Form D · Other Investment Fund

Kestrel Investment Fund, L.P.

San Mateo, CA · CIK 0001372702

Offering snapshot reported Feb 4, 2026 · SEC filing

Reported sold
$49.1M
Indefinite offering
Investors reported
Not reported
Form D · investor count
Minimum accepted
Not reported
Reported outside-investor minimum
First sale
Not reported
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 4, 2026Amendment$49,139,206No comparisonNot reportedSEC filing
Feb 25, 2025Amendment$49,139,206$226vs Feb 27, 202332SEC filing
Feb 27, 2023Initial$49,138,980No comparison32SEC filing
Feb 14, 2022Amendment$49,138,980$7,000vs Feb 10, 202132SEC filing
Feb 10, 2021Initial$49,131,980No comparison32SEC filing
Feb 7, 2020Amendment$49,131,980$507,000vs Mar 20, 201932SEC filing
Mar 20, 2019Amendment$48,624,980$0vs Mar 19, 201931SEC filing
Mar 19, 2019Initial$48,624,980No comparison31SEC filing
Feb 5, 2018Initial$47,624,980No comparison31SEC filing
Feb 8, 2017Initial$46,034,980No comparison31SEC filing
Feb 8, 2016Initial$42,434,980No comparison31SEC filing
Feb 24, 2015Initial$41,934,980No comparison30SEC filing
Feb 7, 2014Amendment$41,734,980$0vs Feb 7, 201328SEC filing
Feb 7, 2013Amendment$41,734,980$3,575,000vs Feb 27, 201228SEC filing
Feb 27, 2012Amendment$38,159,980$0vs Feb 16, 201226SEC filing
Feb 16, 2012Initial$38,159,980No comparison26SEC filing
Feb 18, 2011Amendment$30,584,980$5,300,500vs Feb 25, 201019SEC filing
Feb 25, 2010Amendment$25,284,480$3,150,750vs Mar 17, 200919SEC filing
Mar 17, 2009Amendment$22,133,730No comparisonNot reportedSEC filing
Aug 14, 2006PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Not reported
Exemptions
Not reported
Duration over one year
Not reported
Business combination
Not reported
Sales commissions
Not reported
Finders' fees
Not reported
Form D file number
021-474283

Source: Form D, filed Feb 4, 2026. 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

KESTREL INVESTMENT FUND, LP

Investment adviser: KESTREL INVESTMENT MANAGEMENT CORP

Gross asset value
$16.6M
Beneficial owners
6
ADV minimum commitment
$1M

Reported in Form ADV on Mar 24, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING, INC. OAK BROOK, Illinois, United States Investor statements: No (provided to no investors) Related to adviser: No
Auditor ERNST & WINTTER & ASSOC., LLP WALNUT CREEK, California, United States
Custodian PRINCIPAL BANK MINNEAPOLIS, Minnesota, 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

ERNST & WINTTER & ASSOC., LLP
PCAOB 3438

Filing source

Form ADV 2077351 · Mar 24, 2026 · Schedule D 7.B.(1), fund 805-6621346732

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
Alexander Gorelik Executive
Abbot Keller Executive
Abbott Keller Executive, Promoter
Not Applicable Kestrel Investment Management Corporation Executive, Promoter
Eric M. Smyth Executive
David J. Steirman Executive, Promoter
Thomas E. Stickley Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
411 Borel Avenue Suite 403
San Mateo, CA, 94402