Form D · Hedge Fund

Diversified Credit Income Fund, LP

San Francisco, CA · CIK 0001697732

Offering snapshot reported Feb 16, 2018 · SEC filing

Reported sold
$39.7M
Indefinite offering
Investors reported
51
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Feb 3, 2017
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$19.9M$39.7MFeb 16, 2017: $3,155,041.00Feb 16, 2017Feb 16, 2018: $39,744,073.00Feb 16, 2018

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$3,155,041 → $39,744,073
  • Reported investors4 → 51

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 16, 2018Amendment$39,744,073$36,589,032vs Feb 16, 201751SEC filing
Feb 16, 2017Initial$3,155,041No comparison4SEC 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
021-280858
Total amount sold as of 1/31/2018: $39,744,073

Source: Form D, filed Feb 16, 2018. 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

DIVERSIFIED CREDIT INCOME FUND, LP

Investment adviser: LENDINGCLUB ASSET MANAGEMENT, LLC

Gross asset value
$40.6M
Beneficial owners
63
ADV minimum commitment
$250K

Reported in Form ADV on Oct 5, 2018. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator US BANCORP FUND SERVICES LLC MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP SAN FRANCISCO, California, United States
Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No
Marketer BLUE SAND SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Marketer GALLATIN CAPITAL LLC NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

BLUE SAND SECURITIES LLC
CRD 142976 · SEC 8-67514

GALLATIN CAPITAL LLC
CRD 124738 · SEC 8-65718

Filing source

Form ADV 1240700 · Oct 5, 2018 · Schedule D 7.B.(1), fund 805-5195596123

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
Brian Beck Executive
Brad Coleman Executive
N/A Dcif Gp, Llc Promoter
Russ Elmer Executive
Matthew Hardin Executive
Vivek Krishnappa Executive
N/A Lc Advisors Dcif Gp, Llc Promoter
N/A Lc Advisors, Llc Promoter
N/A Lending Club Asset Management, Llc Promoter
Bill Steiner Executive
Raman Suri Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
71 Stevenson Street, Suite 1000
San Francisco, CA, 94105