Form D · Hedge Fund

MAKAIRA INVESTORS LP

La Jolla, CA · CIK 0001403822

Offering snapshot reported Jul 31, 2025 · SEC filing

Reported sold: $397M
Investors reported: 62
Minimum accepted: $2M
First sale: Jun 1, 2007

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
Jul 31, 2025	Amendment	$397,107,889	$0vs Aug 1, 2024	62	SEC filing
Aug 1, 2024	Amendment	$397,107,889	$15,750,000vs Apr 29, 2022	62	SEC filing
Apr 29, 2022	Amendment	$381,357,889	$30,500,000vs May 17, 2021	59	SEC filing
May 17, 2021	Amendment	$350,857,889	No comparison	Not reported	SEC filing
Apr 27, 2018	Amendment	$166,797,383	$108,917,383vs Sep 23, 2013	44	SEC filing
Sep 23, 2013	Amendment	$57,880,000	$15,780,000vs Jan 14, 2013	30	SEC filing
Jan 14, 2013	Amendment	$42,100,000	$1,300,000vs Jan 11, 2012	24	SEC filing
Jan 11, 2012	Amendment	$40,800,000	$3,400,000vs Jan 6, 2011	24	SEC filing
Jan 6, 2011	Initial	$37,400,000	No comparison	21	SEC filing
Jun 12, 2007	Paper	Not reported	No comparison	Not reported	SEC filing

Offering details

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

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-153110

Limited partner interests

Source: Form D, filed Jul 31, 2025. 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

MAKAIRA INVESTORS LP

Investment adviser: MAKAIRA PARTNERS, LLC

Gross asset value: $171M
Beneficial owners: 31
ADV minimum commitment: $2M

Reported in Form ADV on Jan 31, 2018. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNER AMPER LLP SAN FRANCISCO, California, United States

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORP. JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States Related to adviser: No

Prime broker WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

EISNER AMPER LLP
PCAOB 274

WELLS FARGO SECURITIES, LLC
SEC 8-65876

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Filing source

Form ADV 1167570 · Jan 31, 2018 · Schedule D 7.B.(1), fund 805-5440352298

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
Thomas M. Bancroft	Executive
Thomas M. Bancroft Iii	Executive
Adam Garcia	Executive
Sean Hidey	Executive
Joon Lee	Executive
N/A Makaira Partners, Llc	Executive
Makaira Partners, Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

7817 Ivanhoe Avenue Suite 310
La Jolla, CA, 92037