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 / Lion Equity Fund III, LP

Lion Equity Fund III, LP

Active deploymentUnknownFundother manager vehicleADV: Private Equity FundLion Equity Investment Advisors, LLCDelaware

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: $150Mwhat may be sold, not what was raised; file 021-466130, sworn by the adviser or filed under this vehicle
Form D sold: $111Mas of the filing of Nov 28, 2023, 41 investors
First sale: Dec 1, 2022
Reported GAV: $78.7Mon the Form ADV filed Aug 30, 2024; the fund's assets, never its size or dry powder
Owners (ADV): 43
Reported on ADV: Mar 30, 2023 to Aug 30, 2024

Fundraising evidence

Unknown

latest Form D 2023-11-28, older than 15 months (fr-1)

evidence dated Nov 28, 2023. 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: 4first sale: 2022-12-01vintage year: $2,022adv gav as of: 2024-08-30vintage basis: form_d_first_saleform d sold usd: $111Mform d offering usd: $150Mform d latest filed at: 2023-11-28

The fund's own reporting through time

5 Form ADV filings

Filed	Type	Gross asset value	Owners	Min. investment	Adviser-owned	Audit
Mar 30, 2023	Private Equity Fund	$78.8M	41	$1.0M	6%	yes
Jun 9, 2023	Private Equity Fund	$78.8M	41	$1.0M	6%	yes
Mar 27, 2024	Private Equity Fund	$78.4M	43	$1.0M	6%	yes
May 1, 2024	Private Equity Fund	$78.7M	43	$1.0M	6%	yes
Aug 30, 2024	Private Equity Fund	$78.7M	43	$1.0M	6%	yes

Principals and agents

2 principals on Form D, 0 placement agents

ARI Jason Silverman Executive Officer
Edward James Levitas Executive Officer

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

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

Nov 28, 2023
Lion Equity Fund III, LP filed Form D/A: $110,750,000 sold of $150,000,000, Private Equity Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Mar 30, 2023
Lion Equity Fund III, LP first reported on Form ADV by Lion Equity Investment Advisors, LLC (Private Equity Fund), GAV $78,750,000
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)
Nov 30, 2022
Lion Equity Fund III, LP filed Form D: no sales yet (indefinite offering), Private Equity Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)

Evidence

31 observations

Every observation on this vehicle

Entity type: Limited Partnership Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Entity type: Limited Partnership Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Private Equity Fund Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Private Equity Fund Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: true Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: false Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Revenue range (Form D): Decline to Disclose Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Revenue range (Form D): Decline to Disclose Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $111M Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $0 Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $150M Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06b, 3C, 3C.7 Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06b, 3C, 3C.7 Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
First sale: 2022-12-01 Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Indefinite offering: true Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 41 Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 0 Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Office address: 260 N. JOSEPHINE ST., SUITE 220, DENVER, CO, 80206 Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Office address: 260 N. JOSEPHINE ST., SUITE 220, DENVER, CO, 80206 Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2022 Nov 28, 2023 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2022 Nov 30, 2022 Fact SEC EDGAR Form D data sets (quarterly)