Form D · Hedge Fund
SBB RESEARCH GROUP CPS FUND XI LLC
Northbrook, IL · CIK 0001670509
Offering snapshot reported Feb 19, 2026 · SEC filing
- Reported sold
- $1.16B Indefinite offering
- Investors reported
- 10 Form D · investor count
- Minimum accepted
- $1M Reported outside-investor minimum
- First sale
- Sep 1, 2013 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.
- Reported sold$1,145,791,740 → $1,160,591,989
- Reported investors5 → 10
Filing history
Scroll to see all columns →
| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Feb 19, 2026 | Amendment | $1,160,591,989 | $14,800,249vs Sep 25, 2025 | 10 | SEC filing |
| Sep 25, 2025 | Amendment | $1,145,791,740 | $73,343,542vs Feb 20, 2025 | 5 | SEC filing |
| Feb 20, 2025 | Amendment | $1,072,448,198 | $15,545,678vs Feb 21, 2024 | 5 | SEC filing |
| Feb 21, 2024 | Amendment | $1,056,902,520 | $2,704,730vs Feb 24, 2023 | 7 | SEC filing |
| Feb 24, 2023 | Amendment | $1,054,197,790 | $234,238,790vs Feb 24, 2022 | 7 | SEC filing |
| Feb 24, 2022 | Amendment | $819,959,000 | $792,000,000vs Feb 25, 2021 | 7 | SEC filing |
| Feb 25, 2021 | Amendment | $27,959,000 | $11,500,000vs Feb 28, 2020 | 7 | SEC filing |
| Feb 28, 2020 | Amendment | $16,459,000 | $0vs Feb 28, 2019 | 3 | SEC filing |
| Feb 28, 2019 | Amendment | $16,459,000 | $0vs Mar 2, 2018 | 3 | SEC filing |
| Mar 2, 2018 | Amendment | $16,459,000 | $1,459,000vs Mar 3, 2017 | 3 | SEC filing |
| Mar 3, 2017 | Amendment | $15,000,000 | $5,000,000vs Mar 25, 2016 | 3 | SEC filing |
| Mar 25, 2016 | Initial | $10,000,000 | No comparison | 3 | SEC filing |
Offering details
- Securities
- 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
- 021-260049
Source: Form D, filed Feb 19, 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
SBB RESEARCH GROUP FUND CPS XI LLC SERIES A
Investment adviser: SBB RESEARCH GROUP LLC
- Gross asset value
- $141M
- Beneficial owners
- 5
- ADV minimum commitment
- $1M
Reported in Form ADV on Aug 5, 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
- No
- External marketing
- No
BAKER TILLY VIRCHOW KRAUSE, LLP
PCAOB 23
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STIFEL, NICOLAUS & COMPANY, INCORPORATED
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UBS FINANCIAL SERVICES INC.
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Filing source
Form ADV 2116263 · Aug 5, 2026 · Schedule D 7.B.(1), fund 805-1211831209
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 |
|---|---|
| Matthew Lawrence Aven | Director, Executive, Promoter |
| Samuel Benjamin Barnett | Director, Executive, Promoter |
| Michael S Chick | Executive |
| Brad Alan Greenstein | Executive |
| Walter M Kelly | Executive |
| Sandeep D Navalgund | Executive |
| N/A Sbb Research Group Llc | Promoter |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Northbrook, IL, 60062