0001752724-20-117971.txt : 20200615 0001752724-20-117971.hdr.sgml : 20200615 20200615140004 ACCESSION NUMBER: 0001752724-20-117971 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200615 DATE AS OF CHANGE: 20200615 EFFECTIVENESS DATE: 20200615 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CPG Vintage Access Fund III, LLC CENTRAL INDEX KEY: 0001780338 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23452 FILM NUMBER: 20962801 BUSINESS ADDRESS: STREET 1: C/O CENTRAL PARK ADVISERS, LLC STREET 2: 805 THIRD AVENUE, 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-317-9200 MAIL ADDRESS: STREET 1: C/O CENTRAL PARK ADVISERS, LLC STREET 2: 805 THIRD AVENUE, 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001780338 XXXXXXXX 811-23452 N-2 CPG Vintage Access Fund III, LLC 811-23452 0001780338 549300XNV4JSNL6PED32 805 Third Avenue New York 10022 US-NY US 2123179200 Central Park Advisers, LLC 805 Third Avenue New York 10022 2123179200 Investment Advisor ALPS Fund Services, Inc. 1290 Broadway, Suite 1000 Denver 80203 3036232577 Fund Administrator Y N N-2 N Janet L. Schinderman N/A N Mitchell A. Tanzman 001987895 Y Kristen M. Leopold N/A N Sharon J. Weinberg 004325111 N Joan Shapiro Green N/A N Seth L. Pearlstein N/A 805 Third Avenue New York 10022 XXXXXX N N N N N N N Foreside Fund Services, LLC. 8-51293 000046106 N/A N Y Ernst & Young LLP 00042 254900H1VLSDPE6LJK37 N N N N N N N CPG Vintage Access Fund III, LLC 549300ZODVLDVU3MQZ80 Y Fund of Funds Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) N N N N Central Park Advisers, LLC 801-67480 000141805 N/A 2018-11-09 DST Asset Manager Solutions, Inc. 084-00896 N/A N N Y N UMB BANK, NATIONAL ASSOCIATION VNOO6EITDJ2YUEBMSZ83 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Y DST Asset Manager Solutions, Inc. 084-00896 N/A N N Y ALPS Fund Services, Inc. 084-05730 SEC File Number N N Y 0.00000000 0.00000000 N 7908683 Common stock CPG Vintage Access Fund III, LLC Other N/A Units of Limited Liability Company Interest N N N N N N 0.32 5.37 8.83 8.83 true INTERNAL CONTROL RPT 2 fp0054682_g1aiii.htm INTERNAL CONTROL REPORT

Report of Independent Registered Public Accounting Firm

To the Unit holders and

Board of Directors of CPG Vintage Access Fund III, LLC

In planning and performing our audit of the financial statements of CPG Vintage Access Fund III, LLC (the Fund) as of and for the period ended March 31, 2020, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of March 31, 2020.

This report is intended solely for the information and use of management and the Board of Directors of CPG Vintage Access Fund III, LLC and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ ERNST & YOUNG LLP

Boston, Massachusetts

May 29, 2020