Form D · Hedge Fund

Downstream Perennial Master Fund LP

Grand Cayman, E9 · CIK 0001769335

Offering snapshot reported Jul 14, 2022 · SEC filing

Reported sold
$50.7M
Indefinite offering
Investors reported
1
Form D · investor count
Minimum accepted
$25M
Reported outside-investor minimum
First sale
Mar 25, 2019
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$25.4M$50.7MApr 8, 2019: $50,100,000.00Apr 8, 2019Jul 19, 2019: $50,545,000.00Jul 1, 2020: $50,645,000.00Jul 1, 2020Jul 1, 2020: $50,645,000.00Jul 21, 2021: $50,747,695.00Jul 21, 2021Jul 14, 2022: $50,747,695.00Jul 14, 2022

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

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jul 14, 2022Amendment$50,747,695$0vs Jul 21, 20211SEC filing
Jul 21, 2021Amendment$50,747,695$102,695vs Jul 1, 20201SEC filing
Jul 1, 2020Amendment$50,645,000$100,000vs Jul 19, 20191SEC filing
Jul 1, 2020Amendment$50,645,000$100,000vs Jul 19, 20191SEC filing
Jul 19, 2019Amendment$50,545,000$445,000vs Apr 8, 20191SEC filing
Apr 8, 2019Initial$50,100,000No comparison1SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-336658

Source: Form D, filed Jul 14, 2022. 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

DOWNSTREAM PERENNIAL MASTER FUND LP

Investment adviser: DOWNSTREAM PERENNIAL MANAGEMENT LLC

Gross asset value
$42.6M
Beneficial owners
5
ADV minimum commitment
$1M

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

Service providers

Fund administrator NAV FUND ADMINISTRATION GROUP OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WITHUMSMITH+BROWN, PC PRINCETON, New Jersey, United States
Custodian MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States Related to adviser: No
Prime broker MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WITHUMSMITH+BROWN, PC
PCAOB 100

MORGAN STANLEY & CO. LLC
SEC 8-15869

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 2072857 · Mar 18, 2026 · Schedule D 7.B.(1), fund 805-2591282924

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
John D'agostino Director
N/A Downstream Perennial Master Gp, Ltd Promoter
Ivana Faltysova Director
Daryl Smith Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Maples And Calder Box 309, Ugland House
Grand Cayman, E9, KY1-1101