Form D · Other Investment Fund

Lapis Municipal Opportunities Fund V LP

Denver, CO · CIK 0001965898

Offering snapshot reported May 11, 2023 · SEC filing

Reported sold: $360M
Investors reported: 298
Minimum accepted: $2M
First sale: May 1, 2023

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
May 11, 2023	Initial	$360,000,000	No comparison	298	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $393K
Finders' fees: $0
Form D file number: 021-481518

The General Partner will pay to the broker between 5% and 10% of the incentive fees due the General Partner and attributable to investors introduced by the broker, payable if and when such incentive fees are payable to the General Partner.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Richard Landsberger	871581	TGP Securities Inc. · CRD 159008

Source: Form D, filed May 11, 2023. 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

LAPIS MUNICIPAL OPPORTUNITIES FUND V LP

Investment adviser: LAPIS ADVISERS, LP

Gross asset value: $228M
Beneficial owners: 298
ADV minimum commitment: $50K

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator HC GLOBAL FUND SERVICES SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP SAN FRANCISCO, California, United States

Custodian CF SECURED, LLC NEW YORK, New York, United States Related to adviser: No

Custodian HC GLOBAL FUND SERVICES SAN FRANCISCO, California, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC SAN FRANCISCO, California, United States Related to adviser: No

Marketer TGP SECURITIES, INC. SUMMIT, New Jersey, United States Related to adviser: No

Prime broker CANTOR FITZGERALD & CO. NEW YORK, New York, United States

Provider details

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

ERNST & YOUNG LLP
PCAOB 42

CF SECURED, LLC
SEC 8-69863

J.P. MORGAN SECURITIES LLC
SEC 8-35008

TGP SECURITIES, INC.
CRD 159008 · SEC 8-68955

CANTOR FITZGERALD & CO.
CRD 134 · SEC 8-201

Filing source

Form ADV 2082305 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-5202519626

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Lapis Municipal Opportunities Fund LP	Apr 12, 2013	$71,000,000	75
Lapis Municipal Opportunities Fund II LP	Aug 20, 2015	$144,500,000	142
Lapis Municipal Opportunities Fund III LP	Jul 13, 2018	$298,200,000	209
Lapis Municipal Opportunities Fund IV LP	Nov 30, 2020	$440,000,000	380
Lapis Municipal Opportunities Fund V LP (this fund)	May 11, 2023	$360,000,000	298

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
Kjerstin Hatch	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

811 East 17 Th Avenue
Denver, CO, 80218