Form D · Other Investment Fund

Project Level Fund, L.P.

Chicago, IL · CIK 0002054334

Offering snapshot reported Feb 3, 2026 · SEC filing

Reported sold
$230M
Indefinite offering
Investors reported
Not reported
Form D · investor count
Minimum accepted
Not reported
Reported outside-investor minimum
First sale
Not reported
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 3, 2026Amendment$230,000,000No comparisonNot reportedSEC filing
Feb 3, 2025InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Not reported
Exemptions
Not reported
Duration over one year
Not reported
Business combination
Not reported
Sales commissions
Not reported
Finders' fees
Not reported
Form D file number
021-537201

Source: Form D, filed Feb 3, 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

PROJECT LEVEL FUND, LP

Investment adviser: PROJECT LEVEL MANAGEMENT COMPANY, LLC

Gross asset value
$225M
Beneficial owners
20
ADV minimum commitment
$15M

Reported in Form ADV on Aug 10, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator GEN II FUND SERVICES, LLCV NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian BANK OF AMERICA, NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No
Marketer ARIEL DISTRIBUTORS, LLC CHICAGO, Illinois, United States Related to adviser: Yes
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27

ARIEL DISTRIBUTORS, LLC
CRD 38333 · SEC 8-48238

Filing source

Form ADV 2125005 · Aug 10, 2026 · Schedule D 7.B.(1), fund 805-4646228845

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
N/A Ariel Investments Holding Company, Llc Executive
Beth Brooke Director
Mellody L. Hobson Lucas Executive
Cynthia Marshall Director
Steven Mills Director
N/A Project Level Gp, L.P. Promoter
N/A Project Level Management Company, Llc Executive
Emma L. Rodriguez Ayala Executive
Jason Wright Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
200 East Randolph Street Suite 2900
Chicago, IL, 60601