Form D · Other Investment Fund

Precept Special Situation Fund, L.P.

Dallas, TX · CIK 0001486254

Offering snapshot reported Aug 5, 2022 · SEC filing

Reported sold
$48.5M
Indefinite offering
Investors reported
8
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Apr 1, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$24.3M$48.5MAug 5, 2021: $23,400,000.00Aug 5, 2021Aug 5, 2022: $48,500,000.00Aug 5, 2022

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$23,400,000 → $48,500,000

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 5, 2022Amendment$48,500,000$25,100,000vs Aug 5, 20218SEC filing
Aug 5, 2021Initial$23,400,000No comparisonNot reportedSEC filing
Aug 12, 2016Amendment$54,790,506$0vs Aug 13, 20151SEC filing
Aug 13, 2015Amendment$54,790,506$0vs Aug 13, 20141SEC filing
Aug 13, 2014Amendment$54,790,506$0vs Aug 14, 20131SEC filing
Aug 14, 2013Amendment$54,790,506$0vs Aug 13, 20121SEC filing
Aug 13, 2012Amendment$54,790,506$0vs Dec 6, 20111SEC filing
Dec 6, 2011Amendment$54,790,506$0vs Dec 7, 20101SEC filing
Dec 7, 2010Amendment$54,790,506$9,532,237vs Aug 11, 20101SEC filing
Aug 11, 2010Amendment$45,258,269$6,362,196vs Mar 9, 20101SEC filing
Mar 9, 2010Initial$38,896,073No comparison1SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-408987

Source: Form D, filed Aug 5, 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

PRECEPT CREDIT OPPORTUNITIES FUND, L.P.

Investment adviser: PRECEPT MANAGEMENT, LLC

Gross asset value
$350K
Beneficial owners
13
ADV minimum commitment
$500K

Reported in Form ADV on Jul 1, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor CHERRY BEKAERT LLP RALEIGH, North Carolina, United States
Custodian TEXAS CAPITAL BANK, NA DALLAS, Texas, 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

CHERRY BEKAERT LLP
PCAOB 677

Filing source

Form ADV 2116695 · Jul 1, 2026 · Schedule D 7.B.(1), fund 805-6817499134

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
D. Blair Baker Executive
N/A Precept Capital Management, L.P. Director
N/A Precept Management, Llc Director
Nick Roossien Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
200 Crescent Court Suite 1450
Dallas, TX, 75201