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EDGAR Verified
Primary Source · SEC.gov

AIR Annuity & Life Settlement Fund, LP

CIK 0001794522Fund Vehicle2024 vintage506(b), 3(c)(1)

Raised

$51M

Investors

15

Min Invest

$250,000

AltStreet Analysis

·

Generated from EDGAR primary sources

AIR Annuity & Life Settlement Fund, LP is a Delaware limited partnership filing under Rule 506(b) and Section 3(c)(1). This amended filing reports $50.9M raised from 15 accredited investors with a $250K minimum investment. The fund is managed by AIR Annuity & Life Settlement Mgmt GP, LLC with executive officers Richard Beleutz, Stephen Luongo, and Matthew Schaefer.

This litigation finance vehicle operates at the lower end of institutional minimums ($250K) compared to typical high-net-worth alternative funds in this category. The 506(b) exemption and 3(c)(1) structure are standard for private funds limiting to 100 accredited investors, consistent with annuity and life settlement investment strategies that often utilize litigation finance structures.

Data Flags

total_investors15 investors contributing $50.9M yields an average commitment of approximately $3.4M per investor, significantly above the $250K minimum, suggesting a concentration among larger institutional or high-net-worth participants
first_sale_dateFirst sale date not disclosed on this amended filing despite total raise under $100M

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001794522
Entity NameAIR Annuity & Life Settlement Fund, LP
Exemption506(b), 3(c)(1)
First Sale Date—
Filing DateNovember 13, 2024
Accession Number0001794522-24-000002
Total Amount Sold$51M
Total Investors15
Minimum Investment$250,000
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

N/A AIR Annuity & Life Settlement Mgmt GP, LLC

Promoter · Chicago, IL

Richard Beleutz

Executive Officer · Chicago, IL

Stephen Luongo

Executive Officer · Chicago, IL

Matthew Schaefer

Executive Officer · Chicago, IL

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.