Form D · Hedge Fund

Bi-Directional Disequilibrium Fund, L.P.

New York, NY · CIK 0001382018

Offering snapshot reported Feb 27, 2026 · SEC filing

Reported sold
$293M
Indefinite offering
Investors reported
120
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Nov 1, 2006
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$146M$293MMar 8, 2010: $132,202,053.00Mar 8, 2010Mar 8, 2011: $208,952,053.00Mar 8, 2012: $239,602,053.00Mar 8, 2013: $239,852,053.00Mar 10, 2014: $242,621,323.00Mar 10, 2015: $253,025,082.00Mar 10, 2016: $255,104,082.00Mar 10, 2017: $259,931,861.00Mar 9, 2018: $272,617,911.00Mar 8, 2019: $275,072,911.00Mar 6, 2020: $276,624,232.00Mar 5, 2021: $289,372,207.00Mar 4, 2022: $289,372,207.00Mar 3, 2023: $291,372,207.00Mar 1, 2024: $292,634,893.00Feb 28, 2025: $292,634,893.00Feb 27, 2026: $292,634,893.00Feb 27, 2026

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
Feb 27, 2026Amendment$292,634,893$0vs Feb 28, 2025120SEC filing
Feb 28, 2025Amendment$292,634,893$0vs Mar 1, 2024120SEC filing
Mar 1, 2024Amendment$292,634,893$1,262,686vs Mar 3, 2023120SEC filing
Mar 3, 2023Amendment$291,372,207$2,000,000vs Mar 4, 2022120SEC filing
Mar 4, 2022Amendment$289,372,207$0vs Mar 5, 2021120SEC filing
Mar 5, 2021Amendment$289,372,207$12,747,975vs Mar 6, 2020120SEC filing
Mar 6, 2020Amendment$276,624,232$1,551,321vs Mar 8, 2019120SEC filing
Mar 8, 2019Amendment$275,072,911$2,455,000vs Mar 9, 2018118SEC filing
Mar 9, 2018Amendment$272,617,911$12,686,050vs Mar 10, 2017115SEC filing
Mar 10, 2017Amendment$259,931,861$4,827,779vs Mar 10, 2016115SEC filing
Mar 10, 2016Amendment$255,104,082$2,079,000vs Mar 10, 2015114SEC filing
Mar 10, 2015Amendment$253,025,082$10,403,759vs Mar 10, 2014114SEC filing
Mar 10, 2014Amendment$242,621,323$2,769,270vs Mar 8, 2013107SEC filing
Mar 8, 2013Amendment$239,852,053$250,000vs Mar 8, 2012100SEC filing
Mar 8, 2012Amendment$239,602,053$30,650,000vs Mar 8, 2011100SEC filing
Mar 8, 2011Amendment$208,952,053$76,750,000vs Mar 8, 201096SEC filing
Mar 8, 2010Amendment$132,202,053No comparison84SEC filing
Nov 15, 2006PaperNot 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
021-96910
Each BD is entitled to receive a % of mgt fee & incentive fee attributable to investors it introduced to the fund. On 2/11/12, 4/8/15, 4/12/18 & 3/29/19 the fund ceased to use the svcs of Cap Growth Sec, Pickwick Cap, LCS Sec & Easterly Sec.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Capital Growth Securities LLC000041847
LCS Securities, LLC000140147
Pickwick Capital Partners, LLC000130672
Easterly Securities LLC000281103

Source: Form D, filed Feb 27, 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

BI-DIRECTIONAL DISEQUILIBRIUM FUND, L.P.

Investment adviser: LEVIN CAPITAL STRATEGIES, L.P.

Gross asset value
$20.9M
Beneficial owners
19
ADV minimum commitment
$1M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. MISSISSAUGA, Canada Investor statements: Yes (provided to all investors) Related to adviser: No
Fund administrator SS&C TECHNOLOGIES, INC. DUBLIN, Ohio, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EISNERAMPER LLP NEW YORK, New York, United States
Custodian MORGAN STANLEY CAPITAL SERVICES INC. NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. INTERNATIONAL PLC LONDON, United Kingdom 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 PURCHSAE, New York, United States Related to adviser: No
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
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
Yes
External marketing
No

EISNERAMPER LLP
PCAOB 274

MORGAN STANLEY CAPITAL SERVICES INC.
LEI I7331LVCZKQKX5T7XV54

MORGAN STANLEY & CO. INTERNATIONAL PLC
LEI 4PQUHN3JPFGFNF3BB6

MORGAN STANLEY & CO. LLC
SEC 8-15869

MORGAN STANLEY PRIVATE BANK, NATIONAL ASSOCIATION
LEI 549300GS0W0TEUQS8571

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH

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

Filing source

Form ADV 2066025 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-4796598362

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:
767 Fifth Avenue 18 Th Floor
New York, NY, 10153