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SEC filing record
Primary Source · SEC.gov

CrowdStreet Opportunistic Fund I, LLC- Series III

Fund Vehicle2022 vintage506(c), 3(c)(1)
CrowdStreetFull Review

Raised

$15M

Investors

90

Min Invest

$50,000

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AltStreet Analysis

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Generated from EDGAR primary sources

CrowdStreet Opportunistic Fund I, LLC - Series III is a Delaware pooled investment fund vehicle filed by CrowdStreet Advisors, LLC (managed by executive officer Kristen Howell) that raised $15.1M from 90 investors under Rule 506(c) and 3(c)(1) exemptions. The offering requires a $50K minimum investment and is part of the CrowdStreet platform, which operates 44 related EDGAR entities focused on real estate investments. First sale date was not disclosed in this original filing dated April 27, 2022.

This real estate fund vehicle uses the 506(c) exemption allowing general solicitation with verified accredited investors, combined with the 3(c)(1) Investment Company Act exemption limiting beneficial owners to under 100. The $50K minimum is accessible relative to institutional real estate funds but consistent with online platform-mediated offerings targeting accredited retail investors.

Data Flags

first_sale_dateOriginal filing with $15.1M raised but no first sale date disclosed
sales_commissionsNo sales commissions stated on a $15.1M 506(c) offering with 90 investors, suggesting direct platform distribution
investor_concentration90 investors for $15.1M raise suggests average check size of ~$168K, relatively small for a $50K minimum real estate fund

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001917378
Entity NameCrowdStreet Opportunistic Fund I, LLC- Series III
ExemptionRule 506(c), Section 3(c), Section 3(c)(1)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(1) of the Investment Company Act: the fund is excluded from investment-company registration because it has no more than 100 beneficial owners.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationDelaware
Issuer Address98 San Jacinto Blvd, 4th Floor, Austin, TX 78701
Phone(817) 703-3512
Industry / Fund TypePooled Investment Fund · Other Investment Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer)
Securities TypePooled Investment Fund
First Sale Date—
Filing DateApril 27, 2022
Accession Number0001917378-22-000001
Total Offering AmountIndefinite
Total Amount Sold$15,132,000
Total Investors90
Non-Accredited InvestorsNone
Minimum Investment$50,000
Offering DurationOne year or less
Net Asset Value RangeDecline to Disclose
State (Issuer Address)TX
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

DApril 27, 2022

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering CrowdStreet and its filings.

CrowdStreet REIT I NAV Falls 12.9% to $668.85, but $75.22 a Share of That Was Distributions

A semi-annual filing shows net asset value down $99.12 a share in the first half of 2026. Distributions account for $75.22 of the fall and operations for $23.90, and the fund's own reported total return is -3.16%.

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Fund family Part of the CrowdStreet Opportunistic Fund I LLC- family: 5 vehicles across 3 generations · 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
  • The dated record: 8 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Managing Member CrowdStreet Advisors, LLC

Director · Austin, TX

Kristen Howell

Executive Officer · Austin, TX

Questions About CrowdStreet Opportunistic Fund I, LLC- Series III

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is CrowdStreet Opportunistic Fund I, LLC- Series III?

CrowdStreet Opportunistic Fund I, LLC- Series III is a Delaware limited liability company that filed a Form D with the SEC on April 27, 2022 as a other investment fund. The filing claims Rule 506(c), Section 3(c), Section 3(c)(1) for an offering of pooled investment fund interests. AltStreet links the issuer to CrowdStreet.

Is CrowdStreet Opportunistic Fund I, LLC- Series III legit?

AltStreet does not rate legitimacy; it reports the public record. CrowdStreet Opportunistic Fund I, LLC- Series III filed a Form D with the SEC on April 27, 2022 claiming Rule 506(c), Section 3(c), Section 3(c)(1). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $15,132,000 sold to 90 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to CrowdStreet, which AltStreet has reviewed. 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 CrowdStreet Opportunistic Fund I, LLC- Series III 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 CrowdStreet Opportunistic Fund I, LLC- Series III claimed Rule 506(c), Section 3(c), Section 3(c)(1) 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 CrowdStreet Opportunistic Fund I, LLC- Series III raised?

CrowdStreet Opportunistic Fund I, LLC- Series III reported $15,132,000 sold from 90 investors in an offering of indefinite size as of the Form D filed April 27, 2022.

Who can invest in CrowdStreet Opportunistic Fund I, LLC- Series III?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. Because the fund also relies on Section 3(c)(1), it may have no more than 100 beneficial owners. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.

What is the minimum investment in CrowdStreet Opportunistic Fund I, LLC- Series III?

The Form D lists $50,000 as the minimum investment accepted from any outside investor as of April 27, 2022. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling CrowdStreet Opportunistic Fund I, LLC- Series III 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 CrowdStreet Opportunistic Fund I, LLC- Series III?

The Form D lists 2 related persons: Managing Member CrowdStreet Advisors, LLC, director (Managing Member of the Issuer); Kristen Howell, executive officer (General Counsel and Chief Compliance Officer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is CrowdStreet Opportunistic Fund I, LLC- Series III located?

The issuer's address on its SEC filings is 98 San Jacinto Blvd, 4th Floor, Austin, TX 78701. Its phone number of record is 817-703-3512. It is organized under the laws of Delaware.

How long is the CrowdStreet Opportunistic Fund I, LLC- Series III offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is CrowdStreet Opportunistic Fund I, LLC- Series III?

The issuer declined to disclose its net asset value 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.