Form D · Hedge Fund

M.D. Sass Government Agency Portable Alpha, L.P.

New York, NY · CIK 0001789624

Offering snapshot reported Sep 30, 2026 · SEC filing

Reported sold: $610M
Investors reported: 1
Minimum accepted: $5M
First sale: Sep 13, 2019

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
Sep 30, 2026	Amendment	$610,000,000	$0vs Sep 30, 2025	1	SEC filing
Sep 30, 2025	Amendment	$610,000,000	$0vs Sep 30, 2024	1	SEC filing
Sep 30, 2024	Amendment	$610,000,000	$0vs Sep 28, 2023	1	SEC filing
Sep 28, 2023	Amendment	$610,000,000	$0vs Sep 28, 2022	1	SEC filing
Sep 28, 2022	Amendment	$610,000,000	$0vs Sep 28, 2021	1	SEC filing
Sep 28, 2021	Amendment	$610,000,000	$210,000,000vs Sep 28, 2020	1	SEC filing
Sep 28, 2020	Amendment	$400,000,000	$300,000,000vs Sep 27, 2019	1	SEC filing
Sep 27, 2019	Initial	$100,000,000	No comparison	1	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: 021-349889

Adviser pays a portion of its advisory fees, which may vary from time to time, to the selling agents.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
RainBridge Securities L.L.C.	334916

Source: Form D, filed Sep 30, 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

M.D. SASS GOVERNMENT AGENCY PORTABLE ALPHA, L.P.

Investment adviser: M.D. SASS, LLC

Gross asset value: $125M
Beneficial owners: 1
ADV minimum commitment: $5M

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 SEI GLOBAL SERVICES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP NEW YORK, New York, United States

Custodian CHARLES SCHWAB & CO., INC. NEW YOK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer RAINBRIDGE SECURITIES LLC NEW YORK, New York, United States Related to adviser: Yes

Prime broker J.P. MORGAN SECURITIES 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: Yes

RSM US LLP
PCAOB 49

CHARLES SCHWAB & CO., INC.
SEC 8-16514

J.P. MORGAN SECURITIES LLC
SEC 8-35008

RAINBRIDGE SECURITIES LLC
CRD 334916 · SEC 8-71373

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Filing source

Form ADV 2073591 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-7248827240

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
Sam Friedman	Executive
Bobby Liu	Executive
N/A M.D. Sass Investors Services, Inc.	Executive
N/A M.D. Sass, Llc	Executive
N/A M.D. Sass Portable Alpha Gp, Llc	Executive
Ari D. Sass	Executive
Martin D. Sass	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

885 Third Avenue 26th Floor
New York, NY, 10022