Form D · Private Equity Fund

SMART Air & Energy Master Fund LP

Conshohocken, PA · CIK 0002020701

Offering snapshot reported Dec 3, 2025 · SEC filing

Reported sold: $133M
Investors reported: 16
Minimum accepted: $0
First sale: May 6, 2024

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$106,500,000 → $132,500,000
Reported investors11 → 16

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 3, 2025	Amendment	$132,500,000	$26,000,000vs Dec 4, 2024	16	SEC filing
Dec 4, 2024	Amendment	$106,500,000	No comparison	11	SEC filing
May 3, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-512368

Hamilton Lane Securities LLC receives from the Manager a monthly fee for general placement agent services provided on behalf of the Issuers and other funds managed by the Manager.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Hamilton Lane Securities LLC	281510

Source: Form D, filed Dec 3, 2025. 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

SMART AIR AND ENERGY FEEDER FUND LP

Investment adviser: HAMILTON LANE ADVISORS, L.L.C.

Gross asset value: $46.1M
Beneficial owners: 25
ADV minimum commitment: $1M

Reported in Form ADV on Jun 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator GEN II FUND SERVICES, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP PHILADELPHIA, Pennsylvania, United States

Custodian JP MORGAN CHASE BANK, N.A. NEWARK, Delaware, 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

ERNST & YOUNG LLP
PCAOB 42

Filing source

Form ADV 2105519 · Jun 26, 2026 · Schedule D 7.B.(1), fund 805-9015842998

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
Andrea Anigati	Executive
Lydia A. Gavalis	Executive
N/A Hamilton Lane Advisors, L.L.C.	Promoter
Kristin Jumper	Executive
Adam Shane	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

110 Washington Street Suite 1300
Conshohocken, PA, 19428