Form D
- Incorporated: withinFiveYears Dec 3, 2025 Fact Form D
- Incorporated: withinFiveYears Jun 12, 2025 Fact Form D
- Jurisdiction: Delaware Dec 3, 2025 Fact Form D
- Jurisdiction: Delaware Jun 12, 2025 Fact Form D
- Amount sold (Form D): $13.8M Dec 3, 2025 Fact Form D
- Amount sold (Form D): $1.6M Jun 12, 2025 Fact Form D
- Offering amount (Form D): $13.8M Dec 3, 2025 Fact Form D
- Offering amount (Form D): $1.6M Jun 12, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Dec 3, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 12, 2025 Fact Form D
- First sale: 2025-05-28 Dec 3, 2025 Fact Form D
- First sale: 2025-05-28 Jun 12, 2025 Fact Form D
- Investors (Form D): 20 Dec 3, 2025 Fact Form D
- Investors (Form D): 7 Jun 12, 2025 Fact Form D
- Minimum investment (Form D): 0 Dec 3, 2025 Fact Form D
- Minimum investment (Form D): 0 Jun 12, 2025 Fact Form D
- Securities offered: pooled Dec 3, 2025 Fact Form D
- Securities offered: pooled Jun 12, 2025 Fact Form D
- Office address: Dec 3, 2025 Fact Form D
- Office address: Jun 12, 2025 Fact Form D
- Year of incorporation: 2025 Dec 3, 2025 Fact Form D
- Year of incorporation: 2025 Jun 12, 2025 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
HSI Phaidra III LLC 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
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2026-03-30source on record
- Form D filed2025-12-03source on record
- Form D filed2025-06-12source 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.