Form D · Hedge Fund

Bluestem Partners, LP

Charlottesville, VA · CIK 0001254492

Offering snapshot reported Apr 6, 2023 · SEC filing

Reported sold
$1.32B
Indefinite offering
Investors reported
240
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jul 1, 2003
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$662M$1.32BApr 9, 2021: $1,324,720,998.00Apr 9, 2021Apr 8, 2022: $1,324,670,998.00Apr 8, 2022Apr 6, 2023: $1,324,670,998.00Apr 6, 2023

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.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 6, 2023Amendment$1,324,670,998$0vs Apr 8, 2022240SEC filing
Apr 8, 2022Amendment$1,324,670,998-$50,000vs Apr 9, 2021240SEC filing
Apr 9, 2021Amendment$1,324,720,998No comparisonNot reportedSEC filing
Apr 10, 2020Amendment$1,318,170,998$21,000,000vs Apr 12, 2019223SEC filing
Apr 12, 2019Amendment$1,297,170,998$24,638,000vs Apr 13, 2018224SEC filing
Apr 13, 2018Amendment$1,272,532,998$22,900,000vs Apr 13, 2017222SEC filing
Apr 13, 2017Amendment$1,249,632,998$2,174,906vs Apr 13, 2016216SEC filing
Apr 13, 2016Amendment$1,247,458,092$93,675,094vs Apr 13, 2015214SEC filing
Apr 13, 2015Amendment$1,153,782,998$55,500,000vs Apr 17, 2014198SEC filing
Apr 17, 2014Amendment$1,098,282,998$48,500,000vs Apr 18, 2013191SEC filing
Apr 18, 2013Amendment$1,049,782,998$0vs Apr 19, 2012185SEC filing
Apr 19, 2012Amendment$1,049,782,998$0vs Apr 4, 2012185SEC filing
Apr 4, 2012Amendment$1,049,782,998$70,833,333vs Apr 8, 2011185SEC filing
Apr 8, 2011Amendment$978,949,665$0vs Feb 22, 2011180SEC filing
Feb 22, 2011Amendment$978,949,665$119,233,334vs Feb 26, 2010180SEC filing
Feb 26, 2010Amendment$859,716,331$35,833,333vs Mar 13, 2009167SEC filing
Mar 13, 2009Amendment$823,882,998No comparisonNot reportedSEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-56937

Source: Form D, filed Apr 6, 2023. 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

BLUESTEM PARTNERS, L.P.

Investment adviser: BLUESTEM ASSET MANAGEMENT, LLC

Gross asset value
$1.29B
Beneficial owners
117
ADV minimum commitment
$3M

Reported in Form ADV on May 18, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STONE COAST FUND SERVICES, LLC PORTLAND, Maine, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP GRAND CAYMAN, Cayman Islands
Custodian BMO HARRIS BANK N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian MORGAN STANLEY SMITH BARNEY LLC PURCHASE, 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
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 1266

MORGAN STANLEY SMITH BARNEY LLC
SEC 8-68191

Filing source

Form ADV 2106349 · May 18, 2026 · Schedule D 7.B.(1), fund 805-2792674185

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
Michael D. Bills Executive
Bluestem Asset Management, Llc Executive
Timothy S. Davis Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Bluestem Asset Management, Llc 320 E. Main Street, Suite B
Charlottesville, VA, 22902