Form D · Other Investment Fund

DPIP Raptor Series, a series of Alternative Strategies Direct Private Investment Program, LLC

New York, NY · CIK 0002065208

Offering snapshot reported Jun 17, 2026 · SEC filing

Reported sold: $34.4M
Investors reported: 59
Minimum accepted: $0
First sale: Mar 12, 2025

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.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 17, 2026	Amendment	$34,370,000	$0vs Jun 23, 2025	59	SEC filing
Jun 23, 2025	Amendment	$34,370,000	$0vs Apr 22, 2025	59	SEC filing
Apr 22, 2025	Initial	$34,370,000	No comparison	59	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $160K (estimated)
Finders' fees: $0
Form D file number: 021-544191

Certain investors are required to pay (i) an upfront placement fee and/or (ii) an ongoing annual fee to the placement agent.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Wells Fargo Advisors Financial Network, LLC	11025

Source: Form D, filed Jun 17, 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

DPIP RAPTOR SERIES

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $43.5M
Beneficial owners: 60
ADV minimum commitment: $250K

Reported in Form ADV on Sep 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI OAKS, Pennsylvania, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor KPMG LLP NEW YORK, New York, United States

Marketer WELLS FARGO ADVISORS NEW YORK, New York, United States Related to adviser: No

Marketer WELLS FARGO BANK, N.A. SINGAPORE, Singapore Related to adviser: No

Provider details

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

KPMG LLP
PCAOB 185

WELLS FARGO ADVISORS
CRD 11025 · SEC 801-57434

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-9731133836

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
Name	Reported role
I Capital Ii Gp Llc	Promoter
Michael Stanton	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Compliance Department 60 East 42 Nd Street, 24 Th Floor
New York, NY, 10165