SEC Filing Record

Offering Amount

$52.0M

Strategy

Other

Exemption

06b

Date Filed

Jun 02, 2026

0002138247-26-000001

View on SEC EDGAR →

37A Read

The fund lists 7 named GPs across a single vehicle with no feeder or parallel structure evident, indicating either a broad syndicate of co-equal partners or a flat GP coalition rather than a traditional single-sponsor hierarchy; the absence of a series designation means this is a standalone raise, not a continuation of a prior vintage.

No prior EDGAR filings from MLG PF III Manager LLC indicate this is either a first institutional fund from this GP team or a first fund large enough to cross the $25M EDGAR threshold, meaning allocators lack a track record to evaluate and the GP coalition is unproven at scale in a registered vehicle.

A mid-2026 filing on a Reg D 506(b) exemption targeting $52M aligns with LPs reassessing allocation windows post-rate clarity, but the reliance on pre-existing relationships and the absence of any prior manager history suggest this may be a local or sub-institutional raise rather than a competitive LP fundraise.

Verify whether Timothy Wallen, Barry Chavin, J Mooney, or Andrew Teske hold key-man or removal triggers individually or as a bloc, since a 7-GP structure with no prior institutional track record creates concentration risk if any single partner departure would trigger LP redemption rights or GP replacement provisions.

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Principals

General Partners & Executives

MLG PF III Manager LLC Timothy Wallen Barry Chavin J Mooney Andrew Teske

MLG/LF Trails at Creekside LLC