# MHS Capital Management III, LLC

> MHS Capital Management III, LLC is an exempt reporting adviser in San Francisco, CA, filing reports since 2020. Exempt reporting advisers do not report regulatory assets under management on Form ADV.

- CRD: 308886
- Filed as: MHS CAPITAL MANAGEMENT III, LLC
- Reporting status: Exempt reporting adviser (status as filed: ERA - Active)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/308886
- AdvisorCensus page: https://advisorcensus.com/firm/mhs-capital-management-iii-llc-san-francisco-ca-308886

## Quick answers

**Where is MHS Capital Management III, LLC located?**
MHS Capital Management III, LLC's principal office is in San Francisco, CA, according to its Form ADV.

**How does MHS Capital Management III, LLC report to regulators?**
MHS Capital Management III, LLC is an exempt reporting adviser, filing reports since 2020. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 308886.

**Does MHS Capital Management III, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/308886

**What changed in MHS Capital Management III, LLC's recent Form ADV filings?**
In the April 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Firm details
- Reporting since: 2020 (6 years)
- Employees: Not reported total, Not reported performing advisory functions
- Wrap fee program participation: Not reported
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [mhscapital.com](https://mhscapital.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 30, 2021 |
| October 2022 | Not reported | Not reported | March 31, 2022 |
| October 2023 | Not reported | Not reported | March 30, 2023 |
| October 2024 | Not reported | Not reported | March 29, 2024 |
| October 2025 | Not reported | Not reported | March 24, 2025 |
| October 2026 | Not reported | Not reported | March 31, 2026 |


## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MHS Capital Management III, LLC (CRD 308886): Form ADV filing data as of October 2026.