Form D · Hedge Fund

Waterfall Sandstone Fund, L.P.

Camana Bay, Grand Cayman, E9 · CIK 0001615392

Offering snapshot reported Oct 15, 2026 · SEC filing

Reported sold
$500M
Indefinite offering
Investors reported
3
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jun 1, 2014
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$250M$500MAug 1, 2014: $220,050,000.00Aug 1, 2014Aug 3, 2015: $500,050,000.00Aug 3, 2016: $500,050,000.00Aug 3, 2017: $500,050,000.00Aug 3, 2018: $500,050,000.00Aug 5, 2019: $500,050,000.00Aug 19, 2019: $500,050,000.00Oct 9, 2020: $500,050,000.00Oct 12, 2021: $500,050,000.00Oct 12, 2022: $500,050,000.00Oct 12, 2023: $500,050,000.00Oct 15, 2024: $500,050,000.00Oct 15, 2025: $500,050,000.00Oct 15, 2026: $500,050,000.00Oct 15, 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
Oct 15, 2026Amendment$500,050,000$0vs Oct 15, 20253SEC filing
Oct 15, 2025Amendment$500,050,000$0vs Oct 15, 20243SEC filing
Oct 15, 2024Amendment$500,050,000$0vs Oct 12, 20233SEC filing
Oct 12, 2023Amendment$500,050,000$0vs Oct 12, 20223SEC filing
Oct 12, 2022Amendment$500,050,000$0vs Oct 12, 20213SEC filing
Oct 12, 2021Amendment$500,050,000$0vs Oct 9, 20203SEC filing
Oct 9, 2020Amendment$500,050,000$0vs Aug 19, 20193SEC filing
Aug 19, 2019Amendment$500,050,000$0vs Aug 5, 20193SEC filing
Aug 5, 2019Amendment$500,050,000$0vs Aug 3, 20183SEC filing
Aug 3, 2018Amendment$500,050,000$0vs Aug 3, 20173SEC filing
Aug 3, 2017Amendment$500,050,000$0vs Aug 3, 20163SEC filing
Aug 3, 2016Amendment$500,050,000$0vs Aug 3, 20153SEC filing
Aug 3, 2015Amendment$500,050,000$280,000,000vs Aug 1, 20143SEC filing
Aug 1, 2014Initial$220,050,000No comparison3SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-222156

Source: Form D, filed Oct 15, 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

WATERFALL SANDSTONE FUND, L.P.

Investment adviser: WATERFALL ASSET MANAGEMENT, LLC

Gross asset value
$921M
Beneficial owners
3
ADV minimum commitment
$0

Reported in Form ADV on Jul 23, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator U.S. BANK GLOBAL FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN, Cayman Islands
Custodian COMPUTERSHARE LOUISVILLE, Kentucky, United States Related to adviser: No
Custodian JP MORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 1096

COMPUTERSHARE
LEI 254900Y7PP3ZED9AUY94

MORGAN STANLEY & CO. LLC
SEC 8-15869

NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 2120325 · Jul 23, 2026 · Schedule D 7.B.(1), fund 805-4489347300

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
Kenneth Nick Executive
Jack Ross Executive
N/A Waterfall Asset Management, Llc Executive
N/A Waterfall Sandstone Gp, Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Ogier Global (Cayman) Limited 89 Nexus Way
Camana Bay, Grand Cayman, E9, KY1-9009