Form D · Private Equity Fund

Nars Recap Investors, LLC

New York, NY · CIK 0002055243

Offering snapshot reported Sep 24, 2025 · SEC filing

Reported sold: $343M
Investors reported: 19
Minimum accepted: $0
First sale: Dec 16, 2024

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.

Reported sold$292,866,965 → $343,118,956
Reported investors18 → 19

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 24, 2025	Amendment	$343,118,956	$50,251,991vs Mar 26, 2025	19	SEC filing
Mar 26, 2025	Amendment	$292,866,965	$0vs Feb 21, 2025	18	SEC filing
Feb 21, 2025	Initial	$292,866,965	No comparison	18	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-538897

Source: Form D, filed Sep 24, 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

NARS RECAP INVESTORS, LLC

Investment adviser: DFW CAPITAL MANAGEMENT, LLC

Gross asset value: $478M
Beneficial owners: 20
ADV minimum commitment: $1M

Reported in Form ADV on Mar 23, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BROADSCOPE FUND ADMINISTRATORS, LLC PARAMUS, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORTON LLP ISELIN, New Jersey, United States

Custodian JP MORGAN CHASE, BANK, NA 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: No

GRANT THORTON LLP
PCAOB 1487

Filing source

Form ADV 2051463 · Mar 23, 2026 · Schedule D 7.B.(1), fund 805-6222820690

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
. Dfw Vii Gp, Llc	Director
Keith W. Pennell	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Dfw Capital Partners 156 5 Th Avenue, Suite 1100
New York, NY, 10010