Form D · Hedge Fund

14B Parsec Fund LLC

La Jolla, CA · CIK 0001459598

Offering snapshot reported Feb 27, 2026 · SEC filing

Reported sold
$327M
Indefinite offering
Investors reported
148
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Aug 1, 2008
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$163M$327MMar 12, 2009Mar 12, 2010: $18,254,731.00Mar 11, 2011: $23,235,124.00Nov 8, 2013: $27,390,166.00Nov 8, 2013: $35,616,517.00Mar 11, 2014: $43,150,035.00Mar 11, 2015: $48,628,378.00Mar 9, 2016: $61,245,611.00Mar 9, 2017: $75,532,102.00Mar 9, 2018: $123,368,303.00Apr 11, 2018: $123,498,303.00Dec 5, 2019: $171,718,649.00Oct 27, 2021: $237,388,649.00Mar 3, 2022: $265,203,649.00Mar 3, 2023: $265,403,649.00Mar 1, 2024: $315,628,649.00Feb 28, 2025: $316,028,649.00Feb 27, 2026: $326,628,649.00Feb 27, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$316,028,649 → $326,628,649
  • Reported investors147 → 148

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 27, 2026Amendment$326,628,649$10,600,000vs Feb 28, 2025148SEC filing
Feb 28, 2025Amendment$316,028,649$400,000vs Mar 1, 2024147SEC filing
Mar 1, 2024Amendment$315,628,649$50,225,000vs Mar 3, 2023147SEC filing
Mar 3, 2023Amendment$265,403,649$200,000vs Mar 3, 2022146SEC filing
Mar 3, 2022Amendment$265,203,649$27,815,000vs Oct 27, 2021145SEC filing
Oct 27, 2021Amendment$237,388,649$65,670,000vs Dec 5, 2019139SEC filing
Dec 5, 2019Amendment$171,718,649$48,220,346vs Apr 11, 2018105SEC filing
Apr 11, 2018Amendment$123,498,303$130,000vs Mar 9, 201872SEC filing
Mar 9, 2018Amendment$123,368,303$47,836,201vs Mar 9, 201772SEC filing
Mar 9, 2017Amendment$75,532,102$14,286,491vs Mar 9, 201650SEC filing
Mar 9, 2016Amendment$61,245,611$12,617,233vs Mar 11, 201545SEC filing
Mar 11, 2015Amendment$48,628,378$5,478,343vs Mar 11, 201435SEC filing
Mar 11, 2014Amendment$43,150,035$7,533,518vs Nov 8, 201334SEC filing
Nov 8, 2013Amendment$27,390,166$4,155,042vs Mar 11, 201122SEC filing
Nov 8, 2013Amendment$35,616,517$8,226,351vs Nov 8, 201329SEC filing
Mar 11, 2011Amendment$23,235,124$4,980,393vs Mar 12, 201019SEC filing
Mar 12, 2010Amendment$18,254,731No comparison8SEC filing
Mar 12, 2009PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
No
Business combination
No
Sales commissions
$299K
Finders' fees
$0
Form D file number
021-128675

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Palladium Capital Advisors, LLC000129400

Source: Form D, filed Feb 27, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

14B PARSEC FUND LLC

Investment adviser: 14B CAPITAL MANAGEMENT LP

Gross asset value
$133M
Beneficial owners
14
ADV minimum commitment
$1M

Reported in Form ADV on Apr 1, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker JEFFERIES LLC NEW YORK, New York, United States
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US LLP
PCAOB 49

J.P. MORGAN SECURITIES LLC
SEC 8-35008

JEFFERIES LLC
CRD 2347 · SEC 8-15074

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 2090864 · Apr 1, 2026 · Schedule D 7.B.(1), fund 805-4212022664

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
14 B Capital Gp Llc Executive
14 B Capital Management Lp Promoter
Sarah E. Colvin Promoter
Kg Funds Managing Member Llc Executive
N/A Kg Funds Managing Member Llc Executive
Isaac Kier Executive
Ilya Zaides Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
7116 Vista Del Mar Ave.
La Jolla, CA, 92037