Form D · Other Investment Fund
Arena Legal Assets - Excess Capacity I-B, LP
Purchase, NY · CIK 0002096049
Offering snapshot reported Nov 19, 2025 · SEC filing
- Reported sold
- $15.3M Indefinite offering
- Investors reported
- 26 Form D · investor count
- Minimum accepted
- $1M Reported outside-investor minimum
- First sale
- Nov 6, 2025 As reported in this filing
What changed?
Latest filing versus its linked predecessor, where available.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Nov 19, 2025 | Initial | $15,275,000 | No comparison | 26 | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- No
- Business combination
- No
- Sales commissions
- $250K (estimated)
- Finders' fees
- $0
- Form D file number
- 021-564480
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Arena Financial Services, LLC | 281709 |
Source: Form D, filed Nov 19, 2025. 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
ARENA LEGAL ASSETS - EXCESS CAPACITY I-B, LP
Investment adviser: ARENA INVESTORS, LP
- Gross asset value
- $11.5M
- Beneficial owners
- 26
- ADV minimum commitment
- $1M
Reported in Form ADV on Sep 15, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
CITRIN COOPERMAN & COMPANY, LLP
PCAOB 2468
ARENA FINANCIAL SERVICES, LLC
CRD 281709 · SEC 8-69682
Filing source
Form ADV 2132228 · Sep 15, 2026 · Schedule D 7.B.(1), fund 805-2620976866
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.
| Name | Reported role |
|---|---|
| N/A Arena Investors, Lp | Executive |
| N/A Arena Legal Assets Excess Capacity I B Gp, Llc | Promoter |
| Lawrence Cutler | Executive |
| Matthew Skurbe | Executive |
| Daniel Zwirn | Executive |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Purchase, NY, 10577