Blue Heron Capital Fund III, LP
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$81M
Investors
141
Min Invest
None stated
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What this filing shows
·Every sentence is a value as filed on SEC Form D
Blue Heron Capital Fund III, LP is a Delaware limited partnership that first filed a Form D on February 24, 2022 and most recently amended it on March 14, 2023, describing itself as a venture capital fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) and covers pooled investment fund interests. Blue Heron Capital Fund III, LP reported $81,130,000 sold from 141 investors of a $100,000,000 total offering as of the Form D filed March 14, 2023. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. The issuer's address of record is 1519 Summit Avenue, Suite 200, Richmond, VA 23230.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing March 14, 2023
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Fund family Part of the Blue Heron Capital Fund family: 2 vehicles across 2 generations · adviser of record Blue Heron Capital Management, LLC · full family and the filing behind each link in the terminal
Investor
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Adviser of Record (Form ADV)
CRD 300018 · exempt reporting adviser · lists this fund on Schedule D 7.B.(1) as a venture capital fund
Auditor named on Form ADV: PricewaterhouseCoopers LTD. · PCAOB-registered per the adviser
From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Blue Heron Capital Partners III GP, LLC
Executive Officer · Richmond, VA
"General Partner of the Issuers (the ""General Partner"")"
Andrew S. Tichenor
Director · Richmond, VA
Managing Partner of the General Partner
Thomas Q. Benedetti
Director · Richmond, VA
Managing Partner of the General Partner
Q. Blue Heron Capital Management, LLC
Promoter · Richmond, VA
Management Company
Questions About Blue Heron Capital Fund III, LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Blue Heron Capital Fund III, LP?
Blue Heron Capital Fund III, LP is a Delaware limited partnership that filed a Form D with the SEC on March 14, 2023 as a venture capital fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) for an offering of pooled investment fund interests.
Is Blue Heron Capital Fund III, LP legit?
AltStreet does not rate legitimacy; it reports the public record. Blue Heron Capital Fund III, LP filed a Form D with the SEC on March 14, 2023 claiming Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $81,130,000 sold to 141 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Blue Heron Capital Fund III, LP registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Blue Heron Capital Fund III, LP claimed Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Blue Heron Capital Fund III, LP raised?
Blue Heron Capital Fund III, LP reported $81,130,000 sold from 141 investors of a $100,000,000 total offering as of the Form D filed March 14, 2023.
Who can invest in Blue Heron Capital Fund III, LP?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in Blue Heron Capital Fund III, LP?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling Blue Heron Capital Fund III, LP and how are they paid?
The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.
Who is behind Blue Heron Capital Fund III, LP?
The Form D lists 4 related persons: Blue Heron Capital Partners III GP, LLC, executive officer ("General Partner of the Issuers (the ""General Partner"")"); Andrew S. Tichenor, director (Managing Partner of the General Partner); Thomas Q. Benedetti, director (Managing Partner of the General Partner); Q. Blue Heron Capital Management, LLC, promoter (Management Company). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Blue Heron Capital Fund III, LP located?
The issuer's address on its SEC filings is 1519 Summit Avenue, Suite 200, Richmond, VA 23230. Its phone number of record is (804) 212-3400. It is organized under the laws of Delaware.
How long is the Blue Heron Capital Fund III, LP offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
How large is Blue Heron Capital Fund III, LP?
The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.
