NI-0225 Fund III, a series of Grant Park Ventures, LP

The absence of any prior EDGAR filings from Grant Park Ventures despite launching Fund III indicates either a newly registered entity, a manager that previously operated below Form D thresholds, or one that has been raising exclusively from pre-existing relationships without SEC disclosure—the 506(b) exemption choice confirms reliance on relationship-based fundraising rather than public marketing, which constrains their LP base but removes marketing costs.

A Fund III filing in mid-2026 aligns with typical 3- to 4-year fund lifecycles, meaning Funds I and II are likely in active deployment or early harvesting phase; this timing positions Grant Park to capitalize on a reset in venture allocation cycles as LPs rebalance after 2024–2025 market volatility and reassess emerging manager exposure.

Before engaging, verify whether Grant Park Ventures has any historical SEC filings under prior names or affiliated entities, confirm the identity and experience of the two named GPs (not disclosed in this filing), and clarify whether GP commitment levels and clawback terms are standard—these details will not appear in the Form D and are critical to assessing alignment and continuity from prior vintages.