Form D · Private Equity Fund

BLUESTEM VIC II, LLC

Sioux Falls, SD · CIK 0001886589

Offering snapshot reported Oct 7, 2021 · SEC filing

Reported sold: $650K
Investors reported: 5
Minimum accepted: $20K
First sale: Oct 6, 2021

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
Oct 7, 2021	Initial	$650,000	No comparison	5	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-416025

Source: Form D, filed Oct 7, 2021. 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

BLUESTEM VIC II, LLC

Investment adviser: BLUESTEM CAPITAL COMPANY, LLC

Gross asset value: $9.73M
Beneficial owners: 70
ADV minimum commitment: $20K

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

No provider names available in this fund's imported disclosure.

Provider details

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

Fund asset history · 4 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2022	$14,655,903	70	Mar 20, 2023
2023	$13,224,522	70	Mar 20, 2024
2024	$12,520,876	70	Mar 22, 2025
2025	$9,728,833	70	Mar 25, 2026

Filing source

Form ADV 2081456 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-7219739792

Reported by BLUESTEM CAPITAL COMPANY, LLC (CRD 158461).

Annual Updating Amendment ERA Report · fiscal year 2025.

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.

Matched by reported Form D file number

GORDONMD PE FUND LP

Investment adviser: GORDONMD GLOBAL INVESTMENTS LP

Gross asset value: $96M
Beneficial owners: 24
ADV minimum commitment: $5M

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

Service providers

Fund administrator SS&C TECHNOLOGIES WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor EISNERAMPER LLP NEW YORK, New York, United States Other funds reporting this name →

Custodian BANK OF AMERICA NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Custodian MORGAN STANLEY SMITH BARNEY LLC WILMINGTON, Delaware, United States Related to adviser: No Other funds reporting this name →

Custodian U.S. BANK NATIONAL ASSOCIATION CINCINNATI, Ohio, United States Related to adviser: No Other funds reporting this name →

Provider details

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

EISNERAMPER LLP
PCAOB 274

BANK OF AMERICA
LEI B4TYDEB6GKMZO031MB27

MORGAN STANLEY SMITH BARNEY LLC
LEI 7PDDXEMZ0ZV0CEDU4D16

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund asset history · 4 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2022	$75,155,410	24	Mar 31, 2023
2023	$63,532,558	24	Mar 20, 2024
2024	$93,921,405	24	Mar 25, 2025
2025	$96,016,941	24	Mar 26, 2026

Filing source

Form ADV 2043474 · Mar 26, 2026 · Schedule D 7.B.(1), fund 805-7594285659

Reported by GORDONMD GLOBAL INVESTMENTS LP (CRD 316751).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

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
L.L.C. Bluestem Capital Company,	Executive
Andrew Doshier	Executive
Sandy Horst	Executive
Jon Kirby	Executive
Steve Kirby	Executive
Nikole Mulder	Executive
Tyler Stowater	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

101 S. Phillips Ave., Ste. 501
Sioux Falls, SD, 57104
Phone: 605-331-0091