| Fund ID | 805-4648539992 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | No |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 100% |
| Owned by the adviser or related persons | 1% |
| Owned by funds of funds | 0% |
| Owned by non-U.S. persons | 0% |
| Fund | Type | Gross assets |
|---|---|---|
| Lapis Municipal Opportunities Fund IV LP | Private Equity | $342.9M |
| Lapis Municipal Opportunities Fund V LP | Private Equity | $161.1M |
| Lapis Municipal Opportunities Fund III LP | Private Equity | $84.9M |
Lapis Crestone Municipal Opportunities Fund III LP reports $31.8 million in gross assets, among the top 62% of private funds by size.
The stated minimum investment is $20 million.
Lapis Crestone Municipal Opportunities Fund III LP is managed by Lapis Advisers, LP.
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.