Kaleo VC Fund III, LP

Other real estate
Rule 506(b)
Dallas, Texas
Filed Nov 12, 2026

Raising: $30,000,000
Sold so far: $12,390,000; 41% sold
Investors: 12
Average check: $1,032,500; Sold ÷ investors
Minimum: $15,000
Sales commissions: $0; Issuer's estimate

In plain English

Kaleo VC Fund III, LP, a real estate business based in Dallas, Texas, filed a Form D with the SEC on Nov 12, 2026 to raise $30 million. It reports about $12.4 million raised from 12 investors, 41% of its target. That works out to roughly $1,033,000 per investor. The smallest investment it accepts from an outside investor is $15,000.

It filed under Rule 506(b), which means the offering can't be advertised to the public. Investors in these deals usually already have a relationship with the sponsor.

How it compares

Against the 582 real estate offerings filed Oct 14 – Nov 12, 2026.

This offeringMedian

Raise size$30M vs $6.8M median

Larger than 77% of the 458 offerings that set a size.

How much is sold41% sold vs 47% median

Behind 52% of the 458 offerings with a set size.

Minimum investment$15,000 vs $50,000 median

Lower than 85% of the 416 offerings that stated a minimum.

Where the sponsor is based

The Texas housing market

Typical home value $296KChange, 12 months 1.5%Dallas metro $358K

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See Texas market data

Filing details

File number: 021-604449
Latest filing: Form D, Nov 12, 2026
Accession number: 0002162774-26-000001
Entity type: Limited Partnership
Industry group: Other Real Estate
Principal place of business: Dallas, Texas
Exemption claimed: Rule 506(b)
First sale: Nov 9, 2026

Timeline

First sale
Nov 9, 2026
Form D filed with the SEC
Nov 12, 2026
$12.4M sold (41% of the target)
As reported Nov 12, 2026

Other recent filings from Texas

All fund filings

This page summarizes a notice Kaleo VC Fund III, LP filed with the SEC. Fidelis First is not affiliated with Kaleo VC Fund III, LP, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Nov 12, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Nov 12, 2026

Source: Data Provided by Zillow Group · As of Sep 2026