Form D · Other Investment Fund

Cresset High Yield Municipal Fund, LLC

Chicago, IL · CIK 0001708627

Offering snapshot reported Jan 28, 2026 · SEC filing

Reported sold: $233M
Investors reported: Not reported
Minimum accepted: Not reported
First sale: Not reported

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
Jan 28, 2026	Amendment	$233,115,501	No comparison	Not reported	SEC filing
Jan 29, 2025	Amendment	$205,160,501	$24,242,500vs Jan 30, 2024	229	SEC filing
Jan 30, 2024	Amendment	$180,918,001	$12,345,000vs Jan 30, 2023	201	SEC filing
Jan 30, 2023	Amendment	$168,573,001	$10,368,667vs Jan 28, 2022	186	SEC filing
Jan 28, 2022	Amendment	$158,204,334	$51,733,334vs Jan 27, 2021	179	SEC filing
Jan 27, 2021	Amendment	$106,471,000	$21,301,000vs Jan 27, 2020	141	SEC filing
Jan 27, 2020	Amendment	$85,170,000	$18,895,000vs Feb 1, 2019	124	SEC filing
Feb 1, 2019	Amendment	$66,275,000	$10,875,000vs Jun 7, 2018	108	SEC filing
Jun 7, 2018	Amendment	$55,400,000	No comparison	92	SEC filing
Jun 8, 2017	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Not reported
Exemptions: Not reported
Duration over one year: Not reported
Business combination: Not reported

Sales commissions: Not reported
Finders' fees: Not reported
Form D file number: 021-288264

Source: Form D, filed Jan 28, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

CRESSET HIGH YIELD MUNICIPAL FUND, LLC

Investment adviser: CRESSET ASSET MANAGEMENT, LLC

Gross asset value: $152M
Beneficial owners: 161
ADV minimum commitment: $1

Reported in Form ADV on Aug 13, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator UMB CHADDS FORD, Pennsylvania, United States Investor statements: Some (provided to some but not all investors) Related to adviser: No Other funds reporting this name →

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States Other funds reporting this name →

Custodian CHARLES SCHWAB & CO., INC. SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Custodian US BANK MINNEAPOLIS, Minnesota, United States Related to adviser: No Other funds reporting this name →

Provider details

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

KPMG, LLP
PCAOB 185

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

Fund asset history · 2 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2024	$150,155,858	161	Mar 28, 2025
2025	$152,287,870	161	Mar 27, 2026

Filing source

Form ADV 2124511 · Aug 13, 2026 · Schedule D 7.B.(1), fund 805-3852292150

Reported by CRESSET ASSET MANAGEMENT, LLC (CRD 288566).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Matched by reported Form D file number

MERISTEM HIGH YIELD MUNICIPAL FUND, LLC

Investment adviser: MERISTEM FAMILY WEALTH, LLC

Gross asset value: $150M
Beneficial owners: 156
ADV minimum commitment: $1

Reported in Form ADV on Aug 30, 2022. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor KPMG, LLP MINNEAPOLIS, Minnesota, United States Other funds reporting this name →

Custodian CHARLES SCHWAB & CO., INC. SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Custodian US BANK MINNEAPOLIS, Minnesota, United States Related to adviser: No Other funds reporting this name →

Provider details

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

KPMG, LLP
PCAOB 185

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

Fund asset history · 1 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2021	$150,238,800	156	Mar 28, 2022

Filing source

Form ADV 1673036 · Aug 30, 2022 · Schedule D 7.B.(1), fund 805-3852292150

Reported by MERISTEM FAMILY WEALTH, LLC (CRD 109141).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; 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
Eric Becker	Executive
N/A Cresset Fund Investment Management Services, Llc	Executive
Jon K. Crow	Executive
Charles J. Maxwell, Jr.	Executive
N/A Meristem Family Wealth, Llc	Director, Promoter
David Mills	Executive
Andrew A. Ohman	Executive
Patrick R. Regan	Executive
James M. Robbins	Executive
William A. Rudnick	Executive
Avy Stein	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

444 W. Lake St., Suite 4700
Chicago, IL, 60606
Phone: 312-622-8140