Form D · Hedge Fund

GOVPLUS FUND AI LP

Dallas, TX · CIK 0001433851

Offering snapshot reported Feb 17, 2021 · SEC filing

Reported sold: $66.3M
Investors reported: 85
Minimum accepted: $250K
First sale: Jan 1, 2007

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.

Reported sold$52,327,002 → $66,304,047
Reported investors67 → 85
Minimum accepted$1,000,000 → $250,000

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 17, 2021	Amendment	$66,304,047	$13,977,045vs Feb 20, 2020	85	SEC filing
Feb 20, 2020	Amendment	$52,327,002	$19,315,252vs Feb 19, 2019	67	SEC filing
Feb 19, 2019	Amendment	$33,011,750	-$16,464,547vs Feb 23, 2018	54	SEC filing
Feb 23, 2018	Amendment	$49,476,297	$13,695,204vs Oct 4, 2016	99	SEC filing
Oct 4, 2016	Amendment	$35,781,093	$22,676,024vs Nov 17, 2010	91	SEC filing
Mar 12, 2015	Amendment	$39,424,712	$26,319,643vs Nov 17, 2010	91	SEC filing
Mar 11, 2014	Amendment	$27,262,953	$14,157,884vs Nov 17, 2010	70	SEC filing
Mar 12, 2013	Amendment	$23,479,317	$10,374,248vs Nov 17, 2010	63	SEC filing
Feb 29, 2012	Amendment	$19,306,638	$6,201,569vs Nov 17, 2010	64	SEC filing
Nov 17, 2010	Amendment	$13,105,069	No comparison	46	SEC filing
Apr 25, 2008	Paper	Not reported	No comparison	Not reported	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $21.8K
Form D file number: 021-117658

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
BFT Financial Group, LLC	109121	Daryl Curtis
Bren Ventures LLC	139768	Jonathan Bren

Source: Form D, filed Feb 17, 2021. 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

GOVPLUS FUND AI, L.P.

Investment adviser: NORCAP INVESTMENT MANAGEMENT, L.P.

Gross asset value: $64M
Beneficial owners: 54
ADV minimum commitment: $250K

Reported in Form ADV on Mar 31, 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 WEAVER AND TIDWELL, L.L.P. DALLAS, Texas, United States

Custodian APEX CLEARING CORPORATION DALLAS, Texas, United States Related to adviser: No

Custodian CHARLES SCHWAB & CO., INC. SAN FRANCISCO, California, United States Related to adviser: No

Custodian TEXAS REGIONAL BANK AUSTIN, Texas, United States Related to adviser: No

Marketer BLUE SAND SECURITIES LLC BETHESDA, Maryland, United States Related to adviser: No

Marketer LEO BROKERAGE, LLC BEDFORD, Texas, United States Related to adviser: No

Prime broker APEX CLEARING CORPORATION DALLAS, Texas, United States

Prime broker CHARLES SCHWAB & CO., INC. WESTLAKE, Texas, United States

Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker STONEX FINANCIAL INC. WINTER PARK, Florida, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

WEAVER AND TIDWELL, L.L.P.
PCAOB 410

APEX CLEARING CORPORATION
SEC 8-23522

CHARLES SCHWAB & CO., INC.
SEC 8-16514

BLUE SAND SECURITIES LLC
CRD 142976 · SEC 8-67514

LEO BROKERAGE, LLC
CRD 109121 · SEC 8-53487

APEX CLEARING CORPORATION
CRD 13071 · SEC 8-23522

CHARLES SCHWAB & CO., INC.
CRD 5393 · SEC 8-16514

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

JEFFERIES LLC
CRD 2347 · SEC 8-15074

STONEX FINANCIAL INC.
CRD 45993 · SEC 8-51269

Filing source

Form ADV 2060217 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-1206860044

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
Carl Y. Baggett	Executive
Ronald D. Dodson	Executive
N/A Nor Cap Management, L.P.	Executive
David R. Norcom	Executive
James Bolton Walters	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Campbell Centre I 8350 N Central Expy, Suite 725
Dallas, TX, 75206