Form D · Hedge Fund

Emerald Direct Lending Institutional Series Fund, L.P.

Leola, PA · CIK 0001657371

Offering snapshot reported Jun 8, 2017 · SEC filing

Reported sold
$4.11M
Indefinite offering
Investors reported
11
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Aug 1, 2015
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$2.06M$4.12MDec 28, 2015: $4,116,946.00Dec 28, 2015Jun 9, 2016: $4,111,965.00Jun 9, 2016Jun 8, 2017: $4,111,965.00Jun 8, 2017

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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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jun 8, 2017Amendment$4,111,965$0vs Jun 9, 201611SEC filing
Jun 9, 2016Amendment$4,111,965-$4,981vs Dec 28, 201511SEC filing
Dec 28, 2015Initial$4,116,946No comparison8SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06c, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-253863

Source: Form D, filed Jun 8, 2017. 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

EMERALD DIRECT LENDING INSTITUTIONAL SERIES FUND, LP

Investment adviser: EMERALD DIRECT LENDING ADVISERS, LLC

Gross asset value
$3.24M
Beneficial owners
10
ADV minimum commitment
$1M

Reported in Form ADV on Dec 23, 2017. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator OPUS FUND SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO USA, LLP SAN FRANCISCO, California, United States
Custodian MILLENNIUM TRUST COMPANY OAK BROOK, Illinois, United States Related to adviser: No
Custodian NORTHBROOK BANK & TRUST COMPANY NORTHBROOK, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

BDO USA, LLP
PCAOB 243

Filing source

Form ADV 1159146 · Dec 23, 2017 · Schedule D 7.B.(1), fund 805-6064397771

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
Joseph E Besecker Director, Executive
Institutional Partners, Llc Emerald Direct Lending Promoter
Richard Juliano Executive
Richard Keller Director, Executive
Daniel W. Moyer Director, Executive
Scott Rehr Executive
Paul W. Ware Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
3175 Oregon Pike
Leola, PA, 17540