Destiny Alternative Fund (TEI) LLC
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$22M
Investors
67
Min Invest
$100,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
Destiny Alternative Fund (TEI) LLC is a Delaware limited liability company that first filed a Form D on August 27, 2024 and most recently amended it on April 9, 2025, describing itself as a other investment fund. The offering claims Rule 506(b) and covers pooled investment fund interests. Destiny Alternative Fund (TEI) LLC reported $22,329,127 sold from 67 investors in an offering of indefinite size as of the Form D filed April 9, 2025. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100,000. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates. The issuer's address of record is 235 West Galena, Milwaukee, WI 53212.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing April 9, 2025
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFund Filings
Tender-offer fund (811-23814). Figures are the fund's own from Forms N-PORT and N-CEN and its repurchase filings on SEC EDGAR. "Marks" is the share of holdings at Level 3 or carried at NAV. All registered funds AltStreet tracks.
- Net assets
- $27.1M at Dec 31, 2025
- Holdings
- 1 positions, $26.8M
- Marks
- 100% of holdings at Level 3 or carried at NAV
- Fees (N-CEN)
- management fee 0%, net operating expenses 0% for the year to Mar 31, 2026
- Auditor
- ERNST & YOUNG LLP
- Latest repurchase offer
- SC TO-I filed Dec 1, 2025, requests due Dec 31, 2025
Checking your access
Filings on Record
Every filing AltStreet's ledger holds for this CIK, newest first (15 of 24). Each opens the SEC archive folder.
In the Terminal
Filing events
4
latest Apr 9, 2025
Critical / warning
0 / 0
0 watch · 4 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Latest event Sold increase · Apr 9, 2025
SEC.govFund family Part of the Destiny Alternative Fund family: 4 vehicles across 1 generation; Same adviser CIK 1898303, and 35 other related vehicles · full family and the filing behind each link in the terminal
Investor
- The full fund family and 36 related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- The dated record: 128 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 4 filing events with values and deltas, latest 2025-04-09, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
MICHAEL D PECK
Executive Officer · MILWAUKEE, WI
PRESIDENT
CHAD S EISENBERG
Executive Officer · MILWAUKEE, WI
TREASURER
ANN S MAURER
Executive Officer · MILWAUKEE, WI
SECRETARY
DAVID G LEE
Director · MILWAUKEE, WI
ROBERT G SEYFERTH
Director · MILWAUKEE, WI
GARY E SHUGRUE
Director · MILWAUKEE, WI
TERRANCE P GALLAGHER
Director · MILWAUKEE, WI
P FIRST TRUST CAPITAL MANAGEMENT L.P.
Promoter · CHICAGO, IL
P DESTINY WEALTH PARTNERS, LLC
Promoter · TAVARES, FL
Questions About Destiny Alternative Fund (TEI) LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Destiny Alternative Fund (TEI) LLC?
Destiny Alternative Fund (TEI) LLC is a Delaware limited liability company that filed a Form D with the SEC on April 9, 2025 as a other investment fund. The filing claims Rule 506(b) for an offering of pooled investment fund interests.
Is Destiny Alternative Fund (TEI) LLC legit?
AltStreet does not rate legitimacy; it reports the public record. Destiny Alternative Fund (TEI) LLC filed a Form D with the SEC on April 9, 2025 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $22,329,127 sold to 67 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Destiny Alternative Fund (TEI) LLC registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Destiny Alternative Fund (TEI) LLC claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Destiny Alternative Fund (TEI) LLC raised?
Destiny Alternative Fund (TEI) LLC reported $22,329,127 sold from 67 investors in an offering of indefinite size as of the Form D filed April 9, 2025.
Who can invest in Destiny Alternative Fund (TEI) LLC?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100,000.
What is the minimum investment in Destiny Alternative Fund (TEI) LLC?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of April 9, 2025. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Destiny Alternative Fund (TEI) LLC and how are they paid?
The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Destiny Alternative Fund (TEI) LLC?
The Form D lists 9 related persons: MICHAEL D PECK, executive officer (PRESIDENT); CHAD S EISENBERG, executive officer (TREASURER); ANN S MAURER, executive officer (SECRETARY); DAVID G LEE, director; ROBERT G SEYFERTH, director; GARY E SHUGRUE, director; TERRANCE P GALLAGHER, director; P FIRST TRUST CAPITAL MANAGEMENT L.P., promoter, and 1 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Destiny Alternative Fund (TEI) LLC located?
The issuer's address on its SEC filings is 235 West Galena, Milwaukee, WI 53212. Its phone number of record is 414-299-2217. It is organized under the laws of Delaware.
How long is the Destiny Alternative Fund (TEI) LLC offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
How large is Destiny Alternative Fund (TEI) LLC?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
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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.