Form D · Hedge Fund

Penn Capital Structure Total Return Fund, L.P.

Philadelphia, PA · CIK 0001001486

Offering snapshot reported Dec 14, 2018 · SEC filing

Reported sold
$59.3M
Indefinite offering
Investors reported
152
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Feb 23, 1992
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$29.6M$59.3MMar 12, 2010: $28,883,438.00Mar 12, 2010Mar 14, 2011: $29,807,278.00Mar 15, 2012: $35,791,661.00Mar 15, 2013: $38,009,671.00Mar 17, 2014: $47,631,407.00Mar 16, 2015: $55,830,000.00Mar 10, 2016: $55,981,285.00Dec 27, 2016: $59,108,166.00Dec 26, 2017: $59,108,166.00Dec 14, 2018: $59,295,039.00Dec 14, 2018

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$59,108,166 → $59,295,039

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 14, 2018Amendment$59,295,039$186,873vs Dec 26, 2017152SEC filing
Dec 26, 2017Amendment$59,108,166$0vs Dec 27, 2016152SEC filing
Dec 27, 2016Amendment$59,108,166$3,126,881vs Mar 10, 2016152SEC filing
Mar 10, 2016Amendment$55,981,285$151,285vs Mar 16, 2015152SEC filing
Mar 16, 2015Amendment$55,830,000$8,198,593vs Mar 17, 2014152SEC filing
Mar 17, 2014Amendment$47,631,407$9,621,736vs Mar 15, 2013143SEC filing
Mar 15, 2013Amendment$38,009,671$2,218,010vs Mar 15, 2012123SEC filing
Mar 15, 2012Amendment$35,791,661$5,984,383vs Mar 14, 2011111SEC filing
Mar 14, 2011Amendment$29,807,278$923,840vs Mar 12, 2010110SEC filing
Mar 12, 2010Amendment$28,883,438No comparison104SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$534K (estimated)
Finders' fees
$0
Form D file number
021-68730

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
SMH Capital Inc.20580
VSR Financial Services Incorporated14503
Carol LefcourtNone
Brinker Capital38123
Carlyle Wealth ManagementNone
Strategic Financial Alliance Inc.126514

Source: Form D, filed Dec 14, 2018. 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

PENN CAPITAL STRUCTURE TOTAL RETURN FUND, L.P.

Investment adviser: PENN CAPITAL MANAGEMENT COMPANY, LLC

Gross asset value
$6.67M
Beneficial owners
57
ADV minimum commitment
$100K

Reported in Form ADV on Mar 29, 2019. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator US BANCORP FUND SERVICES, LLC MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EISNERAMPER LLP PHILADELPHIA, Pennsylvania, United States
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Marketer THE STRATEGIC FINANCIAL ALLIANCE ATLANTA, Georgia, United States Related to adviser: No
Prime broker MORGAN STANLEY & CO. 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

EISNERAMPER LLP
PCAOB 274

MORGAN STANLEY & CO. LLC
SEC 8-15869 · LEI 9R7GPTSO7KV3UQJZQ078

THE STRATEGIC FINANCIAL ALLIANCE
CRD 126514 · SEC 801-62226

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 1293986 · Mar 29, 2019 · Schedule D 7.B.(1), fund 805-5323100618

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
NameReported role
Eric J. Green Executive
Richard A. Hocker Director, Executive
Marcia A. Hocker Director, Executive
Kimberly A. Hocker Director
Kirsten A. Hocker Director, Executive
Kimberley A. Hocker Director
Gerald Mc Bride Director, Executive
Peter Moran Executive
Christian M. Noyes Executive
Scott D. Schumacher Director, Executive
Scott D. Schumacher, Sr. Executive
Jorge Paulo Silva Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
1200 Intrepid Avenue Suite 400
Philadelphia, PA, 19112