Form D · Other Investment Fund
PZENA INTERNATIONAL (EX-U.S.) FOCUSED VALUE FUND (DST), a series of Pzena Value Trust
New York, NY · CIK 0001719272
Offering snapshot reported Mar 4, 2026 · SEC filing
- Reported sold
- $79.1M Indefinite offering
- Investors reported
- 5 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Nov 1, 2017 As reported in this filing
Fundraising history
Reported soldDates 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.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Mar 4, 2026 | Amendment | $79,057,394 | $0vs Mar 4, 2025 | 5 | SEC filing |
| Mar 4, 2025 | Amendment | $79,057,394 | $0vs Mar 4, 2024 | 5 | SEC filing |
| Mar 4, 2024 | Amendment | $79,057,394 | $0vs Mar 2, 2023 | 5 | SEC filing |
| Mar 2, 2023 | Amendment | $79,057,394 | $0vs Mar 2, 2022 | 5 | SEC filing |
| Mar 2, 2022 | Amendment | $79,057,394 | $10,000,000vs Mar 2, 2020 | 5 | SEC filing |
| Mar 3, 2021 | Amendment | $79,057,394 | $10,000,000vs Mar 2, 2020 | 5 | SEC filing |
| Mar 2, 2020 | Amendment | $69,057,394 | $33,057,394vs Mar 2, 2018 | 5 | SEC filing |
| Mar 1, 2019 | Amendment | $61,500,000 | $25,500,000vs Mar 2, 2018 | 2 | SEC filing |
| Mar 2, 2018 | Amendment | $36,000,000 | $0vs Nov 15, 2017 | 1 | SEC filing |
| Nov 15, 2017 | Initial | $36,000,000 | No comparison | 1 | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $45.1K
- Finders' fees
- $0
- Form D file number
- 021-298765
No placement fees or sales charges are payable by the Issuer to the Broker in Item 12. Such Broker receives compensation paid out of management fees payable to the Investment Manager as set forth in the Issuer's offering materials.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Pzena Financial Services, LLC | 169807 |
Source: Form D, filed Mar 4, 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
PZENA INTERNATIONAL (EX U.S.) FOCUSED VALUE FUND (DST)
Investment adviser: PZENA INVESTMENT MANAGEMENT LLC
- Gross asset value
- $75.8M
- Beneficial owners
- 3
- ADV minimum commitment
- $5M
Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
GRANT THORNTON LLP
PCAOB 248
THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30
PZENA FINANCIAL SERVICES, LLC
CRD 169807 · SEC 8-69390
Filing source
Form ADV 2051514 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-3473195964
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.
| Name | Reported role |
|---|---|
| Gary J. Bachman | Executive |
| Chenyu Caroline Cai | Executive |
| Caroline Cai | Executive |
| Jessica Doran | Executive |
| Evan Fire | Executive |
| Allison Fisch | Executive |
| John P. Goetz | Executive |
| William L. Lipsey | Executive |
| Richard S. Pzena | Executive |
| N/A Pzena Financial Services, Llc | Promoter |
| N/A Pzena Investment Management, Llc | Promoter |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:New York, NY, 10022