Ballistic Ventures III, LP has filed a new private offering with the aim of raising $360 million. This significant move highlights the firm's strategic focus on expanding its venture capital activities. The offering is designed to attract accredited investors, which is a common practice in the investment industry, particularly for pooled investment funds.

The filing, dated November 2, 2026, indicates that the total amount being offered is $360 million, with no funds raised yet. This suggests that the firm is in the early stages of its fundraising efforts. The filing also notes that the offering is exempt under Rule 506(b) and includes provisions for the Investment Company Act Section 3(c) and Section 3(c)(7).

Background

Ballistic Ventures III, LP is a limited partnership based in Menlo Park, California. The firm is incorporated in Delaware and focuses on venture capital investments. The company does not have a publicly listed ticker and operates outside of traditional stock exchanges. Its recent filing history includes the current Form D submission dated November 2, 2026.

What the Filing Says

The filing states, "Rule 506(b) provides a 'safer harbor' for a private offering," indicating the legal framework under which the firm is operating. Additionally, it confirms that the offering is not yet effective and that the first sale has yet to occur.

Impact

This offering may affect various stakeholders, including potential investors looking for opportunities in the venture capital space. The filing emphasizes that there are no non-accredited investors involved at this stage, which is typical for such offerings. The firm has also indicated that it has not yet accepted any investments.

What's Next

The filing does not specify what happens next, but it is likely that Ballistic Ventures III, LP will begin outreach to potential accredited investors to secure commitments for the offering.