SEC filing record
Primary Source · SEC.gov

ASP SR PRIVATE CREDIT FUND III-A NO LP

Fund Vehicle2025 vintage506(b), 3(c)
Latest signalSold increasedForm D/A · 2025-11-218 events: 3 sold increased, 2 investors increased, 2 large raiseLast filing 2025-11-21

Raised

$495M

Investors

2

Min Invest

None stated

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AltStreet Analysis

·

Generated from EDGAR primary sources

ASP SR Private Credit Fund III-A No LP is a Delaware-domiciled pooled investment fund sponsored by Adams Street Partners. This amended filing reports $495.0M raised from 2 investors under Rule 506(b) and Section 3(c) exemptions. No minimum investment is disclosed on the filing.

This institutional private credit vehicle utilizes the standard 506(b) / 3(c) exemption structure typical of large alternative credit funds marketed to qualified purchasers. The two-investor base and $495M in capital suggests institutional anchor commitments or an early close of a significantly larger target fund, consistent with Adams Street's institutional client base.

Data Flags

first_sale_dateFirst sale date not disclosed on an amended filing reporting $495M raised; institutional funds often omit this optional field
total_investorsOnly 2 investors have committed $495M, indicating an average commitment of ~$247.5M per investor — institutional anchor investors or initial closing limited partners

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001967212
Entity NameASP SR PRIVATE CREDIT FUND III-A NO LP
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. 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)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer AddressOne North Wacker Dr., Suite 2700, Chicago, IL 60606
Phone(312) 553-7890
Industry / Fund TypePooled Investment Fund · Other Investment Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled Investment Fund
First Sale Date—
Filing DateNovember 21, 2025
Accession Number0001967212-25-000003
Total Offering AmountIndefinite
Total Amount Sold$494,984,786
Amount Sold NoteCombined figure across related vehicles: The Total Amount Sold reflects all offerings and sales by the feeder entities that invest in the Issuer and its parallel funds.
Total Investors2
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationIntended to last more than one year
Sales Commissions$0
Finders' Fees$0
Net Asset Value RangeDecline to Disclose
State (Issuer Address)IL
Amendment Count4 filings on record

Filings on Record

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

In the Terminal

Filing events

8

latest Nov 21, 2025

Critical / warning

0 / 1

6 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

raising

Latest event Sold increase · Nov 21, 2025

SEC.gov
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Fund family Part of the ASP SR PRIVATE CREDIT FUND family: 11 vehicles across 2 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
  • 8 filing events with values and deltas, latest 2025-11-21, and alerts on the next one
  • 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…

Related Persons (Form D)

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

Item 3 changed on the Form D filed 2025-11-21: 2 related persons added and 2 removed against the filing of 2025-06-05; 17 now listed. The names are in the Terminal feed.

N/A ADAMS STREET PRIVATE CREDIT FUND III GP LP

Director · CHICAGO, IL

N/A ADAMS STREET PRIVATE CREDIT FUND GP-GP LLC

Director · CHICAGO, IL

N/A ADAMS STREET PARTNERS, LLC

Director · CHICAGO, IL

JEFFREY AKERS

Executive Officer · CHICAGO, IL

DAVID BRETT

Executive Officer · CHICAGO, IL

SARA DASSE

Executive Officer · CHICAGO, IL

JEFFREY DIEHL

Executive Officer · CHICAGO, IL

STEVEN MONTAG

Executive Officer · CHICAGO, IL

MIGUEL GONZALO

Executive Officer · CHICAGO, IL

BRIJESH JEEVARATHNAM

Executive Officer · CHICAGO, IL

ERIC MANSELL

Executive Officer · CHICAGO, IL

ROBIN MURRAY

Executive Officer · CHICAGO, IL

KEVIN O'DONNELL

Executive Officer · CHICAGO, IL

WILLIAM SACHER

Executive Officer · CHICAGO, IL

JAMES WALKER

Executive Officer · CHICAGO, IL

MICHAEL KURLANDER

Executive Officer · CHICAGO, IL

ALICIA PANDO

Executive Officer · CHICAGO, IL

Questions About ASP SR PRIVATE CREDIT FUND III-A NO LP

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

What is ASP SR PRIVATE CREDIT FUND III-A NO LP?

ASP SR PRIVATE CREDIT FUND III-A NO LP is a Delaware limited partnership that filed a Form D with the SEC on November 21, 2025 as a other investment fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is ASP SR PRIVATE CREDIT FUND III-A NO LP legit?

AltStreet does not rate legitimacy; it reports the public record. ASP SR PRIVATE CREDIT FUND III-A NO LP filed a Form D with the SEC on November 21, 2025 claiming Rule 506(b), Section 3(c), 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 $494,984,786 sold to 2 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 ASP SR PRIVATE CREDIT FUND III-A NO 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 ASP SR PRIVATE CREDIT FUND III-A NO LP claimed Rule 506(b), Section 3(c), 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 ASP SR PRIVATE CREDIT FUND III-A NO LP raised?

ASP SR PRIVATE CREDIT FUND III-A NO LP reported $494,984,786 sold from 2 investors in an offering of indefinite size as of the Form D filed November 21, 2025. The filing states that the figure is combined across related vehicles, so it is not this entity's figure alone.

Who can invest in ASP SR PRIVATE CREDIT FUND III-A NO 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. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. 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 ASP SR PRIVATE CREDIT FUND III-A NO 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 ASP SR PRIVATE CREDIT FUND III-A NO 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. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind ASP SR PRIVATE CREDIT FUND III-A NO LP?

The Form D lists 17 related persons: ADAMS STREET PRIVATE CREDIT FUND III GP LP, director ("General Partner of the Issuer (the ""General Partner"")"); ADAMS STREET PRIVATE CREDIT FUND GP-GP LLC, director (General partner of the General Partner); ADAMS STREET PARTNERS, LLC, director (Member of the general partner of the General Partner); JEFFREY B. AKERS, executive officer (Executive Officer of Adams Street Partners, LLC); DAVID J. BRETT, executive officer (Executive Officer of Adams Street Partners, LLC); SARA R. DASSE, executive officer (Executive Officer of Adams Street Partners, LLC); JEFFREY T. DIEHL, executive officer (Executive Officer of Adams Street Partners, LLC); STEVEN T. MONTAG, executive officer (Executive Officer of Adams Street Partners, LLC), and 9 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is ASP SR PRIVATE CREDIT FUND III-A NO LP located?

The issuer's address on its SEC filings is One North Wacker Dr., Suite 2700, Chicago, IL 60606. Its phone number of record is 312-553-7890. It is organized under the laws of Delaware.

How long is the ASP SR PRIVATE CREDIT FUND III-A NO 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; 3 amendments are on record for this CIK.

How large is ASP SR PRIVATE CREDIT FUND III-A NO LP?

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.