Form D · Private Equity Fund

Angeles Direct Equity Fund 1 LP

Santa Monica, CA · CIK 0001914981

Offering snapshot reported May 2, 2023 · SEC filing

Reported sold: $97.2M
Investors reported: 82
Minimum accepted: $1M
First sale: Feb 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$78,025,000 → $97,200,000
Reported investors62 → 82

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 2, 2023	Amendment	$97,200,000	$19,175,000vs Apr 28, 2022	82	SEC filing
Apr 28, 2022	Initial	$78,025,000	No comparison	62	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-443707

Source: Form D, filed May 2, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

ANGELES DIRECT EQUITY FUND 1 LP

Investment adviser: ANGELES INVESTMENT ADVISORS, LLC.

Gross asset value: $107M
Beneficial owners: 81
ADV minimum commitment: $1M

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. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor ERNST & YOUNG LOS ANGELES, California, United States Other funds reporting this name →

Custodian FIRST-CITIZENS BANK & TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

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

ERNST & YOUNG
PCAOB 42

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

Fund asset history · 4 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2022	$78,132,929	62	Mar 31, 2023
2023	$94,656,745	62	Mar 29, 2024
2024	$110,572,868	81	Mar 28, 2025
2025	$106,709,559	81	Mar 13, 2026

Filing source

Form ADV 2115563 · Jul 30, 2026 · Schedule D 7.B.(1), fund 805-7568734823

Reported by ANGELES INVESTMENT ADVISORS, LLC. (CRD 110213).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; 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 Angeles Investment Advisors, Llc	Executive
N/A Angeles Real Assets Gp 1 Llc	Executive, Promoter
Howard D. Perlow	Executive
Michael A. Rosen	Executive
Stephen Smetana	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

429 Santa Monica Blvd., Suite 650
Santa Monica, CA, 90401
Phone: 310-393-6300