Form D · Hedge Fund

Clearwater Fund L.P.

Evanston, IL · CIK 0001727079

Offering snapshot reported Jan 13, 2026 · SEC filing

Reported sold
$27.9M
Indefinite offering
Investors reported
10
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Jan 1, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$13.9M$27.9MJan 10, 2018: $24,750,000.00Jan 10, 2018Jan 10, 2019: $27,300,000.00Jan 10, 2020: $27,350,000.00Jan 11, 2021: $27,350,000.00Jan 11, 2022: $27,700,000.00Jan 11, 2023: $27,850,000.00Jan 11, 2024: $27,850,000.00Jan 13, 2025: $27,850,000.00Jan 13, 2026: $27,850,000.00Jan 13, 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

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jan 13, 2026Amendment$27,850,000$0vs Jan 13, 202510SEC filing
Jan 13, 2025Amendment$27,850,000$0vs Jan 11, 202410SEC filing
Jan 11, 2024Amendment$27,850,000$0vs Jan 11, 202310SEC filing
Jan 11, 2023Amendment$27,850,000$150,000vs Jan 11, 202210SEC filing
Jan 11, 2022Amendment$27,700,000$350,000vs Jan 11, 202110SEC filing
Jan 11, 2021Amendment$27,350,000$0vs Jan 10, 20209SEC filing
Jan 10, 2020Amendment$27,350,000$50,000vs Jan 10, 20199SEC filing
Jan 10, 2019Amendment$27,300,000$2,550,000vs Jan 10, 20189SEC filing
Jan 10, 2018Initial$24,750,000No comparison5SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-302842

Source: Form D, filed Jan 13, 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

CLEARWATER FUND L.P.

Investment adviser: EVANSTON CAPITAL MANAGEMENT, LLC

Gross asset value
$47.2M
Beneficial owners
6
ADV minimum commitment
$250K

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND SERVICES (USA) INC. JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON 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
No

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Filing source

Form ADV 2064401 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-8937229890

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
Adam B. Blitz Executive
Ryan Cahill Executive
Lance Donenberg Executive
Lance Donnenberg Executive
N/A Evanston Capital Management, Llc Executive
Don Fehrs Executive
Brian Lease Executive
Michael Liddy Executive
Kenneth A. Meister Executive
Kristen Van Gelder Executive
David L. Wagner Executive
Scott Zimmerman Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
1560 Sherman Avenue, Suite 960
Evanston, IL, 60201