Form D · Hedge Fund

Forager Fund, L.P.

Birmingham, AL · CIK 0001539281

Offering snapshot reported Dec 2, 2025 · SEC filing

Reported sold
$322M
Indefinite offering
Investors reported
94
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Feb 1, 2012
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$161M$322MJul 19, 2021: $99,178,640.00Jul 19, 2021Dec 3, 2021: $142,678,640.00Feb 4, 2022: $175,558,057.00Mar 4, 2022: $190,558,057.00Apr 5, 2022: $195,558,057.00Jun 3, 2022: $217,058,057.00Aug 2, 2022: $225,058,057.00Dec 1, 2022: $260,058,057.00Dec 1, 2023: $308,368,647.00Dec 2, 2024: $320,368,647.00Dec 2, 2025: $322,368,647.00Dec 2, 2025

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$320,368,647 → $322,368,647
  • Reported investors93 → 94

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 2, 2025Amendment$322,368,647$2,000,000vs Dec 2, 202494SEC filing
Dec 2, 2024Amendment$320,368,647$12,000,000vs Dec 1, 202393SEC filing
Dec 1, 2023Amendment$308,368,647$48,310,590vs Dec 1, 202291SEC filing
Dec 1, 2022Amendment$260,058,057$35,000,000vs Aug 2, 202287SEC filing
Aug 2, 2022Amendment$225,058,057$8,000,000vs Jun 3, 202285SEC filing
Jun 3, 2022Amendment$217,058,057$21,500,000vs Apr 5, 202282SEC filing
Apr 5, 2022Amendment$195,558,057$5,000,000vs Mar 4, 202280SEC filing
Mar 4, 2022Amendment$190,558,057$15,000,000vs Feb 4, 202279SEC filing
Feb 4, 2022Amendment$175,558,057$32,879,417vs Dec 3, 202176SEC filing
Dec 3, 2021Amendment$142,678,640$43,500,000vs Jul 19, 202173SEC filing
Jul 19, 2021Amendment$99,178,640No comparisonNot reportedSEC filing
Jan 5, 2021Amendment$45,488,640$11,733,964vs Jan 6, 202059SEC filing
Jan 6, 2020Amendment$33,754,676$7,999,509vs Dec 11, 201951SEC filing
Dec 11, 2019Amendment$25,755,167$19,853,995vs Dec 18, 201842SEC filing
Dec 18, 2018Amendment$5,901,172$0vs Dec 20, 201719SEC filing
Dec 20, 2017Amendment$5,901,172$2,358,716vs Dec 30, 201619SEC filing
Dec 30, 2016Amendment$3,542,456$0vs Jan 7, 201611SEC filing
Jan 7, 2016Amendment$3,542,456$0vs Jan 13, 201511SEC filing
Jan 13, 2015Initial$3,542,456No comparison11SEC filing
Jan 15, 2014Amendment$3,542,456$355,000vs Jan 25, 201311SEC filing
Jan 25, 2013Amendment$3,187,456$1,714,735vs Feb 2, 201210SEC filing
Feb 2, 2012Initial$1,472,721No comparison5SEC 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
021-231984

Source: Form D, filed Dec 2, 2025. 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

FORAGER FUND, LP

Investment adviser: FORAGER CAPITAL MANAGEMENT, LLC

Gross asset value
$340M
Beneficial owners
66
ADV minimum commitment
$1M

Reported in Form ADV on Mar 23, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP BIRMINGHAM, Alabama, United States
Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No
Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No
Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States
Prime broker NORTHERN TRUST SECURITIES, INC. CHICAGO, Illinois, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US LLP
PCAOB 49

INTERACTIVE BROKERS LLC
SEC 8-47257

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

NORTHERN TRUST SECURITIES, INC.
CRD 7927 · SEC 8-23689

Filing source

Form ADV 2062857 · Mar 23, 2026 · Schedule D 7.B.(1), fund 805-4219334000

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
N/A Forager Capital Management, Llc Executive
Edward Urban Kissel Executive
Robert Symmes Mac Arthur Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Forager Capital Management, Llc 2025 3 Rd Ave. N, Suite 350
Birmingham, AL, 35203