Form D · Hedge Fund

Keenan Capital Fund, LP

Burlingame, CA · CIK 0001731415

Offering snapshot reported Nov 19, 2025 · SEC filing

Reported sold: $438M
Investors reported: 58
Minimum accepted: $1M
First sale: May 13, 2013

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.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 19, 2025	Amendment	$437,670,000	$0vs Nov 20, 2024	58	SEC filing
Nov 20, 2024	Amendment	$437,670,000	$2,000,000vs Apr 21, 2023	58	SEC filing
Apr 21, 2023	Amendment	$435,670,000	$11,275,000vs Apr 22, 2022	56	SEC filing
Apr 22, 2022	Amendment	$424,395,000	$309,954,036vs Feb 22, 2018	56	SEC filing
Feb 22, 2018	Initial	$114,440,964	No comparison	37	SEC 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: 021-306213

Source: Form D, filed Nov 19, 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

KEENAN CAPITAL FUND, LP

Investment adviser: KEENAN CAPITAL, LLC

Gross asset value: $688M
Beneficial owners: 58
ADV minimum commitment: $1M

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STONE COAST FUND SERVICES PORTLAND, Maine, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP MIAMI, Florida, United States

Custodian CIBC BANK USA CHICAGO, Illinois, United States Related to adviser: No

Custodian JP MORGAN CHASE BANK, N.A. SAN FRANCISCO, California, United States Related to adviser: No

Custodian MORGAN STANLEY SMITH BARNEY LLC SAN FRANCISCO, California, United States Related to adviser: No

Custodian US BANK NA MILWAUKEE, Wisconsin, 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

KPMG LLP
PCAOB 185

CIBC BANK USA
LEI FDXQ75GPEQKRPWABYN63

JP MORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

MORGAN STANLEY SMITH BARNEY LLC
SEC 8-68191

US BANK NA
LEI 6BYL5QZYBDK8S7L73M02

Filing source

Form ADV 2065599 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-9348414478

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
N/A N/A Keenan Capital Gp, Llc	Executive
N/A N/A Keenan Capital, Llc	Promoter
Charles J Keenan Iv	Executive
Alex N/A Prywes	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1229 Burlingame Avenue Suite 201
Burlingame, CA, 94010