Form D · Hedge Fund

Drill Driven Alpha Fund, LP

Carlsbad, CA · CIK 0001787979

Offering snapshot reported Mar 27, 2020 · SEC filing

Reported sold
$11.4M
Indefinite offering
Investors reported
8
Form D · investor count
Minimum accepted
$200K
Reported outside-investor minimum
First sale
Oct 10, 2019
As reported in this filing

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
Mar 27, 2020Initial$11,410,000No comparison8SEC 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
021-363780

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Sprott Global Resource Investments, Ltd358781910 Palomar Point Way

Source: Form D, filed Mar 27, 2020. 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

DRILL DRIVEN ALPHA FUND LP

Investment adviser: SPROTT ASSET MANAGEMENT USA INC.

Gross asset value
$53.4M
Beneficial owners
113
ADV minimum commitment
$200K

Reported in Form ADV on Jul 31, 2023. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO (CANADA) INC. TORONTO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP TORONTO, Canada
Custodian RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No
Marketer SPROTT GLOBAL RESOURCE INVESTMENTS LTD CARLSBAD, California, United States Related to adviser: Yes
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

KPMG LLP
PCAOB 85

RBC CAPITAL MARKETS, LLC
SEC 8-45411

SPROTT GLOBAL RESOURCE INVESTMENTS LTD
CRD 35878 · SEC 8-47039

Filing source

Form ADV 1777562 · Jul 31, 2023 · Schedule D 7.B.(1), fund 805-3708900766

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
Neil Adshead Executive
N/A Sprott Us Gen Par Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Sprott Us Genpar Llc 1910 Palomar Point Way, Suite 200
Carlsbad, CA, 92008