Form D · Other Investment Fund

SMART MARKETS FUND, L.P.

San Francisco, CA · CIK 0001529935

Offering snapshot reported Sep 10, 2026 · SEC filing

Reported sold
$4.46B
Indefinite offering
Investors reported
105
Form D · investor count
Minimum accepted
$500K
Reported outside-investor minimum
First sale
Sep 26, 2011
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$2.23B$4.46BSep 11, 2025: $4,000,842,812.00Sep 11, 2025Sep 10, 2026: $4,456,612,758.00Sep 10, 2026

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$4,000,842,812 → $4,456,612,758

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Sep 10, 2026Amendment$4,456,612,758$455,769,946vs Sep 11, 2025105SEC filing
Sep 11, 2025Amendment$4,000,842,812No comparisonNot reportedSEC filing
Sep 13, 2024Amendment$3,379,195,118$95,802,796vs Sep 15, 202398SEC filing
Sep 15, 2023Amendment$3,283,392,322$422,166,293vs Sep 19, 202298SEC filing
Sep 19, 2022Amendment$2,861,226,029$838,395,453vs Aug 17, 2021101SEC filing
Aug 17, 2021Amendment$2,022,830,576No comparisonNot reportedSEC filing
Aug 19, 2020Amendment$1,541,121,888$54,221,888vs Aug 21, 201939SEC filing
Aug 21, 2019Amendment$1,486,900,000$124,100,000vs Aug 22, 201829SEC filing
Aug 22, 2018Amendment$1,362,800,000$235,700,000vs Aug 28, 201726SEC filing
Aug 28, 2017Amendment$1,127,100,000$31,800,000vs Aug 30, 201617SEC filing
Aug 30, 2016Amendment$1,095,300,000$150,000,000vs Sep 17, 201515SEC filing
Sep 17, 2015Amendment$945,300,000$122,500,000vs Sep 18, 201411SEC filing
Sep 18, 2014Amendment$822,800,000$722,800,000vs Sep 29, 201111SEC filing
Sep 20, 2013Amendment$472,500,000$302,500,000vs Sep 25, 20128SEC filing
Sep 25, 2012Amendment$170,000,000$70,000,000vs Sep 29, 20113SEC filing
Sep 29, 2011Initial$100,000,000No comparison1SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06c, 3C, 3C.6
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-166549

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
N/ANone

Source: Form D, filed Sep 10, 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

SMART MARKETS FUND, L.P.

Investment adviser: CORE AND VALUE ADVISORS, LLC

Gross asset value
$4.83B
Beneficial owners
83
ADV minimum commitment
$5M

Reported in Form ADV on Nov 9, 2023. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor PRICEWATERHOUSECOOPERS LLP SAN FRANCISCO, California, United States
Custodian BANK OF AMERICA, N.A. BREA, California, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

BANK OF AMERICA, N.A.
LEI B4TYDEB6GKMZO031MB27

Filing source

Form ADV 1795293 · Nov 9, 2023 · Schedule D 7.B.(1), fund 805-1592135437

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
Arielle Birenberg Executive
Mark D. Carlson Executive
N/A Core And Value Advisors, Llc Executive
N/A Cva Smart Markets, Llc Executive
Thomas M. Johnson Executive
Tuba Malinowski Executive
Sol A Raso Executive
Jennifer Rindge Executive
Breanna Staggs Executive
Stephen M. Steppe Executive
Douglas D. Sturiale Executive
Johnson M. Thompson Executive
Daniel S. Weaver Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
4 Embarcadero Center, Suite 3300
San Francisco, CA, 94111