Form D · Hedge Fund

Credit Alternatives Fund LLC

Chicago, IL · CIK 0001843431

Offering snapshot reported Mar 9, 2026 · SEC filing

Reported sold
$213M
Indefinite offering
Investors reported
147
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Feb 1, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$106M$213MJan 29, 2021Mar 5, 2021: $38,175,000.00Mar 7, 2022: $129,885,000.00Mar 7, 2023: $142,920,000.00Mar 7, 2024: $142,920,000.00Mar 7, 2025: $212,920,000.00Mar 9, 2026: $212,920,000.00Mar 9, 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
Mar 9, 2026Amendment$212,920,000$0vs Mar 7, 2025147SEC filing
Mar 7, 2025Amendment$212,920,000$70,000,000vs Mar 7, 2024147SEC filing
Mar 7, 2024Amendment$142,920,000$0vs Mar 7, 2023125SEC filing
Mar 7, 2023Amendment$142,920,000$13,035,000vs Mar 7, 2022125SEC filing
Mar 7, 2022Amendment$129,885,000$91,710,000vs Mar 5, 202195SEC filing
Mar 5, 2021Amendment$38,175,000No comparison15SEC filing
Jan 29, 2021InitialYet to sellNo comparison0SEC 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
021-387913

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Northern Trust Securities, Inc.7927

Source: Form D, filed Mar 9, 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

CREDIT ALTERNATIVES FUND, LLC

Investment adviser: 50 SOUTH CAPITAL ADVISORS, LLC

Gross asset value
$265M
Beneficial owners
101
ADV minimum commitment
$1M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BANK OF NEW YORK MELLON NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Marketer NORTHERN TRUST SECURITIES, INC CHICAGO, Illinois, United States Related to adviser: Yes
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

NORTHERN TRUST SECURITIES, INC
CRD 7927 · SEC 801-80781

Filing source

Form ADV 2081413 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-2210039009

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
N/A 50 South Capital Advisors, Llc Executive
Joshua Abrego Executive
Lizabeth Boeckmann Executive
Tristan L. Thomas Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
50 South La Salle Street, M 15
Chicago, IL, 60603