Form D · Hedge Fund

Island Drive Partners, L.P.

New York, NY · CIK 0001189739

Offering snapshot reported Mar 10, 2016 · SEC filing

Reported sold
$82.5M
Indefinite offering
Investors reported
48
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jan 1, 1994
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$41.3M$82.5MMar 8, 2010: $78,347,486.00Mar 8, 2010Mar 8, 2011: $79,347,486.00Mar 8, 2012: $80,347,486.00Mar 8, 2013: $81,757,486.00Mar 10, 2014: $82,512,286.00Mar 10, 2015: $82,512,286.00Mar 10, 2016: $82,512,286.00Mar 10, 2016

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
Mar 10, 2016Amendment$82,512,286$0vs Mar 10, 201548SEC filing
Mar 10, 2015Amendment$82,512,286$0vs Mar 10, 201448SEC filing
Mar 10, 2014Amendment$82,512,286$754,800vs Mar 8, 201348SEC filing
Mar 8, 2013Amendment$81,757,486$1,410,000vs Mar 8, 201247SEC filing
Mar 8, 2012Amendment$80,347,486$1,000,000vs Mar 8, 201147SEC filing
Mar 8, 2011Amendment$79,347,486$1,000,000vs Mar 8, 201046SEC filing
Mar 8, 2010Amendment$78,347,486No comparison45SEC filing
Aug 1, 2007PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-48210
Each B/D is entitled to receive a percent of the mgmt fee & incentive allocation attributable to the investors it introduced to the fund. On 2/11/12 & 4/8/15, the Issuer ceased to use the svcs of Cap Growth Sec LLC & Pickwick Cap Ptnrs, LLC, respectively.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Capital Growth Securities LLC41847
LCS Securities, LLC140147
Pickwick Capital Partners, LLC130672

Source: Form D, filed Mar 10, 2016. 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

ISLAND DRIVE PARTNERS, L.P.

Investment adviser: LEVIN CAPITAL STRATEGIES, L.P.

Gross asset value
$4.19M
Beneficial owners
13
ADV minimum commitment
$1M

Reported in Form ADV on Mar 30, 2016. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor EISNERAMPER LLP NEW YORK, New York, United States
Custodian CREDIT SUISSE SECURITIES (USA) LLC NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY PRIVATE BANK, NATIONAL ASSOCIATION PURCHASE, New York, United States Related to adviser: No
Custodian U.S. DEPARTMENT OF THE TREASURY - BUREAU OF THE PUBLIC DEBT (U.S. TREASURY DIRECT) WASHINGTON, District of Columbia, United States Related to adviser: No
Marketer LCS SECURITIES, LLC NEW YORK, New York, United States Related to adviser: Yes
Prime broker MORGAN STANLEY & 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

CREDIT SUISSE SECURITIES (USA) LLC
SEC 8-422

MORGAN STANLEY & CO. LLC
SEC 8-15869

LCS SECURITIES, LLC
CRD 140147 · SEC 8-67288

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 985463 · Mar 30, 2016 · Schedule D 7.B.(1), fund 805-5472819719

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
Lcs, Llc Lcs, Llc Executive
Lcs, Llc Executive
John A. Levin Executive
Levin Capital Strategies, L.P. Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
595 Madison Avenue 17 Th Floor
New York, NY, 10022