Form D · Hedge Fund

UNDERHILL PARTNERS, L.P.

New York, NY · CIK 0001132844

Offering snapshot reported Sep 10, 2026 · SEC filing

Reported sold
$40M
Indefinite offering
Investors reported
56
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Jan 1, 2001
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$20M$40MSep 5, 2025: $40,001,386.00Sep 5, 2025Sep 10, 2026: $40,001,386.00Sep 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.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Sep 10, 2026Amendment$40,001,386$0vs Sep 5, 202556SEC filing
Sep 5, 2025Amendment$40,001,386No comparisonNot reportedSEC filing
Sep 6, 2024Amendment$40,001,386$0vs Sep 8, 202356SEC filing
Sep 8, 2023Amendment$40,001,386$4,600,000vs Sep 9, 202256SEC filing
Sep 9, 2022Amendment$35,401,386-$99,999vs Sep 10, 202154SEC filing
Sep 10, 2021Amendment$35,501,385$0vs Sep 18, 202055SEC filing
Sep 18, 2020Amendment$35,501,385$0vs Sep 20, 201955SEC filing
Sep 20, 2019Amendment$35,501,385$0vs Sep 21, 201855SEC filing
Sep 21, 2018Amendment$35,501,385$1,873,332vs Sep 22, 201755SEC filing
Sep 22, 2017Amendment$33,628,053$0vs Sep 23, 201652SEC filing
Sep 23, 2016Amendment$33,628,053$0vs Sep 25, 201552SEC filing
Sep 25, 2015Amendment$33,628,053$9,320,833vs Sep 10, 201452SEC filing
Sep 10, 2014Amendment$24,307,220$0vs Apr 21, 201445SEC filing
Apr 21, 2014Amendment$24,307,220$0vs Apr 19, 201345SEC filing
Apr 19, 2013Amendment$24,307,220$0vs Mar 17, 200945SEC filing
Apr 19, 2012Amendment$22,230,000-$2,077,220vs Mar 17, 200944SEC filing
Apr 19, 2011Amendment$24,337,220$30,000vs Mar 17, 200945SEC filing
Jan 7, 2010Amendment$24,307,220$0vs Mar 17, 200945SEC filing
Mar 17, 2009Initial$24,307,220No comparisonNot reportedSEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$7.14K (estimated)
Form D file number
021-128073
The recipient listed in Item 12 is paid an amount equal to a percentage of the management fee paid to the Investment Manager (or its affiliate) attributable to certain assets under management and/or the incentive allocation.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Joseph James Murphy001857456Ingalls & Snyder, LLC · CRD 000002288

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

UNDERHILL PARTNERS, LP

Investment adviser: INGALLS INVESTMENT MANAGEMENT, LLC

Gross asset value
$22.2M
Beneficial owners
13
ADV minimum commitment
$1M

Reported in Form ADV on Sep 18, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ARCHWAY TECHNOLOGIES, INC. INDIANAPOLIS, Indiana, United States Investor statements: No (provided to no investors) Related to adviser: No
Auditor CROWE LLP CHICAGO, Illinois, United States
Custodian INGALLS & SNYDER, LLC NEW YORK, New York, United States Related to adviser: Yes
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

CROWE LLP
PCAOB 173

INGALLS & SNYDER, LLC
SEC 8-1865

Filing source

Form ADV 2122189 · Sep 18, 2026 · Schedule D 7.B.(1), fund 805-7474897290

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
Ingalls Investment Management, Llc Executive
Ingalls & Snyder, Llc Executive
Edward H. Oberst Executive
Frank Stolba Executive
Underhill Capital, L.L.C. Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
1 Rockefeller Plaza
New York, NY, 10020