Form D · Hedge Fund

Prelude Structured Alternatives Master Fund, LP

New York, NY · CIK 0001804133

Offering snapshot reported Feb 24, 2026 · SEC filing

Reported sold: $2.41B
Investors reported: 197
Minimum accepted: $0
First sale: Feb 3, 2020

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$2,226,893,188 → $2,412,932,339
Reported investors143 → 197

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 24, 2026	Amendment	$2,412,932,339	$186,039,151vs Feb 21, 2025	197	SEC filing
Feb 21, 2025	Amendment	$2,226,893,188	$120,067,061vs Feb 23, 2024	143	SEC filing
Feb 23, 2024	Amendment	$2,106,826,127	$156,257,254vs Feb 24, 2023	135	SEC filing
Feb 24, 2023	Amendment	$1,950,568,873	$285,241,922vs Feb 24, 2022	127	SEC filing
Feb 24, 2022	Amendment	$1,665,326,951	-$2,006,803,682vs Feb 24, 2021	112	SEC filing
Feb 24, 2021	Amendment	$3,672,130,633	$3,584,831,821vs Feb 25, 2020	62	SEC filing
Feb 25, 2020	Initial	$87,298,812	No comparison	8	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-361257

Source: Form D, filed Feb 24, 2026. 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

PRELUDE STRUCTURED ALTERNATIVES MASTER FUND, LP

Investment adviser: PRELUDE CAPITAL MANAGEMENT, LLC

Gross asset value: $1.27B
Beneficial owners: 81
ADV minimum commitment: $0

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING INC OAK BROOK, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNERAMPER LLP NEW YORK, New York, United States

Custodian ADM INVESTOR INC CHICAGO, Illinois, United States Related to adviser: No

Custodian BNP PARIBAS PRIME BROKERAGE, INC. NEW YORK, New York, United States Related to adviser: No

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

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian MACQUARIE BANK LIMITED SYDNEY, Australia Related to adviser: No

Custodian MAREX CAPITAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian SG AMERICAS SECURITIES, LLC NEW YORK, New York, United States Related to adviser: No

Custodian SOCIETE GENERALE INTERNATIONAL LTD LONDON, United Kingdom Related to adviser: No

Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker BNP PARIBAS PRIME BROKERAGE, INC. NEW YORK, New York, United States

Prime broker CICC FINANCIAL TRADING LIMITED BEIJING, China

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Prime broker MACQUARIE BANK LIMITED SYDNEY, Australia

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Prime broker PERSHING LLC JERSEY CITY, New Jersey, United States

Prime broker SG AMERICAS SECURITIES, LLC NEW YORK, New York, United States

Prime broker UBS SECURITIES 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: No

EISNERAMPER LLP
PCAOB 274

BNP PARIBAS PRIME BROKERAGE, INC.
SEC 8-40490

GOLDMAN SACHS & CO. LLC
SEC 8-129

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MAREX CAPITAL MARKETS INC.
SEC 8-69039

MORGAN STANLEY & CO. LLC
SEC 8-15869

PERSHING LLC
SEC 8-17574

SG AMERICAS SECURITIES, LLC
SEC 8-66125

UBS SECURITIES LLC
SEC 8-22651

BNP PARIBAS PRIME BROKERAGE, INC.
CRD 24962 · SEC 8-40490

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

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

PERSHING LLC
CRD 7560 · SEC 8-17574

SG AMERICAS SECURITIES, LLC
CRD 128351 · SEC 8-66125

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

Filing source

Form ADV 2081706 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-2495224621

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
Cisco J. Del Valle	Executive
N/A Prelude Capital Management, Llc	Executive
N/A Prelude Capital Partners, Llc	Director
Gavin Saitowitz	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

600 Lexington Avenue 20th Floor
New York, NY, 10022