Form D · Hedge Fund

Prophet Credit Partners LP

Austin, TX · CIK 0001600897

Offering snapshot reported Mar 26, 2018 · SEC filing

Reported sold
$31M
Indefinite offering
Investors reported
0
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Apr 1, 2017
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$20.1M$40.1MApr 2, 2015Mar 31, 2016Mar 30, 2017: $40,110,000.00Mar 30, 2017Mar 26, 2018: $31,000,000.00Mar 26, 2018

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.

  • Reported sold$40,110,000 → $31,000,000

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 26, 2018Amendment$31,000,000-$9,110,000vs Mar 30, 20170SEC filing
Mar 30, 2017Amendment$40,110,000No comparison0SEC filing
Mar 31, 2016AmendmentYet to sellNo comparison0SEC filing
Apr 2, 2015InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.1, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-237161
Limited Partnership Interests

Source: Form D, filed Mar 26, 2018. 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

PROPHET CREDIT PARTNERS LP

Investment adviser: PROPHET CAPITAL ASSET MANAGEMENT LP

Gross asset value
$345M
Beneficial owners
17
ADV minimum commitment
$5M

Reported in Form ADV on Mar 27, 2019. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STONE COAST FUND SERVICES, LTD GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP DALLAS, Texas, United States
Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No
Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

J.P. MORGAN CLEARING CORP.
SEC 8-43724

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

Filing source

Form ADV 1278381 · Mar 27, 2019 · Schedule D 7.B.(1), fund 805-8760052205

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
Robert A. Epstein Promoter
Prophet Asset Management Llc Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Prophet Capital Asset Management Lp 5000 Plaza On The Lake Blvd, Suite 180
Austin, TX, 78746