Form D · Hedge Fund

Shearwater Fund, LP

Denver, CO · CIK 0001707571

Offering snapshot reported Aug 7, 2026 · SEC filing

Reported sold: $82.6M
Investors reported: 58
Minimum accepted: $250K
First sale: Jun 1, 2017

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$81,800,000 → $82,550,000

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 7, 2026	Amendment	$82,550,000	$750,000vs Aug 20, 2025	58	SEC filing
Aug 20, 2025	Amendment	$81,800,000	No comparison	Not reported	SEC filing
Mar 5, 2025	Amendment	$80,000,000	$100,000vs Mar 29, 2024	55	SEC filing
Mar 29, 2024	Amendment	$79,900,000	$2,300,000vs Apr 12, 2023	55	SEC filing
Apr 12, 2023	Amendment	$77,600,000	$13,120,000vs Apr 11, 2022	51	SEC filing
Apr 11, 2022	Amendment	$64,480,000	$23,430,000vs Apr 14, 2021	40	SEC filing
Apr 14, 2021	Amendment	$41,050,000	No comparison	Not reported	SEC filing
Apr 21, 2020	Amendment	$36,850,000	$13,060,000vs May 10, 2019	25	SEC filing
May 10, 2019	Amendment	$23,790,000	$14,670,000vs May 11, 2018	19	SEC filing
May 11, 2018	Amendment	$9,120,000	No comparison	11	SEC filing
May 25, 2017	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-287473

Limited Partner Interests

Source: Form D, filed Aug 7, 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

SHEARWATER FUND, LP

Investment adviser: SACHEM HILL LLC

Gross asset value: $130M
Beneficial owners: 49
ADV minimum commitment: $250K

Reported in Form ADV on Mar 24, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator TRUSTSERVE LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP DENVER, Colorado, United States

Custodian CITIZENS BANK, N.A. SAN FRANCISCO, California, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, 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

RSM US LLP
PCAOB 49

CITIZENS BANK, N.A.
LEI DRMSV1Q0EKMEXLAU1P80

PERSHING LLC
SEC 8-17574

Filing source

Form ADV 2049506 · Mar 24, 2026 · Schedule D 7.B.(1), fund 805-7803044386

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
Oana Bolton	Executive
Theodore A. Harris	Executive
Sachem Hill Llc	Executive
N/A Schoolcraft Capital Llc	Executive
Schoolcraft Capital Llc	Executive
Michael J. Sherman	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

250 Fillmore Street, Suite 650
Denver, CO, 80206