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Primary Source · SEC.gov

Heitman Real Estate Debt Partners III, L.P.

CIK 0002006741Fund Vehicle2025 vintage506(b), 3(c)(1)
Heitman Real Estate Debt Partners III, L.P.

Raised

$806M

Investors

13

Min Invest

$1,000,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Heitman Real Estate Debt Partners III, L.P. is a Delaware limited partnership filing under Rule 506(b) and 3(c)(1) exemptions, having raised $806.0M from 13 accredited investors with a $1.0M minimum investment. This is an amended filing for a pooled investment fund focused on real estate debt strategies, managed by a team of executive officers including David Maki, Gregory Leadholm, and Maury Tognarelli among others. First sale date was not disclosed in this filing.

This real estate debt fund operates in the institutional private credit space with a relatively high barrier to entry ($1.0M minimum) typical of institutional-quality limited partnerships. The 506(b) exemption permits general solicitation restrictions while the 3(c)(1) exemption limits the fund to 100 beneficial owners, consistent with traditional private real estate debt fund structures.

Data Flags

investorsOnly 13 investors for an $806.0M raise represents an average check size of approximately $62M per investor, indicating highly concentrated institutional capital
related_personsTen executive officers listed suggests a large management team structure, potentially indicating broad platform capabilities or multi-strategy approach

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002006741
Entity NameHeitman Real Estate Debt Partners III, L.P.
Exemption506(b), 3(c)(1)
First Sale Date—
Filing DateFebruary 3, 2025
Accession Number0002006741-25-000001
Total Amount Sold$806M
Total Investors13
Minimum Investment$1,000,000
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

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

David Maki

Executive Officer · Chicago, IL

Gregory Leadholm

Executive Officer · Chicago, IL

Maury Tognarelli

Executive Officer · Chicago, IL

Thomas McCarthy

Executive Officer · Chicago, IL

Lewis Ingall

Executive Officer · Chicago, IL

Lawrence Christensen

Executive Officer · Chicago, IL

Mary Ludgin

Executive Officer · Chicago, IL

Pete Fawcett

Executive Officer · Chicago, IL

Jeffrey Bingham

Executive Officer · Chicago, IL

Jonathan Lindell

Executive Officer · Chicago, IL

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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. AltStreet analysis (summaries, flags, category context) is generated by Claude from this primary source data and reviewed for accuracy. Platform-provided information (if present) is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. EDGAR data is verified read-only — platforms may request factual corrections for demonstrable inaccuracies by contacting research@altstreet.investments. This page does not constitute investment advice.