Lapis Municipal Opportunities Fund III LP
Private Equity FundFund ID 805-1605851493Delaware, United States
Gross assets
$55.8M
Min. investment
$50K
Beneficial owners
225
Size rank
Top 53%
Audited
Yes
Structure
Standalone
About this fund
Lapis Municipal Opportunities Fund III LP is a private equity fund managed by Lapis Advisers, LP. The fund reports $55.8 million in gross assets, placing it among the top 53% of private funds by size. The stated minimum investment is $50,000. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-1605851493 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 100% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Lapis Municipal Opportunities Fund IV LP | Private Equity | $295.8M |
| Lapis Municipal Opportunities Fund V LP | Private Equity | $228.3M |
| Mustang Snf Holdings LLC | Private Equity | $31.6M |
See all 7 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Lapis Municipal Opportunities Fund III LP?
Lapis Municipal Opportunities Fund III LP reports $55.8 million in gross assets, among the top 53% of private funds by size.
What is the minimum investment for Lapis Municipal Opportunities Fund III LP?
The stated minimum investment is $50,000.
Who manages Lapis Municipal Opportunities Fund III LP?
Lapis Municipal Opportunities Fund III LP is managed by Lapis Advisers, LP.
Does Lapis Municipal Opportunities Fund III LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
L
Denver, CO
Service providers
Prime broker
Custodian
Administrator
Auditor
Marketer
Reported gross assets
$55.8M▼ 34%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 53%
Larger than 47% of 67,041 private funds
Gross assets vs Private Equity FundsTop 50%
Larger than 50% of 31,066 private equity funds
Minimum investmentTop 85%
Higher than 15% of funds reporting a minimum
Investor base
Adviser & related persons2%
Funds of funds6%
Non-U.S. persons2%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.