Form D · Other Investment Fund

Superstate Crypto Carry Fund, a series of Superstate Asset Trust

Wilmington, DE · CIK 0002030263

Offering snapshot reported Jul 17, 2025 · SEC filing

Reported sold
$211M
Indefinite offering
Investors reported
43
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jul 12, 2024
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$106M$211MJul 17, 2024: $10,267,391.00Jul 17, 2024Jul 17, 2025: $211,043,879.00Jul 17, 2025

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$10,267,391 → $211,043,879
  • Reported investors1 → 43
  • Minimum accepted$0 → $100,000

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jul 17, 2025Amendment$211,043,879$200,776,488vs Jul 17, 202443SEC filing
Jul 17, 2024Initial$10,267,391No comparison1SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06c, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-519020

Source: Form D, filed Jul 17, 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

SUPERSTATE CRYPTO CARRY FUND

Investment adviser: SUPERSTATE ADVISERS LLC

Gross asset value
$472M
Beneficial owners
96
ADV minimum commitment
$100K

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: No (provided to no investors) Related to adviser: No
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States
Custodian ANCHORAGE DIGITAL BANK NATIONAL ASSOCIATION SIOUX FALLS, South Dakota, 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

ANCHORAGE DIGITAL BANK NATIONAL ASSOCIATION
LEI 549300JJSDEHXA1AKJ69

Filing source

Form ADV 2079843 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-4636465639

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
N/A Superstate Advisers Llc Promoter
N/A Superstate Inc. Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
251 Little Falls Drive
Wilmington, DE, 19808