Form D · Hedge Fund

AIR Legal Finance Fund, LP

Chicago, IL · CIK 0001888137

Offering snapshot reported Nov 10, 2026 · SEC filing

Reported sold: $45.9M
Investors reported: 54
Minimum accepted: $250K
First sale: Jan 1, 2022

Fundraising history

Reported sold

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$42,436,097 → $45,906,781
Reported investors49 → 54

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 10, 2026	Amendment	$45,906,781	$3,470,684vs Nov 7, 2025	54	SEC filing
Nov 7, 2025	Amendment	$42,436,097	-$8,495,081vs Nov 6, 2024	49	SEC filing
Nov 6, 2024	Amendment	$50,931,178	$18,462,399vs Oct 17, 2023	15	SEC filing
Oct 17, 2023	Amendment	$32,468,779	$22,299,738vs Oct 17, 2022	24	SEC filing
Oct 17, 2022	Amendment	$10,169,041	No comparison	1	SEC filing
Oct 15, 2021	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-417143

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Rainmaker Securities, LLC	132995	Yoram Arbel · CRD 6876488

Source: Form D, filed Nov 10, 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

AIR LEGAL FINANCE FUND, LP

Investment adviser: ALTERNATIVE INVESTMENT RESOURCE, LLC

Gross asset value: $23.9M
Beneficial owners: 35
ADV minimum commitment: $250K

Reported in Form ADV on Jul 30, 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 CBIZ CPA P.C. KANSAS CITY, Missouri, United States

Custodian BANKUNITED, NATIONAL ASSOCIATION MIAMI LAKES, Florida, United States Related to adviser: No

Marketer RAINMAKER SECURITIES, LLC CORAL GABLES, Florida, United States Related to adviser: No

Marketer SILVER LEAF PARTNERS, LLC NEW YORK, New York, United States Related to adviser: No

Marketer US TIGER SECURITIES, INC. NEW YORK CITY, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

CBIZ CPA P.C.
PCAOB 199

RAINMAKER SECURITIES, LLC
CRD 132995 · SEC 8-66667

SILVER LEAF PARTNERS, LLC
CRD 126694 · SEC 8-65902

US TIGER SECURITIES, INC.
CRD 120583 · SEC 8-65324

Filing source

Form ADV 2122607 · Jul 30, 2026 · Schedule D 7.B.(1), fund 805-6456613308

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
Name	Reported role
N/A Air Legal Finance Fund Management, Llc	Promoter
Richard Beleutz	Executive
Stephen Luongo	Executive
Matthew Schaefer	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Air Legal Finance Fund Management, Llc 333 S. Wabash Avenue, Suite 2714
Chicago, IL, 60604