<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001948249</cik>
        <entityName>HPH III Investments, LP</entityName>
        <issuerAddress>
            <street1>21500 BISCAYNE BLVD., SUITE 600</street1>
            <city>AVENTURA</city>
            <stateOrCountry>FL</stateOrCountry>
            <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
            <zipCode>33108</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(754) 260-6503</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2022</value>
        </yearOfInc>
    </primaryIssuer>

    <issuerList>
        <issuer>
            <cik>0001948194</cik>
            <entityName>HPH III Investments Parallel Fund, LP</entityName>
            <issuerAddress>
                <street1>21500 BISCAYNE BLVD., SUITE 600</street1>
                <city>AVENTURA</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33180</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>(754) 260-6503</issuerPhoneNumber>
            <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Partnership</entityType>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2022</value>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001948232</cik>
            <entityName>HPH III Offshore Parallel Fund, LP</entityName>
            <issuerAddress>
                <street1>21500 BISCAYNE BLVD., SUITE 600</street1>
                <city>AVENTURA</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33180</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>(754) 260-6503</issuerPhoneNumber>
            <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
            <issuerPreviousNameList>
                <previousName>HPH III Parallel Feeder LP</previousName>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <previousName>HPH III Parallel Feeder, LP</previousName>
            </edgarPreviousNameList>
            <entityType>Other</entityType>
            <entityTypeOtherDesc>Exempted Limited Partnership</entityTypeOtherDesc>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2022</value>
            </yearOfInc>
        </issuer>
    </issuerList>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alejandro</firstName>
                <lastName>Weinstein</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>21500 Biscayne Blvd</street1>
                <street2>Suite 600</street2>
                <city>Aventura</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33180</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of WM Partners GP II, LLC (&quot;Ultimate GP&quot;) of the General Partner, HPH Specialized III GP, LP (&quot;GP&quot;), the general partner of the Issuers.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jose</firstName>
                <lastName>Minski</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>21500 Biscayne Blvd</street1>
                <street2>Suite 600</street2>
                <city>Aventura</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33180</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of the Ultimate GP, the general partner of the GP, the general partner of the Issuers.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ernesto</firstName>
                <lastName>Carrizosa</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>21500 Biscayne Blvd</street1>
                <street2>Suite 600</street2>
                <city>Aventura</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33180</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Managing Director of the Ultimate GP, the general partner of the GP, the general partner of the Issuers.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Guido</firstName>
                <lastName>Panzera</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>21500 Biscayne Blvd</street1>
                <street2>Suite 600</street2>
                <city>Aventura</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33180</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Compliance Officer and General Counsel of the Ultimate GP, the general partner of the GP, the general partner of the Issuers.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001567619-22-022081</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2022-12-29</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>600000000</totalOfferingAmount>
            <totalAmountSold>141650000</totalAmountSold>
            <totalRemaining>458350000</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>41</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>12000000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Estimated mgmt fees payable during 1st year of the investment period of Issuers based on aggregate commitments of $600,000,000.  Add'l fees are payable for the remainder of the term of the Issuers as described in Issuers' confidential offering materials.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>true</authorizedRepresentative>
            <signature>
                <issuerName>HPH III Investments, LP</issuerName>
                <signatureName>/s/ Jose Minski</signatureName>
                <nameOfSigner>Jose Minski</nameOfSigner>
                <signatureTitle>Manager of Ultimate GP of the GP of the Issuers</signatureTitle>
                <signatureDate>2023-12-28</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
