Form D · Other Investment Fund

Western Alternative Strategies, L.P. - Tail Risk Series

Dallas, TX · CIK 0001820545

Offering snapshot reported Feb 6, 2026 · SEC filing

Reported sold
$64M
Indefinite offering
Investors reported
Not reported
Form D · investor count
Minimum accepted
Not reported
Reported outside-investor minimum
First sale
Not reported
As reported in this filing

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
Feb 6, 2026Amendment$63,962,359No comparisonNot reportedSEC filing
Apr 17, 2025Amendment$53,884,980$7,506,151vs Apr 18, 2024255SEC filing
Apr 18, 2024Amendment$46,378,829$15,453,164vs Apr 19, 2023223SEC filing
Apr 19, 2023Amendment$30,925,665$10,014,059vs Apr 19, 2022213SEC filing
Apr 19, 2022Amendment$20,911,606$13,317,903vs Apr 21, 2021183SEC filing
Apr 21, 2021Amendment$7,593,703$4,940,103vs Sep 11, 2020110SEC filing
Sep 11, 2020Initial$2,653,600No comparison55SEC filing

Offering details

Securities
Not reported
Exemptions
Not reported
Duration over one year
Not reported
Business combination
Not reported
Sales commissions
Not reported
Finders' fees
Not reported
Form D file number
021-375302

Source: Form D, filed Feb 6, 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

WESTERN ALTERNATIVE STRATEGIES, L.P. TAIL RISK

Investment adviser: TRUE NORTH ADVISORS, LLC

Gross asset value
$22M
Beneficial owners
178
ADV minimum commitment
$75K

Reported in Form ADV on Jul 16, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator TRUSTSERVE, LP MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER, LLP FT WORTH, Texas, United States
Custodian NORTHBROOK BANK AND TRUST COMPANY N.A. NORTHBROOK, Illinois, United States Related to adviser: No
Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

WEAVER, LLP
PCAOB 410

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

Filing source

Form ADV 2116979 · Jul 16, 2026 · Schedule D 7.B.(1), fund 805-4301169615

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
Chris Pate Executive, Promoter
N/A Tn Wasgp, Llc Executive, Promoter
N/A True North Advisors, Llc Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
3131 Turtle Creek Boulevard, Suite 1300
Dallas, TX, 75219