Form D · Other Investment Fund

ACRES Capital Debt Opportunity Fund LP

Westbury, NY · CIK 0001715040

Offering snapshot reported Apr 2, 2020 · SEC filing

Reported sold
$52M
Offering amount: $250M
Investors reported
54
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Aug 10, 2017
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$26M$52MAug 24, 2017: $1,450,000.00Aug 24, 2017Oct 17, 2018: $37,011,612.00Oct 17, 2018Apr 2, 2020: $51,973,758.00Apr 2, 2020

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$37,011,612 → $51,973,758
  • Reported investors36 → 54
  • Minimum accepted$200,000 → $250,000

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 2, 2020Amendment$51,973,758$14,962,146vs Oct 17, 201854SEC filing
Oct 17, 2018Amendment$37,011,612$35,561,612vs Aug 24, 201736SEC filing
Aug 24, 2017Initial$1,450,000No comparison3SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$869K
Finders' fees
$0
Form D file number
021-293400

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Butler Capital Partners114242
Bay Crest Partners, LLC39944
Avalon Securities, Ltd30522
Old City Securities LLC171910

Source: Form D, filed Apr 2, 2020. 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

ACRES CAPITAL DEBT OPPORTUNITY FUND, L.P.

Investment adviser: ACRES CAPITAL, LLC

Gross asset value
$113M
Beneficial owners
56
ADV minimum commitment
$250K

Reported in Form ADV on May 4, 2021. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator PKF OCONNOR DAVIES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian CAPITAL ONE BANK NEW YORK, New York, United States Related to adviser: No
Marketer BAY CREST PARTNERS, LLC NY, New York, United States Related to adviser: No
Marketer BUTLER CAPITAL PARTNERS OLD WESTBURY, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

BAY CREST PARTNERS, LLC
CRD 39944 · SEC 8-48931

BUTLER CAPITAL PARTNERS
CRD 114242 · SEC 8-53413

Filing source

Form ADV 1538630 · May 4, 2021 · Schedule D 7.B.(1), fund 805-2363629505

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
N/A Acres Capital Manager Llc Executive
Joseph Cancellieri Executive
Andrew Fentress Executive
Mark Fogel Executive
Jeffrey Genuino Executive
Greg Hayes Executive
Jaclyn Jesberger Executive
Acres Capital Manager Llc Executive
Marty Reasoner Executive
Richard Sicoli Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
865 Merrick Avenue Suite 200 S
Westbury, NY, 11590