Form D · Hedge Fund

Orthogonal SPAC Advantage Fund, LP

New York, NY · CIK 0001838035

Offering snapshot reported Apr 7, 2022 · SEC filing

Reported sold: $10.4M
Investors reported: 4
Minimum accepted: $5M
First sale: Apr 5, 2021

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$10,000,500 → $10,381,923

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Apr 7, 2022	Amendment	$10,381,923	$381,423vs Apr 9, 2021	4	SEC filing
May 13, 2021	Amendment	$10,000,500	$0vs Apr 9, 2021	3	SEC filing
Apr 9, 2021	Initial	$10,000,500	No comparison	Not reported	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06c, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-395202

Source: Form D, filed Apr 7, 2022. 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

ORTHOGONAL SPAC ADVANTAGE FUND, LP

Investment adviser: ORTHOGONAL ASSET MANAGEMENT, LLC

Gross asset value: $10.4M
Beneficial owners: 4
ADV minimum commitment: $5M

Reported in Form ADV on May 16, 2023. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSUILTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, L.L.P. NEW YORK, New York, United States

Custodian CLEAR STREET LLC NEW YORK, New York, United States Related to adviser: No

Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian TD BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Prime broker CLEAR STREET LLC NEW YORK, New York, United States

Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States

Prime broker NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States

Provider details

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

WEAVER AND TIDWELL, L.L.P.
PCAOB 410

CLEAR STREET LLC
SEC 8-69972

INTERACTIVE BROKERS LLC
SEC 8-47257

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

TD BANK, N.A.
LEI 03D0JEWFDFUS0SEEKG89

CLEAR STREET LLC
CRD 288933 · SEC 8-69972

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

Filing source

Form ADV 1762721 · May 16, 2023 · Schedule D 7.B.(1), fund 805-8351346013

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
Dion Chu	Executive, Promoter
Dane Lund	Executive, Promoter
N/A Orthogonal Asset Management, Llc	Promoter
N/A Orthogonal Spac Advantage Gp, Llc	Promoter
Michael Fang Peng	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1185 Avenue Of The Americas 3 Fl
New York, NY, 10036