AltStreet
SEC filing record
Primary Source · SEC.gov

Carlyle Europe Realty Feeder Fund III, S.C.Sp.

Feeder Fund2026 vintage506(b), 3(c)
Latest signalNew Form D filerForm D · 2026-10-19Last filing 2026-10-19

Raised

Pre-open

Investors

—

Min Invest

None stated

AltStreet Analysis

·

Generated from EDGAR primary sources

Carlyle Europe Realty Feeder Fund III, S.C.Sp. is a Luxembourg-domiciled feeder vehicle that filed this Form D as a pooled investment fund under 506(b) and 3(c) exemptions, with Carlyle-affiliated entities named as promoters. The filing reflects a pre-open offering — total amount sold, investor count, and minimum investment are not disclosed, consistent with an original filing made ahead of a first closing.

This filing fits the typical pattern for institutional real estate-focused private fund vehicles relying on Rule 506(b) alongside an Investment Company Act 3(c) exclusion, a common structure for non-U.S. feeder funds raising capital for a master fund. No minimum investment is stated on the filing, and no raise or investor data is yet available, which is standard for a newly filed, pre-close vehicle of this type.

Data Flags

state_of_incorporationEntity is organized in Luxembourg rather than a U.S. or typical offshore (Cayman/BVI) jurisdiction, indicating a cross-border fund structure feeding into a Carlyle master vehicle.
exemptionFiling simultaneously claims 506(b) and a 3(c) Investment Company Act exclusion, a dual exemption structure common to institutional pooled funds but notable for a single filing.
total_amount_sold / first_sale_dateNo first sale date or amount sold is disclosed, consistent with a pre-open original Form D filing rather than a capital-raise update.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002094576
Entity NameCarlyle Europe Realty Feeder Fund III, S.C.Sp.
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 OrganizationLuxembourg
Year Organized2025
Issuer Address9, Rue De Bitbourg, Luxembourg, N4 L-1273
Phone(202) 729-5626
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled Investment Fund
First Sale DateNot yet occurred (as filed)
Filing DateOctober 19, 2026
Accession Number0002094576-26-000001
Total Offering AmountIndefinite
Total Amount Sold$0 (no sales yet)
Total Investors0 (no sales yet)
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationIntended to last more than one year
Sales Commissions$0 (to TCG Capital Markets L.L.C.)
Finders' Fees$0
Proceeds to Related Persons$0
Revenue RangeDecline to Disclose
State (Issuer Address)N4
Amendment CountOriginal filing only
Signed BySanket Patel, Authorised signatory of CERF III LUX GP, S.A R.L.

Filings on Record

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

DOctober 19, 2026

In the Terminal

Filing events

1

latest Oct 19, 2026

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

pre_sale

Latest event New filer · Oct 19, 2026

SEC.gov
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Fund family Part of the Carlyle Europe Realty Fund family: 6 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
  • 1 filing event with values and deltas, latest 2026-10-19, and alerts on the next one
  • 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.

N/A CERF III Managing GP, L.P.

Promoter · Luxembourg, N4

N/A CERF III Lux GP, S.a.r.l.

Promoter · Luxembourg, N4

Jeremy Anderson

Executive Officer · Washington, DC

Nicholas Duvall

Executive Officer · Washington, DC

Estelle Vodouhe

Executive Officer · Luxembourg, N4

Pierre Picard

Executive Officer · Luxembourg, N4

Daniel Fischbach

Executive Officer · Luxembourg, N4

Sabine Belair

Executive Officer · Luxembourg, N4

Gabriel Gultekin

Executive Officer · Luxembourg, N4

Sanket Patel

Executive Officer · Washington, DC

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

TCG Capital Markets L.L.C.CRD 291767 on BrokerCheck

New York, NY · Soliciting in all states

Questions About Carlyle Europe Realty Feeder Fund III, S.C.Sp.

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

What is Carlyle Europe Realty Feeder Fund III, S.C.Sp.?

Carlyle Europe Realty Feeder Fund III, S.C.Sp. is a Luxembourg limited partnership organized in 2025 that filed a Form D with the SEC on October 19, 2026 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is Carlyle Europe Realty Feeder Fund III, S.C.Sp. legit?

AltStreet does not rate legitimacy; it reports the public record. Carlyle Europe Realty Feeder Fund III, S.C.Sp. filed a Form D with the SEC on October 19, 2026 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. No sales had been reported as of that notice. 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 Carlyle Europe Realty Feeder Fund III, S.C.Sp. 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 Carlyle Europe Realty Feeder Fund III, S.C.Sp. 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 Carlyle Europe Realty Feeder Fund III, S.C.Sp. raised?

Carlyle Europe Realty Feeder Fund III, S.C.Sp. reported that the first sale had not yet occurred as of the Form D filed October 19, 2026, so no amount sold or investor count is on file. The total offering amount is listed as indefinite.

Who can invest in Carlyle Europe Realty Feeder Fund III, S.C.Sp.?

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 Carlyle Europe Realty Feeder Fund III, S.C.Sp.?

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 Carlyle Europe Realty Feeder Fund III, S.C.Sp. and how are they paid?

The Form D names TCG Capital Markets L.L.C. (CRD 291767) as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind Carlyle Europe Realty Feeder Fund III, S.C.Sp.?

The Form D lists 10 related persons: CERF III Managing GP, L.P., promoter (The Ontario General Partner (the "Ontario GP") of the Issuer); CERF III Lux GP, S.a.r.l., promoter (Luxembourg General Partner (the "Lux GP") of the Issuer); Jeremy W. Anderson, executive officer (Officer of the General Partner of the Ontario GP); Nicholas Duvall, executive officer (Officer of the General Partner of the Ontario GP and Manager of the Lux GP); Estelle Beyl Vodouhe, executive officer (Manager of the Lux GP); Pierre Picard, executive officer (Manager of the Lux GP); Daniel Fischbach, executive officer (Manager of the Lux GP); Sabine Belair, executive officer (Manager of the Lux GP), and 2 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Carlyle Europe Realty Feeder Fund III, S.C.Sp. located?

The issuer's address on its SEC filings is 9, Rue De Bitbourg, Luxembourg, N4 L-1273. Its phone number of record is (202) 729-5626. It is organized under the laws of Luxembourg.

How long is the Carlyle Europe Realty Feeder Fund III, S.C.Sp. 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, and no amendment is on record yet.

How large is Carlyle Europe Realty Feeder Fund III, S.C.Sp.?

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.