Form D · Hedge Fund

Sutherland Fund, LP

New York, NY · CIK 0001542202

Offering snapshot reported Aug 4, 2015 · SEC filing

Reported sold
$25.6M
Indefinite offering
Investors reported
50
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Dec 1, 2011
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$12.8M$25.6MFeb 13, 2012: $4,222,500.00Feb 13, 2012Aug 20, 2012: $5,372,885.00Aug 20, 2013: $25,606,592.00Aug 20, 2013Aug 21, 2014: $25,606,592.00Aug 21, 2014Aug 4, 2015: $25,606,592.00Aug 4, 2015

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.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 4, 2015Amendment$25,606,592$0vs Aug 21, 201450SEC filing
Aug 21, 2014Amendment$25,606,592$0vs Aug 20, 201350SEC filing
Aug 20, 2013Amendment$25,606,592$20,233,707vs Aug 20, 201250SEC filing
Aug 20, 2012Amendment$5,372,885$1,150,385vs Feb 13, 201218SEC filing
Feb 13, 2012Initial$4,222,500No comparison12SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$18.4K (estimated)
Finders' fees
$0
Form D file number
021-173376

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
M.D. Sass Securities, L.L.C.139760

Source: Form D, filed Aug 4, 2015. 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

SUTHERLAND FUND, LP

Investment adviser: WATERFALL ASSET MANAGEMENT, LLC

Gross asset value
$864K
Beneficial owners
60
ADV minimum commitment
$100K

Reported in Form ADV on Nov 30, 2015. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator US BANCORP FUND SERVICES, LLC HACKENSACK, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States
Custodian NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Custodian WELLS FARGO BANK, NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, 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
Filing source

Form ADV 959795 · Nov 30, 2015 · Schedule D 7.B.(1), fund 805-1524155793

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
Thomas Capasse Executive
N/A M.D. Sass Macquarie Financial Strategies, L.P. Executive
Kenneth Nick Executive
Jack Ross Executive
N/A Waterfall Asset Management, Llc Executive
N/A Waterfall Management, Llc Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
1140 Avenue Of The Americas, 7th Floor
New York, NY, 10036