Form D · Hedge Fund

Driehaus Turnaround Opportunities Fund, L.P.

Chicago, IL · CIK 0001673096

Offering snapshot reported May 4, 2018 · SEC filing

Reported sold
$44.2M
Indefinite offering
Investors reported
30
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Apr 22, 2016
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$31.8M$63.6MMay 3, 2016: $19,615,000.00May 3, 2016May 4, 2017: $63,646,000.00May 4, 2017May 4, 2018: $44,218,500.00May 4, 2018

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$63,646,000 → $44,218,500
  • Reported investors45 → 30

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 4, 2018Amendment$44,218,500-$19,427,500vs May 4, 201730SEC filing
May 4, 2017Amendment$63,646,000$44,031,000vs May 3, 201645SEC filing
May 3, 2016Initial$19,615,000No comparison16SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-262493

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Driehaus Securities LLC8197

Source: Form D, filed May 4, 2018. 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

DRIEHAUS TURNAROUND OPPORTUNITIES FUND, L.P.

Investment adviser: DRIEHAUS CAPITAL MANAGEMENT LLC

Gross asset value
$28.7M
Beneficial owners
27
ADV minimum commitment
$250K

Reported in Form ADV on Feb 4, 2019. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor ERNST AND YOUNG LLP CHICAGO, Illinois, United States
Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Marketer DRIEHAUS SECURITIES LLC CHICAGO, Illinois, United States Related to adviser: Yes
Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

ERNST AND YOUNG LLP
PCAOB 42

DRIEHAUS SECURITIES LLC
CRD 8197 · SEC 8-24024

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Filing source

Form ADV 1272594 · Feb 4, 2019 · Schedule D 7.B.(1), fund 805-4258216346

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
Michelle L. Cahoon Executive
Elizabeth Cassidy Executive
Richard H. Driehaus Executive
N/A Driehaus Capital Management Llc Executive
N/A Driehaus Capital Management (Usvi) Llc Promoter
Robert Gordon Executive
Stephen Kneeley Executive
Thomas Mc Cauley Executive
Janet Mc Williams Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Driehaus Capital Management Llc 25 East Erie Steet
Chicago, IL, 60611