Form D · Hedge Fund

Clayton Capital Appreciation Fund, L.P.

Berkeley, CA · CIK 0001488623

Offering snapshot reported May 11, 2026 · SEC filing

Reported sold
$57.4M
Indefinite offering
Investors reported
100
Form D · investor count
Minimum accepted
$500K
Reported outside-investor minimum
First sale
Jan 1, 2003
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$28.7M$57.4MJul 15, 2021: $52,117,810.00Jul 15, 2021Jul 6, 2022: $52,367,810.00Jul 6, 2022Jun 16, 2023: $53,367,810.00Jun 16, 2023Jun 11, 2024: $56,067,810.00Jun 11, 2024May 29, 2025: $56,567,810.00May 29, 2025May 11, 2026: $57,392,810.00May 11, 2026

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$56,567,810 → $57,392,810

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 11, 2026Amendment$57,392,810$825,000vs May 29, 2025100SEC filing
May 29, 2025Amendment$56,567,810$500,000vs Jun 11, 2024100SEC filing
Jun 11, 2024Amendment$56,067,810$2,700,000vs Jun 16, 2023100SEC filing
Jun 16, 2023Amendment$53,367,810$1,000,000vs Jul 6, 202298SEC filing
Jul 6, 2022Amendment$52,367,810$250,000vs Jul 15, 202198SEC filing
Jul 15, 2021Amendment$52,117,810No comparisonNot reportedSEC filing
Jul 20, 2020Amendment$51,267,810$1,400,000vs Aug 7, 201997SEC filing
Aug 7, 2019Amendment$49,867,810$350,000vs Aug 8, 201895SEC filing
Aug 8, 2018Amendment$49,517,810$754,140vs Aug 24, 201794SEC filing
Aug 24, 2017Amendment$48,763,670$794,820vs Mar 29, 201793SEC filing
Mar 29, 2017Amendment$47,968,850$2,026,393vs Apr 4, 201692SEC filing
Apr 4, 2016Amendment$45,942,457$2,966,536vs Apr 2, 201591SEC filing
Apr 2, 2015Amendment$42,975,921$14,854,430vs Mar 17, 201486SEC filing
Mar 17, 2014Amendment$28,121,491$11,207,325vs Mar 18, 201371SEC filing
Mar 18, 2013Amendment$16,914,166$9,157,821vs Mar 27, 201252SEC filing
Mar 27, 2012Amendment$7,756,345$1,189,729vs Apr 1, 201121SEC filing
Apr 1, 2011Amendment$6,566,616$4,397,176vs Apr 7, 201019SEC filing
Apr 7, 2010Initial$2,169,440No comparison7SEC filing

Offering details

Securities
Equity, Pooled investment fund, Other
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
021-140255
Limited Partner Interests

Source: Form D, filed May 11, 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

CLAYTON CAPITAL APPRECIATION FUND, L.P.

Investment adviser: CLAYTON PARTNERS LLC

Gross asset value
$57.2M
Beneficial owners
50
ADV minimum commitment
$500K

Reported in Form ADV on Mar 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator OPUS FUND SERVICES (BERMUDA) LTD. SANDYS, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO USA, LLP CHICAGO, Illinois, United States
Custodian GOLDMAN SACHS EXECUTION & CLEARING, L.P. NEW YORK, New York, United States Related to adviser: No
Marketer FRONTIER SECURITIES RICHMOND, Virginia, United States Related to adviser: No
Prime broker BTIG, LLC SAN FRANCISCO, California, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

BDO USA, LLP
PCAOB 243

GOLDMAN SACHS EXECUTION & CLEARING, L.P.
SEC 8-526

FRONTIER SECURITIES
CRD 136102 · SEC 8-66972

BTIG, LLC
CRD 122225 · SEC 8-65473

Filing source

Form ADV 2082697 · Mar 26, 2026 · Schedule D 7.B.(1), fund 805-4923372386

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 Castle Peak Asset Management, Llc Executive, Promoter
David E. Ciruli Executive, Promoter
Clayton Partners Llc Executive
N/A Clayton Partners Llc Executive
Alex C. Gates Executive
Gregory W. Johnson Executive
Brian G. Lancaster Executive
Jason G. Stankowski Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
3160 College Avenue, Suite 203
Berkeley, CA, 94705