Form D · Other Investment Fund

ACAP IV Unlevered LP

George Town, Grand Cayman, E9 · CIK 0002038811

Offering snapshot reported Sep 25, 2026 · SEC filing

Reported sold: $250M
Investors reported: 1
Minimum accepted: $0
First sale: Sep 30, 2024

Fundraising history

Reported sold

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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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 25, 2026	Amendment	$250,001,000	$0vs Sep 25, 2025	1	SEC filing
Sep 25, 2025	Amendment	$250,001,000	No comparison	1	SEC filing
Sep 27, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-525191

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Ares Management Capital Markets LLC	166219

Source: Form D, filed Sep 25, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

ACAP IV UNLEVERED LP

Investment adviser: ARES MANAGEMENT LLC

Gross asset value: $372M
Beneficial owners: 9
ADV minimum commitment: $0

Reported in Form ADV on Aug 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES HONG KONG, Hong Kong Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor ERNST & YOUNG LTD. GEORGE TOWN, Cayman Islands Other funds reporting this name →

Custodian DBS BANK LTD. SINGAPORE, Singapore Related to adviser: No Other funds reporting this name →

Marketer ARES MANAGEMENT CAPITAL MARKETS LLC CULVER, California, United States Related to adviser: Yes Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LTD.
PCAOB 1655

ARES MANAGEMENT CAPITAL MARKETS LLC
CRD 166219 · SEC 8-69194

Fund asset history · 2 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2024	$250,001,000	9	Mar 31, 2025
2025	$371,505,488	9	Mar 27, 2026

Filing source

Form ADV 2127751 · Aug 26, 2026 · Schedule D 7.B.(1), fund 805-1552560133

Reported by ARES MANAGEMENT LLC (CRD 130074).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; 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
Name	Reported role
James Lewis	Executive
Edward Gary Morse Jr.	Executive
Isatou Smith	Executive
Ching Him Wong	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Walkers Corporate Limited 190 Elgin Avenue
George Town, Grand Cayman, E9, KY1-9008
Phone: (345) 949-0100